Having flown corporate for 15 years prior to hiring on at NetJets, I can tell you about two things that make it the job for me even if I have to put up with being on F/O pay for a while.
The first is the schedule... I _have_ one. I don't live on a cell phone or have to hide from my employers phone calls any more when I want a night off. I know what days I will be working and what days I will be off for the whole upcoming month, at least two weeks in advance and I get a forecast of that schedule 6 weeks in advance. And if the info we have on the new contract is true, we will know our week on/off schedule 6 months in advance. A lot of guys working there will tell you that they do have to live on a beeper or phone, but that is during one of their SCHEDULED days on. My opinion of that is that when I'm "on", I'm on... call me whenever and if I can fly, I will. Cough, cough, sniffle... ;^)
The second thing is stability. This company is supported by one of the strongest financial networks in the world and it is not going away anytime soon. It is a company with which I can plan my retirement. And regardless of the strife between the company and the union membership over the contract, almost all of us think it is a very good company to work for. Personally, I know that when the chips are down, they come to bat for their employee in a big time way.
One thing I see with the growth of fractionals and their card-share programs is that it is going to make it tougher for a corporate aviation department to justify costs when compared. Fractional flying fits right into the average 200 hours per year that most private owners fly. It's expensive, for sure, but in the long run it is cheaper for the owner than outright ownership of an entire aircraft. With the airlines gravitating toward cheap fair/cattle car transportation for the masses, you can bet the first & business class pax will be looking toward using corporate air travel much more than in the past. This should mean a good future for most large departments, and the fractional business. You have to decide which is likely to provide you with the best opportunity for long term employment and financial potential. Is it your corporate 100/500 company or a BERKSHIRE/HATHAWAY company?
Okay, some other opinions on your questions. And remember the old adage about opinions before you give any weight to this.
Salary... Haven't seen the ProPilot survey yet but here's my WAG. We will see an offer with 5th year captains pay around $90k. I expect F/O pay to run about 2/3 of that. We should also get some sort of retro pay check, but I don't think it'll be large. Rumor = $60k. Finally, the sense I get is that the membership will vote this proposal down regardless of how great the other stuff in the contract is. I don't think anything less than 6 figures at year 5 will pass.
Schedules... XPdriver pretty much said it. Word is 7 on/ 7 off for anyone who wants it, bid in 6 month increments. Other schedule will be for the fill-ins and guys who want to work more or less than the standard 192 days per year, for more or less money, with a 15 day notice.
The other stuff in the contract will make you wet yourself. Enhanced retirement, employment protections, insurance, legal aid/coverage, etc.. It will be a great one if we pass it.