training bonds
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training bonds
I know it's a topic that has from time to time been beaten to death. People are often polarized on this topic.
1. Why?
2. Who has worked somewhere where you have paid a bond?
3. How was your experience?
4. For those getting on where there is no bond but a considerable training expense, are you signing a contract to stay for X amount of time?
5. Is going somewhere you pay a bond better than places that only hire PPC'd pilots and don't train there own?
1. Why?
2. Who has worked somewhere where you have paid a bond?
3. How was your experience?
4. For those getting on where there is no bond but a considerable training expense, are you signing a contract to stay for X amount of time?
5. Is going somewhere you pay a bond better than places that only hire PPC'd pilots and don't train there own?
Just to be clear, there is a difference between a bond and paying/loaning money from one's own pocket for training.
A bond entails agreeing to stay for a given period of time or pay for a prorated portion of the predetermined training costs when leaving. That, at any rate, is what I consider to be a training bond. It was how it was arranged at C3. The primary intent is to discourage endorsement collectors.
A bond entails agreeing to stay for a given period of time or pay for a prorated portion of the predetermined training costs when leaving. That, at any rate, is what I consider to be a training bond. It was how it was arranged at C3. The primary intent is to discourage endorsement collectors.
Bonds make sure you do your homework and make a decision based on wether you wish to stick around for the term agreed. I do have a problem with companies that try to Re-bond after the term is up or if you move on to a different aircraft. The way I see it, the first bond is fine, after that you have proven yourself and you owe the company nothing but professional courtesy.
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Unfortunately bonds exist because there are far too many pilots out there who are lacking in integrity. If a company is going to pay for your training on whatever expensive piece of equipment you're flying; is it too much to expect you to stick around for a year or two?
Sadly too many out there have gotten a PPC then jumped ship at the first available opportunity and left the employer holding the bag.
Sadly too many out there have gotten a PPC then jumped ship at the first available opportunity and left the employer holding the bag.
Correct me if i am wrong but
My understanding of a training bond is that you go to an insurance company and pay them to post a bond for you. The flying company then trains you and if you bugger off the insurance company pays the flying company the cost of your training, and good luck ever getting a bond again. I seem to recall the figure of 10% of bonds end up being paid out, which means that nine out of ten pilots do not jump ship once they have the PPC.
ahramin
ahramin
Every company is different, in my case I actually had to go out and get a loan, write a check to the employer and he makes direct payments toward the loan. Maybe not the safest way, and I would not necessarily recommend that, and I'll probably get flack here for saying it. But I trust my boss, he's been good to me, and I'v known him for a long time, so I did it.
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Hey Loop check this outloopy wrote:Damn, no edit! What the hell is an "upt'er"? If anybody knows...
training bonds
Most bonds as written are not enforceable, that is why cash up front. It the company goes belly up, it a good thing pilots know the meaning of SOL.