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Owning and Operating a FedEx Ground ISP
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<blockquote data-quote="contractor wife" data-source="post: 3365984" data-attributes="member: 71131"><p>Advice</p><p>Use a certified payroll company. Overtime mistakes can cost you your contract. </p><p>IE: You pay a driver 15/hr. x 2080 hrs = 31200/yr. You would think that OT pay would be 15 x 1.5 or <u>22.50/hr.</u></p><p></p><p><u><strong>However if you have been paying out regular safety and/or service bonuses to your employees you MUST figure that compensation into the hourly wage:</strong></u></p><p></p><p>Example: Your employees regularly earn an average of 200/month in safety bonus. They don't always get it, but for 10 months they do. You must consider the additional 2000.00 in their hourly pay. 31200 +2000 = $33200/2080 = 15.96/hr</p><p></p><p>Overtime MUST be paid at 15.96 x 1.5 or <u>23.94/hr</u>. If you fail to do this then your are in violation of your contractual obligations as a FedEx ISP contractor. </p><p></p><p>Few ISP providers that do their own payroll will figure OT correctly if they are paying regular bonuses. BE CAREFUL and use a certified payroll company.</p></blockquote><p></p>
[QUOTE="contractor wife, post: 3365984, member: 71131"] Advice Use a certified payroll company. Overtime mistakes can cost you your contract. IE: You pay a driver 15/hr. x 2080 hrs = 31200/yr. You would think that OT pay would be 15 x 1.5 or [U]22.50/hr.[/U] [U][B]However if you have been paying out regular safety and/or service bonuses to your employees you MUST figure that compensation into the hourly wage:[/B][/U] Example: Your employees regularly earn an average of 200/month in safety bonus. They don't always get it, but for 10 months they do. You must consider the additional 2000.00 in their hourly pay. 31200 +2000 = $33200/2080 = 15.96/hr Overtime MUST be paid at 15.96 x 1.5 or [U]23.94/hr[/U]. If you fail to do this then your are in violation of your contractual obligations as a FedEx ISP contractor. Few ISP providers that do their own payroll will figure OT correctly if they are paying regular bonuses. BE CAREFUL and use a certified payroll company. [/QUOTE]
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