Posted On: 01/15/2016 5:51:37 AM
Post# of 780
Re: BURN.NOTICE88 #321
$IHSI: Why IHSI's Profit-Potential is About to Change...
Why IHSI hasn't pulled much of a profit to date...
Source: http://www.bls.gov/oes/current/oes472111.htm
Wages for electricians in California average $30.95 per hour. Duration of IHSI's Title 24 contracts have been 1 year. An average of 7.5 employees have been on the job site for the duration of the project.
12 months (avg work year 2080 hours) x 7.5 employees x $30.95/hr. = $482,820 in wages (does not include overtime).
Legacy Business Model :
Much-higher Operating Costs:
Complexity of project. Ten techs. One year project. = Less $$$$$ Profits.
Why IHSI hasn't pulled much of a profit to date...
Source: http://www.bls.gov/oes/current/oes472111.htm
Wages for electricians in California average $30.95 per hour. Duration of IHSI's Title 24 contracts have been 1 year. An average of 7.5 employees have been on the job site for the duration of the project.
12 months (avg work year 2080 hours) x 7.5 employees x $30.95/hr. = $482,820 in wages (does not include overtime).
Legacy Business Model :
Much-higher Operating Costs:
Complexity of project. Ten techs. One year project. = Less $$$$$ Profits.
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