www.electricianinformationres... - Self Employed Electrician Salary - Learn How Much More You Can Make!
Hey everybody, this is Dusten Huebner here from Electrician Information Resource and chances are, you’re watching this video because you're interested in learning about a self-employed electrician salary.
So, what I want to do for you in this video is teach you about that. So, stay tuned. So, I'm thinking if you're watching this video, you're maybe a journeyman electrician that's looking to maybe venture out on their own so becoming a self-employed electrician.
Typically, people work as an employee for larger electrician companies, sometimes like in my case I work in Alberta, Canada and when I became a journeyman, you have the choice pretty much to buy your own truck or run in one of their trucks. I chose to buy my own truck so in that case my truck became I had to start a company, incorporate a company, and then my truck and everything to do with my company, or everything to do with my truck had everything to do with my company.
So, when I went to work. Dusten got paid, I was still an employee but then my truck got its own wage, and it's not like my truck is part of their company. It's my own company, so that's how I started out and then as the years progressed when I was a journeyman, my venture to doing everything in my own company.
So, now Dusten is a contractor to a larger electrical company and they just give me one wage for me and my truck and then I dispersed out within my company. So, I can save myself ten bucks an hour or 100 bucks an hour, whatever from my own company and I like having that control but you gotta understand there's more risk involved doing this.
But the salary like I think it was 30 to 40 percent more, just to go from Dusten as an employee to Dusten as a contractor. So, things I had to do with that is get workers comp, so I got to pay for this workers comp each year I gotta get my own benefits, more insurance I guess stuff like that.
But the wage, the salary I made, still like outweighs that. I think it went from 20 or 30 percent increase from employee to contractor and then it was about 10 percent of that, I had to pay to just like - sorry I'm trying to trying to think here but that was just to pay for the things I needed to cover my ass while being a contractor.
So, now I'm all the same covered the same, insurance is the same as being an employee but I think like it literally is 20 percent more still on top of all those expenses. So, I said heck yeah, let's do it and so far it's been working good. So, a self-employed electrician salary it's gonna vary on industry that you work in and the companies you work for.
So, if you become let's say you're not working for an electrician company out of the contractor and you're out on your own, getting your own work. So, a good example of that was of a residential electrician.
Well if you go to someone's house let's I'm just making up examples go to someone's house they want to pay this and then you go to a nicer house and they make might want to pay you more. So, your salary is going to be a little bit different there. I do all of my work in the oil field and some customers pay a little more than others and maybe you make more on your truck or they allow you to charge out specialty tools.
So, your salary is going to be all over the place but I think I explained quite a bit on this topic. For me, I freaking love I love being a contractor like this. I encourage it, like you learn so much more, you learn more about business that's helped me grow.
So, now guys I want to thank you for watching this video. If you want to check out more information, I encourage you to go to my website electricianinformationresource.com/electrician-salary and that is the page you're going to see right here and there is tons of information on electrician salary and the factors that affect it.
So, thanks again, if you have any questions feel free to comment below and I'll do my best to answer them the best I can and hopefully, you get what you want out of this video. So, see you guys.
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