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Hourly vs salary wages
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GrainTrader
Posted 2/26/2021 20:26 (#8860563 - in reply to #8860204)
Subject: RE: Hourly vs salary wages



20 Miles West of Indianapolis Indiana
How about a flex?

Say your basing them on $20 an hour and 2000 hours a year total. So $40,000 is the expected salary.

Pay them $770 bi weekly ($20,000 \ 26) and then $10 an hour and offer them time and a half based on the $10 in the busy season.


I got that idea from my current job in town at the steel mill. I make an hourly wage, and then a hourly bonus based on our production for the week. If I make $10 an hour and we run 110% of our bogey, I make $21 an hour. There are weeks we make 140% bonus and there are weeks we make 70% (my worst was 45% I think and the best ever was 160%). We currently average 89% I think.

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