Want to stay broke? Work for Conway!

Were you the Conway going 40 mph in a 70 with your flashers on because the roads were wet on Tuesday?

 

Just to add some color... When Con-Way pays an employee $55,375, they also pay the following in benefits:

$1,065 - vacation
$1,938 - retirement
$2,304 - health insurance (estimated based on comparable 'bronze' plan --$244/month-- less $12/week employee contribution)
$4,476 - worker's comp (estimated based on trucking industry quote)

plus $4,236 in FICA

...So they pay $69,374 to give you $55,375 (and I'm probably missing some costs too).



Just something to think about (especially for those considering becoming an "independent" contractor).

 

DY, are you saying the pay you posted was post tax? I assumed it was gross not net.

 

Something that Surfer is neglecting.

This job (trucking), as he's finding out. Isn't for everyone.

 

55k was my gross. I haven't filed taxes yet, but my net should be a bit over 49k.

 

Not quite sure I understand; so $55,375 is AFTER deductions ( such as health insurance, retirement, and taxes ( since you mentioned FICA), and would be your "take home pay"?
Therefore, your gross pay was $69,374, as would be the total on your W2's?
And, to the best of my knowledge, workers comp is paid 100% by the employer, not the employee and is required by federal law which applies to any and all employers.
I wouldn't consider workers comp as a "benefit".
BTW, ( here's a cute little Obamacare tidbit) that "Bronze" plan for $244.00 a month doesn't pay any benefits whatsoever until the deductible of $6000.00 is paid in full by the insured.

 

Double, you made $55,375. Period. NOT $69,374.
There is a difference.
Of only about $13,999.00.
Come on, man!

 

Because of tenderhearted fools convincingly arguing for individual sacrafice for the collective good, I received only 55k of the 69k that Con-way paid. Actually 51k because of that 55k, I had to pay an additional 4+k in FICA (on top of the 4+k conway paid)

Now I'd rather have that 18,000 in hard cash. I think most people would. That's what Conway would have paid me in a free market...

The evaporation of that 18k is just what happens when we cover the cost of every lifelong disability so jumping jimmy can egress using 0 points of contact & we force squandering sam to invest 12+% of his income into a government retirement plan he may not even live to see.


The lesson is to be doubly, nay triply shy of anyone suggesting that they have a plan to protect workers from their employers (& themselves).

 

Joe, I want to thank you for starting this thread! Without you, I might not have joined the Conway team!

 

What percent tile are you in? at 55k gross no way is it 49k net...