Principal Financial-Remote work
- Thread starter pfgemployee
- Start date
Unions are reluctant to adopt new ways to increase company efficiencies as such efficiencies would lead to a lower population of workforce.
A union is there to make sure the contractors can’t screw people over. 10/10 they would pay less than they should regardless of how good your work is if they could. I get charged out at $100 an hour. I get $60 back in pay/benefits. Non-union they were charging me out at $100/hr and I was getting paid 26/hour for doing the exact same thing AND had to pay my insurance out of that. A few people who were there the longest were getting 30ish/hour. No matter how hard I worked, I would never make what I’m making now.
Seems to be different from my experience. We had a department at a location vote to unionize a few years ago. They ended up with near identical wages, no real added employee benefits (only a slight 401k match of 1% increase), but they now paid union dues and they no longer were eligible for annual bonuses. And we have started to see a drop in their customer service based on customer surveys.
Came here looking for more info on the PFG return to office mandate....
Any chance we can get back on that topic?
Any chance we can get back on that topic?
I had a coworker who spent the regular work hours drinking coffee, pontificating, and sexually harassing coworkers. Then he put in overtime to do subpar work and complain about his workload, and since we worked in the same area, they would reassign his work to me. Doing his work and mine didn’t pay off in any way. I would say “working hard” has nothing to do with hours worked and a lot more to do with efficient time management. But management just looked at all that overtime.
Not sure on construction but mechanics, electricians, plumber owners that I’m friends with said generally it’s 3x the wage that is charged. Meaning 40/hour works out to 120/hour. The old rule of thumb was 33% added on to the hourly wage for benefits to give you 53-54 to the worker at the 120 charge , but that’s been a few years ago. 62 to a worker at 100/hour seems like a tighter margin than what I’ve heard.
Overtime would be basically unheard of I’d think due to it being a losing situation.
No. But I will say there was a perfect storm of circumstances. I had all the leverage and used it to my advantage
I know for a fact that’s what they charge me out as for time/material jobs, I’ve seen invoices. Generally bids with overtime/night work have that priced in there which will raise the entire price the customer pays. The work I do, which is smaller, they are trying to get 20-25 percent profit. Really big jobs are looking at 4-7 percent profit.