Quote:
Originally Posted by Perrone66
Was at my local room a few weeks ago, and the floors were complaining to some of the regs that the room had changed the pay structure for the Floor employees.
At first the floors were earning 15$ an hour and could collect tips, now they were earning $30 an hour and did not have the ability to accept tips unless they were working as a 'dealer' that day. Many of them expressed that this change was now hurting their bottom line.
My question is how often are floors getting tipped? Also what could a floor possibly get tips for?
My room is small and at most has 6-8 tables running on weekends, 4-6 tables running on weekdays at its peak and usually 3-5 tables on off peak hours during weekdays.
I ran some simple math and it seems like the new pay change is more beneficial?
15$ * 40 hours = 600 after taxes of say 30% they take home 420
$30 *40 hours = 1200 after taxes of say 30% they take home 840
Are the floors in this local room really making an extra 420 a week in tips?!
A couple of thoughts:
1. Those numbers ($15 and $30) do not seem right. I am not blaming you, I am just wondering if you heard wrong or only part of the story?
2. Given #1 above, I doubt that the floor people were making $420 a week in tips in a small room with only 6-8 tables (or less). That seems like way too much. Especially since most floor tips come from higher limit players which most small rooms won't have.
3. Depending upon the casino in question, the floor might not be taxed on their tips. Yes legally they should be claiming them, but might not be. It is complicated. So where I am going with this point is that $1 in pay might not equal $1 replacement of tips. If they were making $13 or $14 per hour in tips (which seems unlikely in such a small room......) then increasing their pay by $15 per hour but eliminating tips would cost them.
4. In some small rooms, the floor also acts as the cashier. In these cases it might make more sense of them making more in tips because most winning players tip at least a little when cashing out. So they might easily make $13 per hour cashing players out.