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Date:
2/14/2007 6:52:00 AM
Author:
Selina
(selina.hill@gmail.com)
Subject:
Starting Childcare, Wage Review
I am in the process of starting a childcare center. I know that the wages are low and I want to pay more than most centers as well as keep my bottom line square. I have thought up a plan in order to help set wages. Please give me your feedback Starting Wage $8 per hour Addition's Experience = $0.25 per hour per year Education = $0.50 per hour per year Relevant Education = $0.35 per hour per year Years with us = $0.10 per hour per year Performance Review Points = $0.02 per point (up to 100 points) So if someone has 4 years experience ($1), 4 years College Education in Childhood Development ($3.40), have been with us for 3 years ($0.30), and 50 performace review points ($1.00). This person would make $13.70 per hour. If nothing changes except one more year experience then the following year they'd be making $14.05 per hour. How does this formula feel? Is it reasonable? Our employees will receive medical benifits and an annual allocation of $1500 for secondary education. Please give your feedback. Just a little info, most childcare in my area do not pay more than $11 per hour.
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