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Am I figuring this right? SM - mt

Posted: Jun 14, 2012

Say I edit 250 lines in1 hour. At 4 cpl, that's $10/hour. Working OT for 25% (which is 1 cent of 4 cpl), 250 lines in 1 hour x 5 cpl = 12.50. That extra $2.50 x 8 hours is $20. Doesn't seem worth my weekend for that. Can't count on straight typing - some days I hardly have any and some days I'll have 10 to 15%.

The problem isn't the overtime. Say an MT could earn $35K in - an office, $35K-$20K = $15K lost per year. OR,

[ In Reply To ..]
put another way, 42% lost from of what should have been the annual earnings.

Not considering a little incidental overtime that might be earned in both jobs, of course.

So I'm guessing that almost no one who can afford to just blow off close to half her annual income would interested in working a weekend day for an extra 20 bucks.

I don't work weekends, and yes, I could use extra $$..... - mt

[ In Reply To ..]
but when I sit here all week struggling to make a paycheck (not new, been MT for over 20 years but new to VR), I can't see the point working on my day off for an extra 20 bucks. If these companies would pay a decent wage period, I'd be more than happy to help out when needed.

no, your OT rate is wrong - sm

[ In Reply To ..]
OT is time and a half, so instead of 250 lines at 4 cpl, you would be paid 250 lines at 6 cpl. Instead of making $10 an hour, you would make $15 an hour.
In an 8-hour day of OT, you would make an extra $40, not $20.

THANK YOU!! Makes a big difference in working OT!! - mt

[ In Reply To ..]
So 6 cpl for editing. Then for straight typing, it would be 12 cpl, right? I'm short $$$ due to family illness so I will gladly work OT this weekend !!! Again, thank you for the info !!!!!!!

You're welcome - SM

[ In Reply To ..]
If your rate for straight typing is 8 cpl, then yes, your OT rate will be 12 cpl. Because we are paid by production, but OT has to be based on hours, the calculation is actually a little more complicated than above and has to take into consideration your average lph for the week, but the above figures put you in the right ballpark. Glad you will be able to make some extra $$ at a decent rate.

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