Jones-bones-boots

Jones-bones-boots t1_jeeqlmq wrote

Reply to comment by shaballabadingdong in Major change in compensation plan at work. I need help understanding it and if I am making the same money. by [deleted]

Well, if you are a valued employee it wouldn’t hurt to ask for a raise. Perhaps you could go in after speaking with an accountant armed with how their changes effect you financially and tell them you’d love to work something out because of how much you do love love working for them. Understand that losing and replacing an employer cost a ton of money so if you went in there valuing them they’d be motivated to compromise.

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Jones-bones-boots t1_jecn3vr wrote

Reply to comment by shaballabadingdong in Major change in compensation plan at work. I need help understanding it and if I am making the same money. by [deleted]

So you were providing the service as a subcontractor while they got 40%. What are they bringing to the table for that 40% and now closer to 50%?

Thing is whatever you are doing is worth $100 an hour. Would it benefit you to pay someone else perhaps 15% to get the clients? I have no idea what it is that you do but it’s obvious that if you could get the clients from someone else at less than 40% a job that’s what you should do. I’m sure there are plenty of opportunities to do that but your just not business minded which is ok. You weren’t trained that way but think bigger for yourself. You’re the one with the needed skill here.

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Jones-bones-boots t1_jeazx65 wrote

Reply to Major change in compensation plan at work. I need help understanding it and if I am making the same money. by [deleted]

I think the employment tax as an independent contractor is 15.3% or something like that. As a W2 employee you pay 1/2 that or around 7.65%

So you would multiply what you could make as a W2 employee by 1. 0735. In your case $1225 x 1.0735 = 1315 a week. So it seems to me you’d be making less overall.

Are you getting any benefits that could make up for that difference?

Now…don’t take my word on any of this. This is just from my very limited understanding. I’m hoping someone will chime in to say if I’m on point or not.

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Jones-bones-boots t1_j9cgbas wrote

Reply to [Text] I’m very happy, so I have no goals?! by Mooberry_

You probably are feeling that you should have a goal instead of actually wanting one. We usually strive for goals so that we feel success. Nobody is more successful in life than one who is grateful and happy.

Maybe you should just take up a new sport or interest. You may just be surprised where that takes you.

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