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incentive and their masters #157141
08/31/05 09:53 PM
08/31/05 09:53 PM
C
copperseller  Offline OP
Member
Joined: Aug 2005
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?

Business, Office, Estimating, Legal:
Re: incentive and their masters #157142
09/26/05 08:31 AM
09/26/05 08:31 AM
V
VinceR  Offline
Member
Joined: Apr 2005
Posts: 35
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

Re: incentive and their masters #157143
09/27/05 07:22 PM
09/27/05 07:22 PM
P
Pat@Amber  Offline
Member
Joined: Aug 2004
Posts: 106
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
Re: incentive and their masters #157144
09/27/05 07:25 PM
09/27/05 07:25 PM
P
Pat@Amber  Offline
Member
Joined: Aug 2004
Posts: 106
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).]


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