How much should a Foreman earn?

[skyhuck]

I turnover a little over £100K+VAT with two of us and make a pretty good living, I guess I need to double my rates and become rich!!!!!!!

[TIMON]

If you pay well, for decent work, with decent gear you can afford high standards and shouldn't have to suffer fools. I'm based in Rugby, and what you're offering is above what I'd expect to earn round here. If I was closer I'd be tempted to apply on the lower end of what you're offering (due to having 3 years experience) with a view to proving myself worthy of the top end of what you're offering in around 18 months.

 

Thing is, I'm lucky to be working with a fantastic team. We get on well, are highly motivated and competitive, and we reap rewards from our productivity in the form of a profit sharing system. Sometimes there is more to a job than just money, and if I left I'd worry about sacrificing the enjoyment I get from my job for a few extra quid.

 

It seems that people who don't put money above all else are looked down upon here, but I guess each person has a different motivation.

 

 

An excellent post Joe.

I am working for a charity and don't earn a salary as such. I get living expenses. A flat , a car, phone etc..

I work with recovering addicts, overseeing a small centre and an ARB business which is developing nicely.

I really enjoy the treework side of things but the biggest satisfaction is seeing people turn their lives around.

All the profit we earn goes back into the charity to help others.

I've never been happier in my life.

Chasing money and material things never brings satisfaction cos you never "quite get there"

Respect to you mate, sounds like you got a good thing going there.

Timon

[5 shires]

I turnover a little over £100K+VAT with two of us and make a pretty good living, I guess I need to double my rates and become rich!!!!!!!

 

You are already rich,DOING WHAT YOU DO FOR A LIVING?

[5 shires]

I turnover a little over £100K+VAT with two of us and make a pretty good living, I guess I need to double my rates and become rich!!!!!!!

 

You are life rich SKY:thumbup:

[TIMON]

How very depressing and is no doubt why our industry is so undervalued.

 

 

Agreed, from what I've heard while doing quotes round our way. There aren't many firms doing £550+ for a two man team on every job..

I'm not saying that you can't get that but that there are loads of "firms" out there devaluing the work available.

[eggsarascal]

An excellent post Joe.

I am working for a charity and don't earn a salary as such. I get living expenses. A flat , a car, phone etc..

I work with recovering addicts, overseeing a small centre and an ARB business which is developing nicely.

I really enjoy the treework side of things but the biggest satisfaction is seeing people turn their lives around.

All the profit we earn goes back into the charity to help others.

I've never been happier in my life.

Chasing money and material things never brings satisfaction cos you never "quite get there"

Respect to you mate, sounds like you got a good thing going there.

Timon

 

Fair play to you. How much would you estimate your living expenses, flat, car, phone etc add up to each year?

[Tom D]

I see where you are coming from Dave. If I added my profit to the wages it would be over half of turnover.

 

That said, for a two man team the wages should be lower in relation to the turnover. It's once you get a few employees that the ratio should go up a bit.

 

I'll have to look in to the vat reg thing, I've only done about £280k this year so that should be ok?

[alex_m]

Around Bristol it's £80-£100 for a foreman, that's for teams bringing in £450-550 a day for two men. If it was more I'd consider going on the books again.

[Mark Bolam]

I see where you are coming from Dave. If I added my profit to the wages it would be over half of turnover.

 

That said, for a two man team the wages should be lower in relation to the turnover. It's once you get a few employees that the ratio should go up a bit.

 

I'll have to look in to the vat reg thing, I've only done about £280k this year so that should be ok?

 

You should be fine Tom, I believe you are ok until you buy a Range Rover.

 

 

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[Tom D]

That's what I'll tell HMRC. Before referring them to my financial advisors: Bolam, Crocket and Bolam.