Difference between revisions of "Compensation notes"
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| Line 6: | Line 6: | ||
* no health coverage | * no health coverage | ||
* no retirement | * no retirement | ||
| + | * no holiday | ||
; Committed | ; Committed | ||
| Line 12: | Line 13: | ||
* health coverage | * health coverage | ||
* no retirement | * no retirement | ||
| + | * no holiday | ||
; Collective | ; Collective | ||
| Line 18: | Line 20: | ||
* health coverage | * health coverage | ||
* retirement plan | * retirement plan | ||
| + | * holidays | ||
| Line 52: | Line 55: | ||
retirement $75.16 | retirement $75.16 | ||
tax portion $107.33 | tax portion $107.33 | ||
| − | total exc w/c $ | + | vacation $162.60 |
| + | total exc w/c $3,091.45 | ||
| + | |||
committed | committed | ||
| Line 64: | Line 69: | ||
retirement | retirement | ||
tax portion $79.53 | tax portion $79.53 | ||
| − | total exc w/c $2, | + | vacation $33.47 |
| + | total exc w/c $2,250.96 | ||
| + | |||
Nother or apprentice | Nother or apprentice | ||
| Line 76: | Line 83: | ||
retirement | retirement | ||
tax portion $54.89 | tax portion $54.89 | ||
| + | vacation | ||
total exc w/c $1,256.09 | total exc w/c $1,256.09 | ||
</pre> | </pre> | ||
| + | |||
| + | Vacation costs are complicated and can also be affected by how much time others need to put in to make up for the staff member's absence. All that is figured here is a simple calculation based on the total vacation possible in a year divided by 12 months. | ||
| + | |||
| + | Worker's compensation is not included here, but currently is being figured in the books at $335.92 a month for everyone combined. | ||
| Line 83: | Line 95: | ||
*Based on march 2010, raising all the committeds to $13.55/hr would add $862.89 to the monthly Gross pay. This would also raise the various tax categories by a small amount. | *Based on march 2010, raising all the committeds to $13.55/hr would add $862.89 to the monthly Gross pay. This would also raise the various tax categories by a small amount. | ||
*Giving the committeds retirement benefits would add $346.54 to the monthly staffing expenses. | *Giving the committeds retirement benefits would add $346.54 to the monthly staffing expenses. | ||
| + | *Both together would be $1,237.03 (more than the sum because of the retirement being based on payroll) | ||
Free Geek Net Profit 2010 | Free Geek Net Profit 2010 | ||
| + | <pre> | ||
January $24,921.77 | January $24,921.77 | ||
February $26,774.21 | February $26,774.21 | ||
March $20,567.87 | March $20,567.87 | ||
April books are not closed yet. | April books are not closed yet. | ||
| + | </pre> | ||
| + | |||
| + | [[Category:HR]] | ||
Latest revision as of 08:54, 14 May 2010
Compensation plans
- Standard
- 11.55/hr
- no vacation
- no health coverage
- no retirement
- no holiday
- Committed
- 12.55/hr
- 1 week vacation/yr
- health coverage
- no retirement
- no holiday
- Collective
- 13.55/hr salary with max headroom, $1084 per two week period standard
- 3.6 weeks vacation/yr
- health coverage
- retirement plan
- holidays
Staffing expenses March 2010 (from the books)
Gross Pay, Collective $29,217.51 Gross Pay, Committed $10,829.23 Gross Pay, Other $11,479.12 $51,525.86 Health Care $6,810.17 Payroll Accounting $372.45 Medicare $743.54 OR ER Work Ben $54.00 OR SUI $1,128.09 Social Security $3,179.12 Retirement, employer $711.30 Workers Compensation $335.92 TOTAL $64,860.45
Typical staffing expenses per month for one person (calculated)
collective pay/hr $13.55 hours/wk 40 wk/period 2 gross/pay period $1,084.00 pay/month $2,348.67 health care/mo $355.45 dental $42.25 retirement $75.16 tax portion $107.33 vacation $162.60 total exc w/c $3,091.45 committed pay/hr $12.55 hours/wk 32 wk/period 2 gross/pay period $803.20 pay/month $1,740.27 health care/mo $355.45 dental $42.25 retirement tax portion $79.53 vacation $33.47 total exc w/c $2,250.96 Nother or apprentice pay/hr $11.55 hours/wk 24 wk/period 2 gross/pay period $554.40 pay/month $1,201.20 health care/mo dental retirement tax portion $54.89 vacation total exc w/c $1,256.09
Vacation costs are complicated and can also be affected by how much time others need to put in to make up for the staff member's absence. All that is figured here is a simple calculation based on the total vacation possible in a year divided by 12 months.
Worker's compensation is not included here, but currently is being figured in the books at $335.92 a month for everyone combined.
Comments:
- Based on march 2010, raising all the committeds to $13.55/hr would add $862.89 to the monthly Gross pay. This would also raise the various tax categories by a small amount.
- Giving the committeds retirement benefits would add $346.54 to the monthly staffing expenses.
- Both together would be $1,237.03 (more than the sum because of the retirement being based on payroll)
Free Geek Net Profit 2010
January $24,921.77 February $26,774.21 March $20,567.87 April books are not closed yet.