Difference between revisions of "Compensation notes"
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total exc w/c $1,256.09 | total exc w/c $1,256.09 | ||
</pre> | </pre> | ||
| + | |||
| + | Still to add: Cost of paid vacation time | ||
| + | |||
| Line 83: | Line 86: | ||
*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 | ||
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> | ||
Revision as of 18:08, 13 May 2010
Compensation plans
- Standard
- 11.55/hr
- no vacation
- no health coverage
- no retirement
- Committed
- 12.55/hr
- 1 week vacation/yr
- health coverage
- no retirement
- Collective
- 13.55/hr salary with max headroom, $1084 per two week period standard
- 3.6 weeks vacation/yr
- health coverage
- retirement plan
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 total exc w/c $2,928.85 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 total exc w/c $2,217.49 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 total exc w/c $1,256.09
Still to add: Cost of paid vacation time
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
Free Geek Net Profit 2010
January $24,921.77 February $26,774.21 March $20,567.87 April books are not closed yet.