I am an independent home improvement contractor but recently I was offered a project manager position for a construction company. In the offer letter they offer certain allowances for fuel, health insurance and things like that. I am not to up to date on what should be offered to an employee with his own truck and tools, so I want to make sure I am being offered a fair deal before I go ahead with it.
What is standard these days for vehicle and fuel allowances?
Cell phone allowance?
Vacation and sick days?
Health insurance?
Should I be looking for anyother kind of benefits?
I have been self-employed for the past 10 years so any up to date info from you guys would be appreciated.
Replies
bump
"Never pick a fight with an old man. If he can't beat you he will just kill you." Steinbeck
What size company? Residential or commercial construction? Where are you located?
Dont think that I can really help but the above info might help others give you an answer.
What exactly would your role as a project manager be?
Its a very small residential and commercial company in Maryland. I really just wanted to know what kind of compensation other employees, who use their own truck and tools were given
cwc09
mileage was federally stated. Last I checked it was 47.5 cents per mile but I'm sure it's up from that.
Use of tools etc. should be reflected in your compensation package (hourly wage) meals and per diem should be reflected in local costs of meals and hotels.
Paper this morning says the IRS just raised it to $.58/mile to recognize rising costs.++++++++++++++++++
What goes up must come down unless it gets into a stable orbit.
Ken
I know that $.58 /mile will not really cover actaul costs of a new truck/insurance/fuel/ maintinace and etc.
To do that you need a small to mid size car.
No argument there, was just responding to the tax figure (actually $.58 1/2).Dad used to yell at the IRS guy who would drive up to question his taxes while driving a VW beetle and claiming the full mileage.At least he said he yelled. I'm not so sure, seems I only heard him yell at us kids. He was too polite to yell at others.++++++++++++++++++
What goes up must come down unless it gets into a stable orbit.
We get $.50 for each mile outside a 15-mile radius from our office. Unless you go from the job to the lumberyard or another job, in which case you get mileage for that too.
Used to get a tool allowance but no more.
What I see in compensation is the mileage allowance by the IRS.
The company can deduct it on taxes.
A friend just went to work for Whirlpool as outside sales rep and is getting around 50 some cents per mile.
Pete