Factory work.
Our health insurance package is around $25k/yr.
I pay $4k of that.
Our lowest starting wage is (way too low currently) $14/hr
So a family guy is going to earn $28k, and cost $21k just in insurance.
Match his SS, his pension is around $2.50/hr, he gets $50k life insurance,
short term disability, vision and dental at no cost. Throw in the cost
of Workmans Comp, pretty soon that guy at $14/hr is actually costing
upwards of $30/hr. Due to so many costs being fixed, our $27/hr rate
actually looks somewhat better. In the pay to cost ratio.
One bad thing in the factory where I am on the maintenance side so it is a bit different than on the assembly, paint, weld, material handler side of things is that they are starting help within a buck or 2 of what seasoned help is.
Hard for good help that been here a while to want to stick around. Piece work welders are $18.50-20 an hour DOQ. Guys that have been here 4 or 5 years are barely over $20 an hour. Talk about a poke in the eye.
If these guys knew what we made in maintenance they would schitt squealing worms.
Like posted earlier, take care of the good help and quit hiring new help on a weekly or daily basis.
