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Emirates Captain Pay??
- Thread starter bigbird
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The base pay for a starting captain at Emirates (all equipment is paid at the same rate) would include:
· Base Pay: approximately $98,000/yr - (this is the portion of your pay that you would get every month and on which your provident scheme is based - min 5% is your contribution with the company contribution at 12%. There is a vesting scheme for you to access the company contribution with 100% available after 7 years service.) There is a non-guaranteed annual increment of 3% per year.
· Flight Pay: $12/hr for captains - calculated on the scheduled time that you actually fly up to the threshold to receive overtime payment. This is not included in calculations of your provident scheme. This has no increment and is paid to all captains regardless of time of service. Example: In a 30 day month, the threshold to receive overtime is 76 scheduled block hours. If you are scheduled for 76 hours or more, you will receive about $920 in flight pay. Leave and training has zero credit for pay so in months where you have leave or training, your flight pay may be something less.
In addition, overtime for captains is paid at $125/hr regardless of years of service. The monthly threshold for overtime is based on the number of days in the month (30 days – 76 hours) and is calculated on scheduled block hours. Again, leave and training are not credited for pay. (neither is time spent on reserve)
Per diem is a non issue as meal allowances are only paid at layover stations and are calculated based on the cost of discounted meals at the layover hotel. You won’t save much from your per diem.
Exchange Rate Protection (ERP). This is an allowance to supposedly protect pilots from countries with non US dollar based currencies from currency fluctuations. It is not available to Americans (the UAE dirham is tied to the US dollar). Your colleagues from other countries will earn approximately$500-700 more per month than you. The value or unfairness of this is twofold and depends on your situation: we all have to live and spend in Dubai yet some are paid more. On the other hand, some have watched their earnings and savings (provident fund) fall by 40% against their home currency (even with pay raises) over the last few years. Either way, the formula is based on the value of one’s home currency against the dollar and is calculated such that the longer the dollar stays weak, the less ERP one receives with the allowance decreasing to zero if enough time passes with a falling dollar.
Other variables include company provided housing vs. housing allowances, education allowances for children and the rate of inflation in Dubai (currently running between 10 and 20% annually, depending who you talk to). To my thinking, the value of your package is directly related to what you have in your pocket at the end of the month. The Emirates website should have fairly accurate pay information (www.emirates.com). It would be up to you to compare what you have with what you would get here and decide if it makes sense for you. Good Luck.
· Base Pay: approximately $98,000/yr - (this is the portion of your pay that you would get every month and on which your provident scheme is based - min 5% is your contribution with the company contribution at 12%. There is a vesting scheme for you to access the company contribution with 100% available after 7 years service.) There is a non-guaranteed annual increment of 3% per year.
· Flight Pay: $12/hr for captains - calculated on the scheduled time that you actually fly up to the threshold to receive overtime payment. This is not included in calculations of your provident scheme. This has no increment and is paid to all captains regardless of time of service. Example: In a 30 day month, the threshold to receive overtime is 76 scheduled block hours. If you are scheduled for 76 hours or more, you will receive about $920 in flight pay. Leave and training has zero credit for pay so in months where you have leave or training, your flight pay may be something less.
In addition, overtime for captains is paid at $125/hr regardless of years of service. The monthly threshold for overtime is based on the number of days in the month (30 days – 76 hours) and is calculated on scheduled block hours. Again, leave and training are not credited for pay. (neither is time spent on reserve)
Per diem is a non issue as meal allowances are only paid at layover stations and are calculated based on the cost of discounted meals at the layover hotel. You won’t save much from your per diem.
Exchange Rate Protection (ERP). This is an allowance to supposedly protect pilots from countries with non US dollar based currencies from currency fluctuations. It is not available to Americans (the UAE dirham is tied to the US dollar). Your colleagues from other countries will earn approximately$500-700 more per month than you. The value or unfairness of this is twofold and depends on your situation: we all have to live and spend in Dubai yet some are paid more. On the other hand, some have watched their earnings and savings (provident fund) fall by 40% against their home currency (even with pay raises) over the last few years. Either way, the formula is based on the value of one’s home currency against the dollar and is calculated such that the longer the dollar stays weak, the less ERP one receives with the allowance decreasing to zero if enough time passes with a falling dollar.
Other variables include company provided housing vs. housing allowances, education allowances for children and the rate of inflation in Dubai (currently running between 10 and 20% annually, depending who you talk to). To my thinking, the value of your package is directly related to what you have in your pocket at the end of the month. The Emirates website should have fairly accurate pay information (www.emirates.com). It would be up to you to compare what you have with what you would get here and decide if it makes sense for you. Good Luck.
typhoonpilot
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Nolife
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Spent about an hour checking out the website. Looks like a cool place to work. Deep pockets and Dubai seems nice. Looks like they'll be hiring for some time once that big order starts to come in.
Any family guys care to chime in regarding family life there... school in country for little ones, entertainment, sports, security of home while you're away, etc. I spent some time in Saudi and wouldn't want to subject my wife to their lifestyle if I could help it.
Any family guys care to chime in regarding family life there... school in country for little ones, entertainment, sports, security of home while you're away, etc. I spent some time in Saudi and wouldn't want to subject my wife to their lifestyle if I could help it.
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