Saturday, November 26, 2005

Delphi pay = $76.00/hour

Delphi Average Worker Pay is $76.00/Hour

According to the Detroit Free Press article linked below, Delphi has calculated its average worker pay, inclluding benefits at $76.00 per hour. This figure was released as part of a public relations campaign to justify CEO Steve (pompatus of bankruptcy) MIller's demands for 60% wage cuts. The section quoted below is Delphi's attempt to put the wage cuts in perspective:

According to a study Delphi commissioned, in part to thwart claims that it is being unfair to workers, Delphi pays its workers $76.46 per hour, up from the previously reported wage of $65 an hour. That breaks down to a wage of $26.97 an hour for a first-year employee, $26.86 an hour for benefits such as health care and vacation days and $22.63 in legacy costs, which include retirement health-care costs and costs past the obligation of workers compensation.

Delphi workers are paid more than average hourly workers when benefits are considered.

Nationwide, employers from all industries pay their hourly workers $24.24 per hour, which includes benefits but not legacy costs, according to the most recent U.S. Department of Labor study, published in June 2005. An average wage of $17.21 an hour accounted for 71% of the total hourly compensation, while benefits, at $7.03, made up the remaining 29%. Wages, as a percent of total compensation, declined during the past five years from 73% in 2000.

Within geographic regions, total compensation costs ranged from $20.42 an hour in the East South Central division to $28.14 in the Pacific division. Employers in the division that includes Michigan paid their employees $24.96 an hour -- $17.27 in wages and $7.69 in total benefits.

In Michigan's division, health care, at $1.90 an hour, was the most expensive benefit employers provided workers.


http://www.freep.com/apps/pbcs.dll/article?AID=/20051126/BUSINESS01/511260313/1014

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