Originally Posted by
mketch11
Funny how a bonus being rolled over into your hourly rate is considered a raise.
Technically it is. It's just a very very small raise.
Using 75 hours/month for a year. Not including per diem.
75hrs x 12 months = 900 hrs/ year
Old Pay
$38.66 x 900hrs = $34,794
New Pay
$50.21 x 900hrs = $45,189
Total Raise Per Year
$10,395
Old pay included a $20,000 retention bonus, paid out over 2 years making it $10,000/year of bonus
So that's a $395/year raise....making it a whopping $0.43/hour raise (approx)