business aviation to adopt a new way of looking at the importance of scheduled time off.” “Being paid to fly was our jackpot,” said James Lara, principal at Gray Stone Advisors.“Today, it’s a totally different environment.” AS PRIORITIES SHIFT, AVOID TURNOVER “While it can’t be said for everyone, it’s pretty common that pilots and maintainers aren’t as focused on climbing the corporate ladder as the generations before them,” Lara said. “Today, the priority is balancing what they do with who they are, and the company’s efforts to achieve that balance are key to attracting and retaining the best talent. “Think about it: If you turn over a Gulfstream pilot today, between hiring, training and compensation, it’s going to cost the company around $300,000 the first year, so you want to avoid turnover at all costs,” 16 AVIATION VIEW MAGAZINE VOLUME 05, ISSUE 04
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