Question

A new company has moved into town. The hiring manager has offered you one of the following three jobs. Which position pays the best?

Job 1		This job pays $12.30 per hour with a regular 40-hour work week and time-and-one-half for overtime.The position is paid for 50 weeks, with 2 weeks of unpaid vacation.
Job 2		This position is a salaried, entry-level management position that pays $27,830.
Job 3		This opportunity is a commission-based sales position with the firm’s marketing

Answer 1

Job 1: Total Weeks paid for 50; No.of hours per week : 40 Hours; Total hours for 50 weeks: 50 * 40 = 2000 hours; Per hour pay is $ 12.30 : Total Pay is $ 2000 * 12.30 = $ 24600; This payment is variable and is dependent on the hours performed.

Job 2: This salaried position pays an amount of $ 27830,straight. These payments shall be consistent and is an executive position on the payroll of the company.

Job 3: This is a commission based payment, which is dependent on the sale with the firm's marketing; This is again a variable component and shall have the possibiliity of inconsistency. Also, since the sales trend and commission % are not available, it shall be not possible to comment on this value.

Which position pays the best?

Considering the nature of the pay and the amount the Job 2 shall be considered as best position;