| CORPORATE WORK STUDY PROGRAM COST ANALYSIS | ||||
|---|---|---|---|---|
| 2005 Indianapolis Wage Salary Statistics (www.salary.com) | ||||
| CIP Job Sponsorship | General Clerk | Mail Clerk | File Clerk | |
| Base Salary | $25,000 | $24,363 | $24,154 | $22,547 |
| Social Security | 1,880.00 | 1,863.00 | 1,733.00 | |
| 403b/401K | 890.00 | 882.00 | 829.00 | |
| Disability | 600.00 | 594.00 | 553.00 | |
| Healthcare | 5,390.00 | 5,390.00 | 5,390.00 | |
| Pension | 796.00 | 789.00 | 734.00 | |
| Time Off | 2,685.00 | 2,661.00 | 2,474.00 | |
| Bonuses | 213.00 | 203.00 | 105.00 | |
| Total Annual Cost | $25,000 | $36,817 | $36,536 | $34,365 |
| # of Days worked | 192 | |||
| CIP Holiday Extension Option* | ||||
| Per Diem for Holidays | $65 | |||
| # of Holiday Workdays | 49 | |||
| Holiday Coverage Cost | $3,185 | |||
| Total Annual Cost | $28,185 | $36,817 | $36,536 | $34,365 |
| # of Days worked | 241 | 246 | 246 | 246 |
| *With this option, students work a full year and remain employees of the Providence Cristo Rey Corporate Work Study Program. The money earned during this time goes directly to the students. | ||||