TEACHER, INC.:
A Private-Practice
Option for Educators
Table
1: Cost of In-House Services v.s. Contracted Services |
|
Cost of In-House Services | |
Teacher Salary, Insurance & Employee Benefits | |
School
District's Annual Gross Payroll Annual Insurance and Fringe Benefits Paid By District |
$1,000,000 |
Social
Security Unemployment Compensation Worker's Compensation Health & Dental Insurance Pension Contributions |
75,000 30,000 20,000 190,000 50,000 |
Total Teacher Salary, Insurances, & Employee Benefits | $1,365.00 |
Productive Hours | |
Total
Classroom Hours Per Teacher Less: Average Off-Time (Sick/Personal Days) of 2% |
1,100 Hours (22) Hours |
Total Productive Hours | 1078 Hours |
Hourly Cost of In-House Services | |
Total
Average Teacher Salary Plus Employee Benefits Divided By: Total Productive Hours Divided: Total Number of Teachers Employed By The District |
$1,365.00/ 1078 Hours/ 36 Teachers |
Total Hourly Cost of In-House Services | $36.18 per Hour per Teacher |
Cost of Contracted Services | |
Contractors Hourly Rate for Contract Performance | $30.00/Hour |
District Savings | |
Hourly
Cost of In-House Services Less: Hourly Contractors Rate |
$36.18/Hour $30.00/Hour |
Total Hourly Savings (Loss) | $6.18/Hour |
Source: Gail Ostler, CPA |