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#42375 09/20/04 06:58 PM
Joined: Aug 2004
Posts: 186
N
Member
(but I can guarantee you that the employee making $20 per hour IS NOT making $45 for his employer)

How can you go ahead and state such, with out having a clue as to what a boss is charging for him man hours! i work in jersey and i can assure you there are employers out there making that! Welcome to jersey over priced over worked and under paid!

#42376 09/20/04 07:04 PM
Joined: Feb 2004
Posts: 494
M
Member
here is a job offer we got today..you think these guys arent getting top dollar?

The following are the details of this assignment:

Job Site:
Manhattan, NY

Assignment Duties: Your scope of services may include, but is not limited to, providing and/or performing Electrical Turnover Coordination and assisting the Lead Electrical Startup Engineer for initial startup and operation of the Project. The clients authorized manager will provide work schedule and daily assignments.

Assignment Start Date and Duration: Your assignment is expected to begin on September 21st, 2004 through October 19th, 2004. This is subject to modification by the client. Your assignment is anticipated to have a total duration of approximately 4 weeks at 50 hours per week for as total of 200 hours. Your assignment is “at will” and can be shortened or terminated at any time for any reason. The duration of the assignment may be extended at the client’s request.

Pay Rates: Straight Time: $26.00 per hour
Non Billable Per Diem $8.00 per hour
Per Diem $175 per day

Note: You will be paid at the straight time rate for all hours worked.

Mobilization/Demobilization: Travel expenses and travel time each way (not to exceed 8 hrs/day for one (1) day) may be reimbursed for mobilization from your point of origin to the site and demobilization to your original point of origin () . Travel expenses include $0.36 per mile, lodging, tolls and meals (up to $35.00 per day, with receipts). Expenses will be reimbursed with the weekly payroll.


not a bad deal..but wage is low

mustang

[This message has been edited by mustangelectric (edited 09-20-2004).]

#42377 09/20/04 07:13 PM
Joined: Sep 2004
Posts: 138
R
Member
$26 in Manhattan? Seems way low. I guess, there's always someone willing to do it cheaper.

#42378 09/20/04 07:24 PM
Joined: Feb 2004
Posts: 494
M
Member
roy,
thats $34 but it should be about $38

-regards

mustang

#42379 09/20/04 07:26 PM
Joined: Jan 2003
Posts: 1,429
L
LK Offline
Member
Where does this making $45 for the company if the employee is getting $20 come from?

$20 Then add employee direct cost for tax and benies. now you have $38 your actual cost for the employee each hour, now add the overhead of $26 per hr. and that is for bare min operating. , now we have $61 still no profit yet, so if we add $6.00 to it then we can ask $70 per hour with O'Boy $6.00 profit per hour, Wow let me plan my vacation for a round the world trip.
Oh, if for any reason this employee works for less then 5.5 hours that day, then there is no profit and we end up paying for the lost time.
If the employer is making $45 an hour he must be charging at least $110 an hour, which may be the case, we can't get $110 in this area.



[This message has been edited by LK (edited 09-20-2004).]

#42380 09/20/04 07:28 PM
Joined: Sep 2004
Posts: 138
R
Member
Thanks mustang. I must be a negative person, only seeing the smallest amount. [Linked Image]

#42381 09/20/04 07:32 PM
Joined: Feb 2004
Posts: 494
M
Member
hey i did not say what the employer was doing with that..

go to enr and look a the top 100 elect contracting firms in the nation...how do you think they get all that cash? off parts? some of it..but BILLABLE HOURS is where the cash flow is..

sorry

mustang

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