Calculate Hourly Total Compensation

Discussion in 'UPS Discussions' started by SayWhat, May 5, 2018.

  1. SayWhat

    SayWhat New Member

    I have seen other discussions here that gave different dollars amounts for total compensation. I know it is not the for everyone. But, what is the breakdown of the different components per hour?
    Example: Salary + Medical(medical,dental,vision) + Leave(vacation, sick days,holidays)
    + Disability(short&long term) + Life Insurance + Social Security + Retirement +
    Workman's Comp. + Unemployment Insurance = Total Compensation.
    Pardon me if I missed anything. If no one has an answer, where can I get this information? Who does have this information? HR is not the answer.
    Thanks.
     
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  2. It depends on how much you make per hour, if you are full time or part time and how majm years of service for your vacation pay.
     
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  3. Johney

    Johney Well-Known Member

    I remember being told many years ago that it was $10 more per hour for a 20 year employee. Not sure if that was true or not.
     
  4. oldngray

    oldngray nowhere special

    No simple answer.
     
  5. I'm sure the number is larger now.
     
  6. SayWhat

    SayWhat New Member

    Article 34 gives annual increases like fifty cents and a dollar each year. However, it does not indicate whether it is an hourly increase (I think so) or what? Also, what is that amount added to.
     
  7. PACNW

    PACNW Member

    Almost $54hr for a driver in my area. That's just wage/health/pension. No idea with all of the other factors.
     
  8. Tony Q

    Tony Q Well-Known Member

    Between health and welfare, pension, and wages its almost fifty nine an hour for a driver who is through progression. I believe the you add around twenty one dollars and fifty cents per hour to your hourly rate of pay. Part-time workers are at around fifteen and she change.
     
  9. Benben

    Benben Working on a new degree, Masters in BS Detecting!

    Opinions are like :censored2:s....everyone has'em and they all stink to everyone else.

    To the OP, you will not find a verifiable answer on this site. Just a bunch of opinions!
     
  10. barnyard

    barnyard KTM rider Staff Member

    I am pretty sure that you can click a 'total compensation' link at UPSers and get the answer.
     
  11. SayWhat

    SayWhat New Member

    upsers.com does not have it on their site. HR gives an answer no better than some of answers posted here. Maybe the combined answers posted here might get very close, after researching them all.
    Who knows someone might even surprise us with a definitive answer.
     
  12. oldngray

    oldngray nowhere special

    Nobody can give you an exact answer because its not the same for everyone.
     
  13. SayWhat

    SayWhat New Member

    Sorry, I usually just read post. Am I supposed to reply to all the replies. Did not mean to disrespect anyone.
    I am getting some helpful info.
     
  14. SayWhat

    SayWhat New Member

    True oldngray, my bad. I attempted to say that in my original post, however I left out the word "same" in the second sentence. My typing SUCKS. Maybe an exact equation(formula) with some of the guidelines on how get the hourly value for each component(variable).
     
  15. Yaba Daba Do

    Yaba Daba Do Donkey Punch Extraordinaire

    I have heard that it is another $19-$21 /hr on top of our hourly rate for full time drivers.
     
  16. 1989

    1989 Well-Known Member

    Different areas have different payment structures. The more hours you work the less it is.
     
  17. Wally

    Wally BrownCafe Innovator & King of Puns

    No Dr Evil gif?
     
  18. Indecisi0n

    Indecisi0n Well-Known Member

    Math is for stupid dummies
     
  19. 35years

    35years Well-Known Member

    I don't believe you.
    Member since 2007.
    First posting in 2018 during contract negotiations.

    OK mr. management troll, your next question...

    Is it true UPS drivers are the best paid in the industry?

    So tell us what you do at UPS and why you are so curious about our compensation...

    And answer this for me...
    What is David Abney's total compensation per hour worked?
     
  20. zubenelgenubi

    zubenelgenubi Well-Known Member

    Let's simplify this a little, if you want a total compensation dollar amount, eliminate everything that doesn't end up in my pocket eventually. It really doesn't matter to me if the company pays for something. If I can't spend the money, it's not compensation, it's a benefit. Social security can sort of be seen as compensation, because it pays out later, but it's really a tax to fund a government program, which is split between the company and employee. Workers comp and unemployment insurance are to minimize employer's costs, and only compensate anyone if they get hurt on the job or lose their job respectively.

    The question you want answered is what is the company's cost of employment per employee? HR doesn't have a clue, they are supposed to keep the company from getting sued, a job they do poorly since they do nothing to reign in bad managers. You need to ask a finance manager, they should know the numbers backwards and forwards.