mitdr774 wrote:What about when there is an unexpected delay in incoming parts, or demand drops? I couldnt work a manufacturing job like that without a guaranteed minimum check. All it takes is one delayed truck to shut down an assembly lime in an auto plant. Imagine if your check was reduced because of that?There are plenty of people who do not have to imagine. Many of them are called business owners.
mitdr774 wrote:What about when there is an unexpected delay in incoming parts, or demand drops? I couldnt work a manufacturing job like that without a guaranteed minimum check. All it takes is one delayed truck to shut down an assembly lime in an auto plant. Imagine if your check was reduced because of that?down times happen, usually not because of incoming materials since we keep about 2 months inventory on the ground, but when the economy is suffering we take hit in pay. We still get a minimum paycheck. For me it's $15.45/hr if we don't run any steel. There's lots of formulas to determine what we make as bonus pay, but during normal times it's about 185% of my base pay (meaning I get $15.45 + (185% of $15.45)), but everyone knows this isn't guaranteed. I've seen bonuses anywhere from 50% (just a couple of times) up to 275% (once) with many times between 210% and 240%.