ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals

Topic Options
Rate This Topic
#157141 - 08/31/05 07:53 PM incentive and their masters
copperseller Offline
Member
Registered: 08/28/05
Posts: 28
does anyone pay incentives andhow does it work
is it direct related to the $$ amount or how does it work?
and what % in the bottom line should it reflect?
Top
Business, Office, Estimating, Legal:
#157142 - 09/26/05 06:31 AM Re: incentive and their masters
VinceR Offline
Member
Registered: 04/24/05
Posts: 35
Loc: Edgewood, WA, USA
Copperseller --

We are a small res shop in the early stages of expirementation with incentive pay. I am sorry I don't have any actual experience to share, but if you are interested I would be happy to share our thinking with you.

Vince R
Top
#157143 - 09/27/05 05:22 PM Re: incentive and their masters
Pat@Amber Offline
Member
Registered: 08/23/04
Posts: 106
Loc: Gaithersburg, MD USA
Technician Performance Pay

Tech Name: Week of: to 200
Edit numbers in BLUE only!
Paid Service Invoices:

$0000-$3000= 0.00%
$3001-$3500= 0.03%
$3501-$4000= 0.06%
$4001-$4500= 0.08%
$4501- > 0.10%
Total Invoice Dollars: $4,500.00
Deduct all Callback Dollars: $ $110.00
Total Net Invoice Dollars: $4,390.00
On Call Invoice Dollars: $1,876.00


Total Net Paid Invoices: $4,390.00 X 8.00% $351.20

Total On-Call Invoice $: $1,876.00 X 10.00% $187.60

Agreement Sales: 10 X $10.00 $100.00

Equipment Sales $: $2,457.00 X 3.00% $73.71


Hours Worked: 40 X $18.00 $720.00

Total pay before Overtime: $1,432.51

Overtime Calculation

Total pay before Overtime: $1,432.51 Divided by: 40 Hours =

$35.81 X 1.5 O/T Rate= $53.72

O/T hours: 6 X O/T Rate: $53.72 = $322.31 O/T $322.31

Total Pay this week= $1,754.82

Pay Per Hour Earned


$ 38.15







Tech Signature:

Verifying Person Signature: Date:
_________________________
Power to the people
Top
#157144 - 09/27/05 05:25 PM Re: incentive and their masters
Pat@Amber Offline
Member
Registered: 08/23/04
Posts: 106
Loc: Gaithersburg, MD USA
I have no idea where I got that from. It works as an exel file in my computer but I don't know how to make that available to you all so you can edit it.

Pat
http://www.i-boards.com/bnp/achrnews/messages.asp?MsgID=11415&ThreadID=1642

Try that link for a decent discussion of performance pay. I think the link at the end is where I got the excel worksheet from, but it is dead now.

[This message has been edited by Pat@Amber (edited 09-27-2005).]
_________________________
Power to the people
Top

Member Spotlight
Member Since: 08/22/05
Posts: 44
New in the Gallery:
SE cable question
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box


Who's Online
0 registered (), 41 Guests and 9 Spiders online.
Key: Admin, Global Mod, Mod
 
New in the Gallery:
SE cable question
 
Top Posters (30 Days)
Admin 47
HotLine1 43
gfretwell 19
Ruben Rocha 12
Trumpy 9
 
Newest Members
Scotto, Freecrowder, clee512, Jdscott2005, FAIZAN

ECN Electrical Forums - sponsored by Electrical Contractor Network - Electrical and Code Related Discussion for Electrical Contractors, Electricians, Inspectors, Instructors, Engineers and other related Professionals