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Adding on, the aforementioned worker is semi-retired and gets travel perks as part of the package. I don't know what the value of their travel is, but it seems
by caminante 5y ago
Adding on, the aforementioned worker is semi-retired and gets travel perks as part of the package. I don't know what the value of their travel is, but it seems fair to consider that part of their pay (used or not).
- maxerickson 5y agoThe fair value of an unused travel perk would be $0, no? Like health insurance that doesn't get used is valued well above $0, but it's providing risk mitigation. A travel perk isn't risk mitigation.
- flyinglizard 5y agoAn option contract on free travel would be worth significantly more than $0.
- landemva 5y agoThe travel is standby for flight attendants, so they don't go if flight is full. Though sometimes they take a folding seat. A few years ago it was $10,000 a year to get added as pilot's family member for that travel perk. I don't know how that may have changed over the past couple years. I did not understand why the carriers allowed that.
- maxerickson 5y agoOh, is that how they structure it?
- gruez 5y agoIt's not literally an option contract, but it's to point out something has value even if you don't exercise it.
- KingMachiavelli 5y agoSure but there are enough people who want & use the travel perk for it to be effectively part of the compensation. If you don't want that or can't use it then a career as a flight attendant is probably not very attractive. You could make an argument that COVID has made it difficult/impossible to use that perk so perhaps that perk really is worth ~2x the salary.
- caminante 5y agoWhy assume a travel perk isn't risk mitigation, i.e. avoiding the spot price of a trip you wanted? You're conflating common usage of "value".