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#11
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The actual cost of any employee is their salary/wages plus (benefits if
any) plus a share of the overheads that are required to keep that employee, (eg offices/buildings, support-staff, utilities, etc, etc, etc) Depending upon the industry, the real cost of an employee to an organisation is somewhere between 2 and 4 times what the employee is paid. It's funny to read you guys in "the corporate world" struggling to define how much an employee is worth. I see all these arcane formulas, and multipliers, and what have you, in an effort to quantify what work really is... The conversation brings back many bad memories of attending weeks-long budget sessions back when I was a corporate whore. We'd sit there for hours on end, listening to this kind of stuff, nodding sagely and desperately hoping to survive until the cocktail hour... As a small businessman, on my third business, I will verify for you that this is all crap. I'm here to tell you that there is only one way to define what an employee is worth, and that's "How much work do they do?" If the answer is "A lot", the second question to ask is "Can I get someone to do the same work -- or more -- at the same quality, for less money?" In the world that I inhabit, those are the only two things that matter. In the world of Big Gubmint, it appears that these questions are rarely (if ever) asked (it's much easier to invent a multiplier, divide the total budget allotted by the multiplier, and then arrive at a number of people to be hired, rather than do any actual analysis) but it appears that someone in the Bush Administration is actually asking them with regards to ATC. If I were an air traffic controller, I'd be taking a real hard look at this, before someone else decided it for me. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#12
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john smith wrote: What company pays future pension payments for current employees? Every company. A certain amount of money must be deposited in a special fund every year for every employee. The amount varies from year to year based on the amount of interest the funds generate. The Federal government specifies the formulae for calculating the amount. George Patterson Brute force has an elegance all its own. |
#13
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What company pays future pension payments for current employees?
Every company. A certain amount of money must be deposited in a special fund every year for every employee. The amount varies from year to year based on the amount of interest the funds generate. The Federal government specifies the formulae for calculating the amount. ??? This is news to me, George. Only thing I pay into that even remotely fits this description is Federal Unemployment 940 tax (FUTA). -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#14
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Jay Honeck wrote: Only thing I pay into that even remotely fits this description is Federal Unemployment 940 tax (FUTA). Last time I looked, you weren't a "major business (like AT&T, IBM, etc.)". George Patterson Brute force has an elegance all its own. |
#15
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To be honest, Jay. A million bucks just doesn't go very far these days.
Send it my way -- we'll make a small fortune out of it! -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#16
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"Jay Honeck" wrote in message news:Arq%a.156238$o%2.65939@sccrnsc02... [snipped] If I were an air traffic controller, I'd be taking a real hard look at this, before someone else decided it for me. -- What's the point anymore? Someone else is gonna decide for air traffic controllers anyway. Down here we figure that we can't fight it, you people don't care anyway (we're overpaid, underworked, replaceable whiners) and no one will give two shakes until the first major mid-air after we get privatized (at which time everyone in government will wring their hands and point fingers at each other). Not much we Federal controllers can do as the FAA sells off the NAS to the lowest bidder except plan for early retirement. Come 2007 we're gonners. Chip, ZTL ----== Posted via Newsfeed.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeed.com The #1 Newsgroup Service in the World! 100,000 Newsgroups ---= 19 East/West-Coast Specialized Servers - Total Privacy via Encryption =--- |
#17
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"Chip Jones" wrote in message ...
What's the point anymore? Someone else is gonna decide for air traffic controllers anyway. Down here we figure that we can't fight it, you people don't care anyway Tsk, tsk Chip. Expect airdrop of Swede Momsen memorabilia you can read during wee-hour feeding. (for those who have no idea who Swede Momsen was http://www.onr.navy.mil/focus/blowba...en/default.htm though it doesn't quite do him justice) You can fight anything. It's just a matter of whether you believe it's worth fighting enough to figure out how. I'm not judging, mind. These things take immense amounts of energy and time. Famous saying "when up to your ass in alligators, it's hard to pursue goal of draining the swamp" applies. Sydney |
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