Need advice- Stay CPM or move to salary?

Discussion in 'Experienced Truckers' Advice' started by Feather.579, Oct 14, 2020.

  1. Feather.579

    Feather.579 Bobtail Member

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    Sep 23, 2020
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    Hey everyone.

    I've been with my company for 4, almost 5 months now. I have had a great time with them so far. Currently I am paid .50cpm with a .02cpm fuel and safety bonus. The bonus is paid monthly and I've hit it every month, so basically I'm paid .52cpm. Reefer company, so there is sitting time. Detention is paid after 2 hours. I currently average 1200-1400 Gross. However, there have been 3 pay checks that were around 1k gross

    My company opened a new program allowing us to choose between our CPM or a salary position. *NOT a guarantee, a SALARY, meaning even if you run more you can't make more*.

    I do not have to ask for detention if I move to Salary, also don't have to worry about break downs etc because everyday I'm away from home I'll be paid. The salary is $1,225 per week flat rate. I still get the .02cpm safety bonus, so that's about 50ish a week extra

    I am trying to buy a house so I think the bank would like the salary. All my other benefits remain the same. I kind of like the idea of not having to worry about breakdown/ detention etc but I was wondering what your insights would be on this, and if I should accept moving to salary or stay where I am.
     
    Last edited: Oct 14, 2020
    David Hunter Thanks this.
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  3. Brettj3876

    Brettj3876 Road Train Member

    In your shoes trying to buy a house I'd prob opt for the 1225 salary. I personally hate sitting and giving up my time, like you know that happens a lot at big grocery DC's
     
    autopaint and Feather.579 Thank this.
  4. Brettj3876

    Brettj3876 Road Train Member

    Yeah some weeks on salary that you run hard you'll be making a tad less but lots of weeks you won't hit that with mileage pay
     
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  5. Feather.579

    Feather.579 Bobtail Member

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    I'm honestly leaning that way, but I am just trying to see other view points on it. Thank you for your thoughts!
     
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  6. Long FLD

    Long FLD Road Train Member

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    Lenders will like the salary over mileage pay. If I were in your shoes I’d sit down and figure out your average pay over the last 5 months. You may not be giving up as much as you think.
     
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  7. Trucker K

    Trucker K Light Load Member

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    It comes down to you as a worker. With some people they can always work hard each and everyday to strive for more money so their mindset is work harder for more and they fit into the cpm category. The other type of person just works to get by and doesn't care on making more just enough so they enjoy salaries. Since you want to purchase a home you're probably looking towards earning more money. Just my 2 cents.!
     
  8. Feather.579

    Feather.579 Bobtail Member

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    Thank you. I personally see it as a cut back because I can't work harder to earn more, but bank wise I see it as a positive for the time being. Still making up my mind. Thank you for the insight.
     
  9. Trucker K

    Trucker K Light Load Member

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    Yes, for most banks salaries regarding mortgages is what they looks at (Base Annual Pay/Salaries) I just purchased a 2nd home last year and even though o made $88k they looked at my Base pay for the year of $80k (which I thought was not fair considering I've always strive to earn 5% more Annually for the last 5 years and did accomplish it). However, IMO I work Locally & Regionally and paid hourly. Back in the days whiles driving OTR I was able to hustle more mileage and more P&D's so it was worth my while to stay non salary and just cpm.
     
  10. LtlAnonymous

    LtlAnonymous Road Train Member

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    So over the last five months you've made somewhere between $23,400 (1200*4*5-600) and $26,800 (1400*4*5-1200). We will just keep everything nice and round, and assume there were four weeks per month.

    If you went salary, your income over that same period would be $25,500 (1275*4*5) assuming you earned the safety bonus. That salary is either $2,200 more than your current minimum, or $1,300 less than your current maximum.

    Chances are, you would stand to gain from this. And you would also be a lot less stressed.
     
  11. ZVar

    ZVar Road Train Member

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    The company isn't doing this out of the goodness of their hearts, so...
    How will the runs be split up? Will the CPM guys start getting the short runs with long delays? From a pure business sense that's the best way to go as they will be able to pay the drivers less. From a driver retention sense, well the companies that care are few and far between.

    Also how will they handle if you need a couple short days? Not everyone can run 70 / wk and not burn out. Sometimes a short 300 mile day is in order just to let yourself relax. I'd definitely look hard at the salary option but find out how many hours vs. how many hours you already put it.
     
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