129. From Paychecks to Perks: Maximizing Pilot Compensation with Dr. Broyhill

In this episode, hosts Dylan and Max interview Dr. Chris Broyhill, the creator of the AirComp Calculator, to discuss the current state of pilot compensation in business aviation. Dr. Broyhill shares insights on market trends, noting the ongoing high demand for qualified pilots and the increasing importance of comprehensive benefits packages. The discussion highlights the advantages of business aviation roles, such as better work-life balance, despite competitive airline salaries. Dr. Broyhill also emphasizes the value of reliable compensation data for pilots and employers, provided by tools like the AirComp Calculator. Connect with Dr. Chris Broyhill on LinkedIn Show Notes 0:00 Intro 3:31 Marketplace Updates 9:34 Benefits and Forms of Compensation 19:48 Business Aviation and Poaching 26:14 Trends, Inflation, and Cost of Labor 36:47 The Air Comp Calculator Be sure to subscribe to 21Five's Youtube Channel to see our luggage review videos! Join us in supporting the Pilot Mental Health Campaign by making adonating. Listener Rick S will match 21.Five listeners donations up to $1000! Hard Landing: The Epic Contest for Power and Profits That Plunged the Airlines into Chaos by Thomas Petzinger Jr Connect with us on LinkedIn Our sponsors: Harvey Watt, offers the only true Loss of Medical License Insurance available to individuals and small groups. Because Harvey Watt manages most airlines' plans, they can assist you in identifying the right coverage to supplement your airline’s plan. Many buy coverage to supplement the loss of retirement benefits while grounded. Visit harveywatt.com to learn more! Advanced Aircrew Academy enables flight operations to fulfill their training needs in the most efficient and affordable way—anywhere, at any time. We do this by providing high-quality professional pilot, flight attendant, flight coordinator, maintenance, and line service training modules delivered via the web using a world-class online aviation training system. Visit aircrewacademy.com to learn more! Tim Pope is a CERTIFIED FINANCIAL PLANNER™ and a pilot. His financial planning practice provides services to aviation professionals and aviation 401k plans. Tim helps clients pursue their financial goals by defining them, organizing & optimizing resources, planning, implementing, and monitoring their financial plan. Visit https://link.21fivepodcast.com/timothy-pope to learn more. Check out Tim's new podcast: The Pilot Money Podcast Employee Compensation Software That Answers "What's the Going Rate?" The AirComp Calculator™ is business aviation’s only online compensation analysis system. It can provide precise compensation ranges for 14 business aviation positions in six aircraft classes at over 50 locations throughout the United States in seconds. VAERUS MEANS RIGHT, TRUE, AND REAL.Buy or sell an aircraft the right way, using a true partner, to make your dream of flight real. Connect with Brooks at Vaerus Jet Sales | Learn more about the DC-3 Referral Program Do you have feedback, suggestions, or a great aviation story to share? Email us [email protected] Check out our Instagram feed @21FivePodcast for more great content and to see our collection of aviation license plates. The statements made in this show are our own opinions and do not reflect, nor were they under any direction of any of our employers.