kingOFchester
Well-Known Member
Some quick math to add.
As I sit here "no bennies" self employed other then UPS....I pay a little over 20k a year for good insurance. After paying for dental and eye, I know it is more then that.....but lets call it 20k.
Lets base this on a 5 year work term. (that is about how long I HAD planned on working at UPS) decided i wanted to go all in and become a driver....
INS kicks in after 6 months for us now. So after working 5 years I save 90,000.00 in insurance premiums, deductibles and meds.
Based on a 3.5 work day that is 4,550 work hours in the 5 years.
That means that I am earning an extra 20hr for the 5 years on top of pay.
If the said contract is correct and bennies will take a year and a half
New hire would now save about 70,000.00 in 5 years.
based on a 3.5hr work day that is 4,550 working hours in 5 years
That means the new hire will be earning an extra 15hr for the 5 years on top of their pay. That is a 25% decrease in pay. And that is based on a part timer staying on for 5 years. If they stay shorter....even more of a decrease.
As I sit here "no bennies" self employed other then UPS....I pay a little over 20k a year for good insurance. After paying for dental and eye, I know it is more then that.....but lets call it 20k.
Lets base this on a 5 year work term. (that is about how long I HAD planned on working at UPS) decided i wanted to go all in and become a driver....
INS kicks in after 6 months for us now. So after working 5 years I save 90,000.00 in insurance premiums, deductibles and meds.
Based on a 3.5 work day that is 4,550 work hours in the 5 years.
That means that I am earning an extra 20hr for the 5 years on top of pay.
If the said contract is correct and bennies will take a year and a half
New hire would now save about 70,000.00 in 5 years.
based on a 3.5hr work day that is 4,550 working hours in 5 years
That means the new hire will be earning an extra 15hr for the 5 years on top of their pay. That is a 25% decrease in pay. And that is based on a part timer staying on for 5 years. If they stay shorter....even more of a decrease.