cost per hour. was Re: Maintenance Costs

[Richard West]

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Wim,

My guess is that most universities would use salary only as a basis to
figure an hourly rate, but I don't know that for sure.  There's also a
danger in doing calculations like this because having to figure hourly
rates seems to put our work in the clerical category rather than the
professional category which is always salaried.

One interesting factoid:  a person making a million dollars a year gets
paid $500/hour; someone making a billion gets $500,000/hour.

Richard West



Wimblees@aol.com wrote:

> In a message dated 5/30/02 9:09:14 AM Central Daylight Time,
> rwest1@unl.edu writes:
>
> The Maintenance cost is a very interesting thing. I am curious what
> others have to
> say about this subject.
>
> Richard said. "
>
>> 200 hours X $________/hour X 15 years"
>
> How do I figure out the my hourly rate?
>
> Here is something of interest. I just got a Staff Member Benefits
> Statement. It has all the usual stuff about my salary, employment
> date, etc. But on the second page is a list of all the benefits the
> school pays over and above my salary, including health and life
> insurance, workman's comp, retirement, etc. The total is almost a
> forth of what I make at the university.
>
> So when it comes to putting down the "hourly rate," it is not just the
> rate I get paid per hour, but the additional cost of my employment.
>
> Comments?
>
> Wim
>
>
>

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