Hourly wage rate for each occupational title (“weighted average wage”): Yes. In calculating this rate, DOLIR will continue to factor in fringe benefits as spelled out in Sec. 290.210. The final hourly wage (known as the “weighted average wage”) for each locality (county) is based on the following formula in 290.257.1:
- Step #1: Wage Rate = Basic hourly wage rate plus the hourly fringe rate within a particular occupational title as reported by each contractor.
- Step #2: Reported Wage Sum = Total hours worked within an occupational title multiplied by the wage rate as reported by each contractor.
- Step #3: Weighted Average Wage = The reported wage sums from each contractor, added together and then divided by the total number of hours within a particular occupational title reported by all contractors.
PWCMW rate: Yes. The PWCMW also take fringe benefits into account but by a different method than the one used to calculate the weighted average wage. In section 290.257.2, fringe benefits are estimated by using a uniform 20% multiplier. In other words, the PWCMW is calculated by multiplying the average hourly wage number (developed by DED) by 120%. The extra 20% increase over the average wage produced by this formula is used to estimate a fringe benefit for workers in that county.