Re: WTF! $98,000 for a part-time job?
in response to
by
posted on
Dec 06, 2011 11:23AM
This may not be exact but, it is my understanding that Ms. Layton previously was making $65/hr. and was "guaranteed" 24 hours per week of work. That equals approximately $1,560 per week and X say 50 weeks per year =$78,000. So it seems that this new arrangement is approximately a $20,000 per year raise for a little more time on the job. She will now be working 1, 400 hours per year instead of 1,200. On an hourly basis that is equivalent to $70.00 per hour. So if my numbers are close she is getting a little more work, a $5 per hour raise, and some stock options that are right now worth $2,500. I personally would do back flips if this was our biggest concern. All that said, I agree that income needs to be created soon and performance needs to improve greatly soon as well for this thing to keep moving in a positive direction.