Total compensation for 2021

Discussion in 'Flatbed Trucking Forum' started by basedinMN_, Jan 7, 2022.

How do these figures look?

This poll will close on Aug 8, 2022 at 12:34 AM.
  1. Too low

    3 vote(s)
    15.0%
  2. Fair

    13 vote(s)
    65.0%
  3. Generous

    4 vote(s)
    20.0%
  1. basedinMN_

    basedinMN_ Light Load Member

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    Jan 21, 2011
    St Paul, MN
    0
    My company gave me this pretty little report detailing my compensation for 2021. How do these numbers look for a 4th year driver doing local flatbed work? Low? High? About right? I averaged 52 hours per week. 90% of my loads were steel coils or plates, and probably half of them were tarped (coil tarp(s) or 4ft tarps).
    My gut says these numbers are pretty fair, but sometimes I wonder if there's easier money out there.
    I also wonder what you owner ops have left over after all your truck and administrative expenses. Is it comparable?
     

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  3. basedinMN_

    basedinMN_ Light Load Member

    154
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    Jan 21, 2011
    St Paul, MN
    0
    By the way, if you divide the total compensation ($106,802.09) by the "hourly" rate $51.35, then again by 52, that should tell you the hours worked per week. Well in this case that number is 40. Obviously the true number is higher than 40 hours, so the true "hourly" compensation is less than $51.35...
     
    mitmaks, truckdriver31 and cke Thank this.
  4. Pamela1990

    Pamela1990 Road Train Member

    1,820
    10,685
    Nov 7, 2021
    B.C. Canada
    0
  5. truckdriver31

    truckdriver31 Road Train Member

    6,935
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    Sep 18, 2013
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    1A8A6AB7-80C8-464E-87AD-4B001189BB77.jpeg 9BD15109-ABD5-4996-9572-588E83280F35.jpeg all i had to do was drive and take polls of fried chicken livers vs fried gizzards with wedges
     
  6. Crude Truckin'

    Crude Truckin' Alien Spacecraft

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    Oct 22, 2016
    North Dakota, Eh?
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    What kind of Mickey Mouse report is that? Looks like something the owners 20 year old kid would dream up just to make it look like they're giving you the farm.
     
  7. Pamela1990

    Pamela1990 Road Train Member

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    Nov 7, 2021
    B.C. Canada
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    I mostly agree.
    But the owners kid was more likely 6, not 20.
     
  8. blairandgretchen

    blairandgretchen Road Train Member

    10,295
    47,543
    Dec 9, 2011
    South west Missouri
    0
    That’s what I came up with.

    That’s an odd ‘presentation’ with the whole pie chart deal.

    Say 50 hours a week, 50 weeks of the year - it’s about $30/hour.

    That’s not bad - is it?
     
  9. God prefers Diesels

    God prefers Diesels Road Train Member

    3,414
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    Jun 26, 2020
    South Texas
    0
    "Non-cash compensation"?? It looks like they want you to thank them for paying their part of being a W2 employer.

    "Just look at all the cost we incurred on your behalf that you didn't have to pay!!!" Either the person that puts this together is an idiot, or he thinks truck drivers are.

    Otherwise, it seems like good money for hours worked.
     
  10. basedinMN_

    basedinMN_ Light Load Member

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    Jan 21, 2011
    St Paul, MN
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    That's how I felt at first, but now I'm glad it was broken down this way. Like, there's not a 401k match at my company, so I have to self fund that completely. If an opportunity were put there promising $75k but a 6% 401k match, well that's $4500 bucks and would be a lateral move. Same deal if another place offered $90k with dogsnot benefits. Having the total number including benefits makes it easier for me to do an apples to apples comparison with other jobs out there.
     
  11. basedinMN_

    basedinMN_ Light Load Member

    154
    219
    Jan 21, 2011
    St Paul, MN
    0
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