How much an hour should I be paying this employee?

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Jane Marpl

Here are his tasks:

1. 80% of his time is spent on data entry
2. 20% of his time is spent on creating little programs with Access Base.
3. We let him upgrate his PC knowledge during work hours.
4. He does not speak much English.

Answer
1. Does he have a family, wife, kids?
2. Does he drive to work, own a car?
3. How old is he, educational background?
4. How long has he been here?
5. What will he work for, $$ ?
6. Is he responsible for his own keep?
7. How many hours a week, any chance for overtime?
8. What could the future with your company entail?
9. Can somebody else replace him in a heartbeat?

Gas at four bucks a gallon and rising expotentially, milk at 4.27 at walmart. The price of montly car payments, does he pay rent, car insurance, health insurance??, a prescription of antibiotics?, children?, wife?, pampers?, electric bill, stamps?.. How do people make it anymore on minimum wage... How do people make it at 4.00 over minimum wage?... How do I make it?...Aiiiyyyyyy!!!! Im drowning...glubblubblub...

What can he get by with without having to steal for a parttime job?... October 24th of 1938 the first federal minimum wage went into effect. it was .25 cents. The following year on the same date it went to .30 cents. It's currently at $5.85 and will go to $6.55 next month on the 24th. In 2009, the last federally mandated minimum wage increase will happen again on July 24th when it goes to $7.25. I don't know where you live but here is a State minimum wage list which varies from the Federal a little bit. http://www.laborlawcenter.com/state-Minimum-Wage-rates.asp (Copy and paste that). Personally Jane, I don't see how a one (1) person family can live on it and not be afraid to answer the telephone for listening to bill collectors. And $1.00 an hour more...or $120.00 a month more won't do much to keep them off of antidepressants if they could afford to get them somehow. If he was my employee, based on what you say he does, and the minimum amount of information that I had to make the call... I'd say maybe enough so that after taxes, he takes home $250.00 a week. That is if you can afford it. If not, then go less... But remember, you are the primary one responsible for anybody's life...(that's not coming out right)... that works for ya... if you know what I mean. Good luck, and I hope everything works out fine. PS... $6.55 x 40. = $262 less taxes is about what?... 200.--220? $262. x 52 = $13,624. Here are the 2008 Federal poverty level figures, I share them just for your awareness, and I think if somebody falls under those numbers, they may qualify for certain government assistances, not that you as an employer should or should not take that into consideration. http://www.atdn.org/access/poverty.html

You sound like somebody that would be fun to work for. You obviously care enough to concern yourself with fairness. It probably wouldn't be a fair question to ask yourself, how much you would require to work for you?...lol...assuming you could put up with ya. giggle

Building an emergency fund with little income?

polished

I have a budget, but we squeak by every month. We now have $60 in savings that I've scraped together.

DH is a grad student and his future prospects are at about $40-50K, hopefully he'll be employed this coming fall. I am a SAHM. We have no payments beyond rent, electric, phone right now, although I do make very small interest payments on my deferred student loans ($5 every couple months). We REALLY need an emergency fund, start saving for retirement, would like to buy a house (someday??) and our car is 9 years old with almost 150K miles on it - and very testy. Where do I start? Should I just try to keep scraping a few dollars here and there together until DH starts working? Or should we take out one last student loan (unsubsidized $5K) to use as an EF? Or something else? I'm very concerned right now because the check engine light came on in our car today!

Answer
Polished,

First, you know this is NOT going to last forever. And good for you for thinking carefully and far ahead.

Here are some ways you can save money and put the difference into your EF:

Decrease the hot water heater temperature by 5 degrees.
Increase the notches in the fridge and freezer by 1.
Walk when you can with the kids (to the post office, etc.).
USE COUPONS!
Turn your heat on 68 and wear sweaters.
Showers instead of baths.
Candles instead of lights (after the kids are asleep)
Are you getting the cheapest deal from your phone company? MCI has extremely competitive rates, and they give you a full months credit when you have a complaint.
When you clean out your fridge, make stew (sounds trashy, but that was the best stew I ever made).

Put your coins aside in a box or something. At the end of the month, take them to the bank and put them in your savings account.

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Title Post: How much an hour should I be paying this employee?
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