|
|
|
|
|
by scriptman
3156 days ago
|
|
When annual salaries get reported in this context, you have to watch for the pea and the thimble trick where they take the base hourly rate and multiply that by standard hours to arrive at the annual salary, but nobody actually gets paid this amount. This is because the base rate leaves out all of the various loadings that are applied under different circumstances. There are so many circumstances for loadings that the base rate becomes meaningless. Overtime is only one way to get paid more than the base rate. Also, overtime becomes a meaningless word when you can get overtime just for working slightly non-standard hours, as opposed to working extra hours. The agreements are written in a way that makes it really hard to calculate what a worker is actually likely to get paid annually. The only way to be certain is to look at the worker's group certificate for tax purposes. So, while what Senator Carr said was probably technically correct, it was also meaningless since I would suggest that no worker was actually paid that amount in a year. It would be more meaningful to ask what the average amount on a worker's group certificate was. |
|
> It would be more meaningful to ask what the average amount on a worker's group certificate was.
I think a better figure yet would be the average amount per FTE.