What is important to you in a driving job?

Discussion in 'Experienced Truckers' Advice' started by MercuryLine, Oct 6, 2021.

  1. CargoWahgo

    CargoWahgo Road Train Member

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    Mine was being left alone and not sweating.

    If I'm talking on the phone with you more than twice a month a third is going to be searching for a road test somewhere else.

    Send me the loads with all the info needed and don't talk to me unless it's a meet and greet for customs paperwork and we are good.

    I would gladly choose otr over a 100k ups job anyway. Local made me want to gag.
     
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  3. Mr Uturn

    Mr Uturn Light Load Member

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    For me its all about the money first.
    The more BS i have to out up with. Or places and things i dont want to do. The more it will take.
    But the right amount of Benjamins can talk me into it.
     
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  4. Moosetek13

    Moosetek13 Road Train Member

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    I didn't go through all the replies so... just asking...

    When you say + per diem at $66 per day, do you actually KNOW what that means?
    Because how you say it, it seems like you think that it is above and beyond the actual pay.
    It is not.
    Per diem is not added pay. It is a portion of the pay deducted before the tax is calculated, then a certain amount is added back in as non-taxed income.
    That portion is not counted as taxable income, so it appears to the bean counters that you are getting a lower wage.
    The company makes a profit on it on both the front end and the back end, because for them it is only a line item on a spreadsheet and they give back less than they take.

    Never use per diem 'pay' as an incentive.
     
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  5. MercuryLine

    MercuryLine Light Load Member

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    Thank you for this insight. So just to clarify- if I was doing 65 cents per mile, 50 cents wages and 15 cents will be per diem, that means that it will be miles * 65 cents per mile, 15 cents/mile of which are not taxable, correct?

    So lets say 2500 miles a week
    Wages: 50 cents per mile = $1250 in taxable income
    Per diem: 15 cents per mile = $375 in non taxable income
    Approximate tax withholding on taxable 50 cents per mile = $272

    Take home pay= $1353, correct?

    I am still a bit confused why its not an incentive, I would love if you could go into detail on that. I know that the company saves money because it has to match the employment tax, and that is based on taxable wages. But the take home pay for the driver is larger because not all of it is subject to withholding. I know some people dont like per diem because of Social Security, but I am sure I am missing a ton of other reasons why per diem is not popular among some individuals. Would love your thoughts!
     
  6. Redtwin

    Redtwin Road Train Member

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    Per-diem is an incentive for me. It makes a noticeable difference to my take home pay.

    Sure it reduces SS, but who knows if that will be around 15-20 years from now. I would rather get extra take home and save or choose where to invest it for retirement.
     
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  7. MercuryLine

    MercuryLine Light Load Member

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    I would tend to agree with that that's why I want to implement per diem in the compensation breakdown. The one thing I have no idea about is how do you get compensated if there is no per diem? Just keep receipts and the employer pays you back with the paycheck (minus tax withholdings)? I am trying to decide whether to just implement per diem for all or to let every driver choose :)
     
  8. Redtwin

    Redtwin Road Train Member

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    Latest tax plan did away with company drivers claiming per-diem. Only way to get it is to be self employed or have an employer scheme such as per mile.

    When I could claim per-diem it was more than through the company in plan.

    I guess you could give drivers the option of not being part of your per-diem plan. You would need to talk with pros to see how that would work.
     
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  9. Moosetek13

    Moosetek13 Road Train Member

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    I think you should speak to a CPA about it.
     
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  10. Dennixx

    Dennixx Road Train Member

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    Security for the future is most important for me.
    Strong leadership from the big chairs.
    Affordable benefits.
    A good pension or profit sharing.
    A strong 401K match and a company stock w a history of growth.
    And respect for the people that create the revenue that allows growth.
    Every thing else is adaptable.
     
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  11. Moosetek13

    Moosetek13 Road Train Member

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    There is no security in an uncertain future.

    Every leader is strong in the eyes of those that follow that leader, and to the leader themself.

    Affordable is relative.

    Means nothing if the company goes south.

    Same thing. The stocks could tank. History means exactly nothing.

    Define the people that create the revenue that allows growth.
    Are you to respect them more for giving you the job, or they for you because you do the grunt work?
     
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