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    The Career Cost: Does It Pay for a Military Pilot to Leave the Service for the Airlines? Aviation Retention, Military Compensation, Flight Pay, Allowance for Housing, Subsistence, Airline Compensation
    Unavailable
    The Career Cost: Does It Pay for a Military Pilot to Leave the Service for the Airlines? Aviation Retention, Military Compensation, Flight Pay, Allowance for Housing, Subsistence, Airline Compensation
    Unavailable
    The Career Cost: Does It Pay for a Military Pilot to Leave the Service for the Airlines? Aviation Retention, Military Compensation, Flight Pay, Allowance for Housing, Subsistence, Airline Compensation
    Ebook499 pages6 hours

    The Career Cost: Does It Pay for a Military Pilot to Leave the Service for the Airlines? Aviation Retention, Military Compensation, Flight Pay, Allowance for Housing, Subsistence, Airline Compensation

    By Progressive Management

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Professionally converted for accurate flowing-text e-book format reproduction, this unique book examines military and airline compensation for pilots. The military is experiencing a pilot retention problem that is getting worse. The government spends millions of dollars training pilots in the most advanced aircraft in the world, only to watch them leave for the commercial airline industry at the first opportunity. As airline pilot hiring continues to improve, military pilots will depart the services for the assumed increase in financial compensation of the airlines. This thesis compares two scenarios: one in which a military pilot leaves the service to become a commercial airline pilot upon completing the initial active duty service obligation (ADSO), and one in which a military pilot defers becoming a commercial airline pilot until after reaching military retirement eligibility. The comparison is made by calculating lifetime income cash flows of both scenarios, and then discounting them to achieve a net present value (NPV). The findings conclude it is financially prudent for military pilots to remain in the service until retirement. The current policies enable a retired military pilot to earn over 9% more in NPV when compared to the military pilot who separates at ADSO completion. Military pilots who voluntarily separate prior to retirement for financial reasons are incorrectly evaluating the assumed pay disparity between the airlines and the military.

    CHAPTER I * INTRODUCTION * A. METHODOLOGY * B. ASSUMPTIONS * CHAPTER II * MILITARY COMPENSATION * A. PAY AND ALLOWNCES * 1. Base Pay * 2. Flight Pay * 3. Basic Allowance for Housing * 4. Basic Allowance for Subsistence * B. BONUSES * C. TAX SAVINGS * D. RETIREMENT * E. OTHER BENEFITS * CHAPTER III * AIRLINE COMPENSATION * A. PAY * 1. Longevity * 2. Per Diem * 3. Union Dues * B. RETIREMENT * C. OTHER BENEFITS * CHAPTER IV * CALCULATIONS * CHAPTER V * RESULTS AND COMPARISON * CHAPTER VI * CONCLUSION * A. RECOMMENDATION * B. ALTERNATIVE * C. FUTURE STUDY

    LanguageEnglish
    PublisherProgressive Management
    Release dateMar 19, 2016
    ISBN9781310343773
    Unavailable
    The Career Cost: Does It Pay for a Military Pilot to Leave the Service for the Airlines? Aviation Retention, Military Compensation, Flight Pay, Allowance for Housing, Subsistence, Airline Compensation
    Author

    Progressive Management

    Progressive Management: For over a quarter of a century, our news, educational, technical, scientific, and medical publications have made unique and valuable references accessible to all people. Our imprints include PM Medical Health News, Advanced Professional Education and News Service, Auto Racing Analysis, and World Spaceflight News. Many of our publications synthesize official information with original material. They are designed to provide a convenient user-friendly reference work to uniformly present authoritative knowledge that can be rapidly read, reviewed or searched. Vast archives of important data that might otherwise remain inaccessible are available for instant review no matter where you are. The e-book format makes a great reference work and educational tool. There is no other reference book that is as convenient, comprehensive, thoroughly researched, and portable - everything you need to know, from renowned experts you trust. Our e-books put knowledge at your fingertips, and an expert in your pocket!

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