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MNWC

  • Posts: 1549
How much do you make out of your employees
« on: January 14, 2011, 04:16:42 pm »
As above really.

After all expenses ie van,fuel,wages etc how much profit do you get out of your employees.

just worked mine out and wanted to see if it tallys up with others.

Thanks.

Marcus


MNWC

  • Posts: 1549
Re: How much do you make out of your employees
« Reply #1 on: January 14, 2011, 05:14:04 pm »
36 views and no reply s  ???

formb

Re: How much do you make out of your employees
« Reply #2 on: January 14, 2011, 05:37:21 pm »
36 views and no reply s  ???

60 now..........


supernova77

  • Posts: 3547
Re: How much do you make out of your employees
« Reply #4 on: January 14, 2011, 05:44:40 pm »
Quote
As above really.

After all expenses ie van,fuel,wages etc how much profit do you get out of your employees.

just worked mine out and wanted to see if it tallys up with others.

Thanks.

Marcus

Marcus - You haven't said how much you make from your employees?

I doubt many would be willing to divuldge that information on a public forum?

Andy

MNWC

  • Posts: 1549
Re: How much do you make out of your employees
« Reply #5 on: January 14, 2011, 05:51:37 pm »
As a percentage its 47 %

I forgot everyones talking about diets  ::) ::)

gordonswindows

  • Posts: 563
Re: How much do you make out of your employees
« Reply #6 on: January 14, 2011, 05:53:54 pm »
We charge flat rate 2.5 times the costs

Gordon
Don't Give Up
@askforthemoney

david thomas

  • Posts: 257
Re: How much do you make out of your employees
« Reply #7 on: January 14, 2011, 06:13:16 pm »
20% based in Blackpool depends where you live 

Sean Dyer

  • Posts: 2947
Re: How much do you make out of your employees
« Reply #8 on: January 14, 2011, 06:18:40 pm »
47% you take home after taxes etc or is that the margin after overheads?

id imagine its a good rate whatever!

Lee Pryor

  • Posts: 2287
Re: How much do you make out of your employees
« Reply #9 on: January 14, 2011, 06:42:43 pm »
I pay my staff 25% of whatever they turn over each day so that leaves me 75% which pays for everything else
The best way to predict the future is to create it.

Re: How much do you make out of your employees
« Reply #10 on: January 14, 2011, 07:01:43 pm »
So, if i shared a van with an employee as a number two, and we achieved £350.

25% of £350 is £87.50.Half for me, half for him, £43.75 each.

Is this, in very simple terms, correct?

MNWC

  • Posts: 1549
Re: How much do you make out of your employees
« Reply #11 on: January 14, 2011, 07:17:58 pm »
47% after expenses ie wages,insurances,fuel,road tax etc.

steve rix

  • Posts: 816
Re: How much do you make out of your employees
« Reply #12 on: January 14, 2011, 11:42:09 pm »
So, if i shared a van with an employee as a number two, and we achieved £350.

25% of £350 is £87.50.Half for me, half for him, £43.75 each.

Is this, in very simple terms, correct?

I wish my employees would be happy with £45 a day!! Double that

steve rix

  • Posts: 816
Re: How much do you make out of your employees
« Reply #13 on: January 14, 2011, 11:44:21 pm »
£45 my blokes would string me up!!!!!! :)

alanwilson

  • Posts: 1885
Re: How much do you make out of your employees
« Reply #14 on: January 15, 2011, 12:29:08 am »
we work on the 3 times rule which is the normal with most businesses.  Our employees get 33% of what they do, so basically if he does 150 in a day he gets 50 of it but I pay them a minimum of 60 - they normally do at least 170 a day
I've never been to bed with an ugly bird but I've woken up with loads!

richywilts

  • Posts: 4262
Re: How much do you make out of your employees
« Reply #15 on: January 15, 2011, 03:29:15 am »
alan who does minimum 170 a day one man on own or is that a two man team
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

Window Washers

  • Posts: 9036
Re: How much do you make out of your employees
« Reply #16 on: January 15, 2011, 03:46:29 am »
we work on the 3 times rule which is the normal with most businesses.  Our employees get 33% of what they do, so basically if he does 150 in a day he gets 50 of it but I pay them a minimum of 60 - they normally do at least 170 a day
so they dont get 33% then Alan, 170 is 56.10
If your not willing to learn, No one can help you, If you are determined to learn, No one can stop you ;)

Ian Rochester

  • Posts: 2588
Re: How much do you make out of your employees
« Reply #17 on: January 15, 2011, 08:30:06 am »
Mine are paid a flat rate per hour plus a quarterly bonus.

I went down this route last year, before that they were paid purely bonus, however the negative for them was if they had a really bad week due to snow or similar they were making next to nothing and they weren't budgeting well enough to put something away for those times.

If the weather was bad in the morning they were just knocking off for the day as they weren't making anything, now I pay them for 7.5 hrs a day and it means that if the weather is bad in the morning I just tell them to sit it out until it improves in the day or I get them to do other work.

Their bonus rates are slightly lower now than previously as it's me that's taking all the risk, but they are guaranteed a wage every week regardless.

lyndy

  • Posts: 384
Re: How much do you make out of your employees
« Reply #18 on: January 15, 2011, 08:56:45 am »
Marcus think you are about right at 47%

david thomas

  • Posts: 257
Re: How much do you make out of your employees
« Reply #19 on: January 15, 2011, 09:12:23 am »
47% How? tell me please