With plans to hire 450 Aircraft Maintenance professionals over the next year, FEAM, one of the largest leading providers of aircraft line maintenance services in the United States and Europe has introduced an improved Employee Benefits and Compensation Package to recruit and retain top-tier talent.
Effective November 1st, 2021:
Health insurance premiums will be reduced by 50%, a supplemental reduction to the most recent decrease in April 2021.
Additionally, FEAM will enhance the 401K plan and begin matching employee contributions.
Additional benefits will be added as well with an effective date of January 1st, 2022.
FEAM’s enhanced vacation policy will include the following:
New hires will accrue 7 hours per month, an increase to the current 3.5 hours per month, during their first year of employment, and continue through the second January of their employment period, available after 90 days of employment.
The improved vacation schedule benefit follows:
2 weeks of vacation available in year 2 (the employee’s 2nd January after employment)
3 weeks of vacation available in year 3 (up one week compared to the current policy)
3 weeks of vacation available in year 4 (up one week compared to the current policy)
4 weeks of vacation available in year 5, and thereafter (compared to the current policy of 3 weeks)
Their New Hire Incentives for technicians include a Sign-On Bonus of up to $2,000; paid in the following installments: $700 after 90 days of active employment, $650 after 6 months of active employment, and the remaining $650 after 12 months of active employment.
Currently, new aircraft maintenance technicians have the opportunity to earn 75K on average, including minimal overtime.
Employees of FEAM are also incentivized to refer technicians with a revamped Referral Bonus of $500. In order to receive the referral payment, referred employees must remain employed by FEAM and in an active status for 9 months. Subsequently, the referring employee must be active and currently employed in order to be eligible for the Referral Bonus.
Additionally, FEAM Employees are provided with paid time off, comprehensive health benefits, and ancillary benefits including 401-K, Life Insurance, Short and Long Term Disability, Accident Insurance, Critical Illness Insurance, and new flight benefits. FEAM continues to lead the way in employee acquisition and retention with innovative initiatives that attract both up-and-coming and veteran industry talent.
On their team-centered approach, Cam Murphy, President of FEAM, adds “We recognize that the strength of our company and service approach is driven by the motivated professionals that make up our team. Sticking closely to FEAM’s core values has helped us maintain an internal culture that attracts some of the top talents our industry has to offer. We look forward to building that team, and increasing our reach across the US and internationally over the next year. As we continue our expansion, specifically with our recent acquisition of BOSA headquartered in Handforth, Cheshire UK, and our new wide-body hangar at Cincinnati/Northern Kentucky International Airport, we will look to add hundreds of new team members to the FEAM family.”
FEAM is the largest leading provider of aircraft line maintenance services in the United States. FEAM has maintenance bases at 34 locations across the U.S. UK and Europe, including two hangar facilities, and employs a growing workforce of over 1,200 Aircraft Maintenance Technicians and Engineers. Over the years, FEAM has diversified its MRO portfolio to include Line Maintenance, Technical Training, Global AOG Support, Technical Support Services, and Base Maintenance. Our full line of services ensures our customers meet their mission goals and mitigate AOG ground time. FEAM holds EASA/FAA Maintenance Organization Approvals and approvals from several other domestic and international aviation regulatory authorities. For more information, please visit www.feam.aero.