opinions wanted on team pay/percentage

[truckrnnr]

I have been a solo operator my entire expediting career (12 years) I am looking to take on a team driver to run with me in my truck.
I understand the 60/40 split and the FSC standards in our industry. My question is this: Since I own my truck and the team will not be driving for a fleet owner,what is a fair percentage for me to pay my team driver. The reason I ask is that I want to be fair,but also don't want to shoot myself in the foot either. ( I had one potential team driver who wanted to know my expenses,such as truck payment,insurance etc,.......He thought he should get 50% of gross after truck expenses) I need advice please.

 

[jaminjim]

20% not counting the FSC.

Truck said I had one potential team driver who wanted to know my expenses,such as truck payment,insurance etc,.......He thought he should get 50% of gross after truck expenses)

Your hiring a driver, not a partner.

 

[nightcreacher]

What I pay my co driver is 23% of surface expedite loads.24% w/g Loads and 50% of the acessaral charges.I can do this as i pay myself a lower drivers wage.Most people pay the drivers a 20% split,and as a driver he doesnt have to know your expenses ,after all hes just a driver.two things though,the more you pay your driver,the less you have to give the IRS,and what ever it takes to keep your drive available.

 

[Scott101]

20% not counting the FSC.

Truck said I had one potential team driver who wanted to know my expenses,such as truck payment,insurance etc,.......He thought he should get 50% of gross after truck expenses)

Your hiring a driver, not a partner.

Hmm. So the owners risk and investment is worth 0% as far as that guy was concerned huh? Sounds like employees I have had in the past. LoL

 

[truckrnnr]

Thanks for the responces,......you are all thinking the same as I am. My personal business expenses are "MY" business. I thought the 20% was fair,but I wanted others opinions as well. I figure since my actual expenses are low,I could start at 20% with the option of a higher rate if I find a GOOD team driver.
I've never run team,but the solo freight is so ridiculous as of late,....well, you know what I mean.
Thank You,
TRUCKRNNR
A.K.A. Rob.

 

[davekc]

Oh just for sheets and giggles, give 50 percent along with half of all your expenses. Only seems fair

 

[BillChaffey]

The potential "Co driver" sounds like any Professional athlete, he's making millions, but still wants a cut of the owners profits.

 

[nightcreacher]

He wants 50% of your net,ok,in your expenses,you have to figure in drivers pay,so add 2 drivers pay to your expenses and give him 50% of the net,see how he likes working for peanuts