Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

23 Nov 2021

US Airline Carriers Paying More to Attract New Hires

The Index Today

American airline carriers are ramping up hiring efforts ahead of the holiday season to keep up with increased number of fliers. Many airlines are going as far as to poaching employees from rivals and offering high bonuses.


During the pandemic, many airline employees were laid off due to complete shutdown of flights across the globe. However, as flights resume and travelling becomes easier, the airline industry is facing a shortage of pilots, agents and flight attendants. Experts have said the current shortage is due to the excessive firing from the pandemic.


Airline carriers are offering hefty pay packages to attract employees. Piedmont Airlines is currently offering $180,000 bonus packages to attract pilots whereas United Airlines is offering $5,000 signing bonus to bring in more agents. The shortage in the labor market is boosting wage expenses in the industry rapidly. Many have pointed out the fast-losing popularity of airline jobs is directly associated with poor paying entry level jobs in the field. The labor crisis began long before the covid era according to analysts.

©Photo: Daniel Slim | AFP | Getty Images

Clay pottery with table linens