Merrimack Valley

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							                              Workforce Investment Area: Merrimack Valley
                                     Average Earnings Calculator

                                      Title I Adult
     FY2007 Performance Measure Goal for 6 Month Average Earnings: $9,418
      Hours Per Week            Yearly Earnings Needed        Weekly Earnings Needed          Hourly Wage Needed
             20                       $18,836.00                      $362.23                        $18.11
             25                       $18,836.00                      $362.23                        $14.49
             30                       $18,836.00                      $362.23                        $12.07
             32                       $18,836.00                      $362.23                        $11.32
             35                       $18,836.00                      $362.23                        $10.35
            37.5                      $18,836.00                      $362.23                         $9.66
             40                       $18,836.00                      $362.23                         $9.06
               FY2007 Average Hourly Wage At Placement, Local Goal: $8.35
         FY2007 Average Hourly Wage At Placement, Local YTD Actual: $10.63



                                Title I Dislocated Worker
     FY2007 Performance Measure Goal for 6 Month Average Earnings: $17,300
      Hours Per Week            Yearly Earnings Needed        Weekly Earnings Needed          Hourly Wage Needed
             20                       $34,600.00                      $665.38                        $33.27
             25                       $34,600.00                      $665.38                        $26.62
             30                       $34,600.00                      $665.38                        $22.18
             32                       $34,600.00                      $665.38                        $20.79
             35                       $34,600.00                      $665.38                        $19.01
            37.5                      $34,600.00                      $665.38                        $17.74
             40                       $34,600.00                      $665.38                        $16.63
               FY2007 Average Hourly Wage At Placement, Local Goal: $9.50
         FY2007 Average Hourly Wage At Placement, Local YTD Actual: $16.05

The local performance goal for average earnings is from FY2007 Local Annual Workforce Development Business Plans,
Attachment F- Chart 4 Performance Goal Summary . Average earnings are calculated
from employer reported wage records in the 2nd and 3rd quarter after exit .

The local program goal for average hourly wage at placement is from FY2007 Local Annual Workforce Development
Business Plans, Attachment F- Chart 2 Adult and Dislocated Worker Program Summary .
Average hourly wages are based on placement information entered in MOSES for exiters in the current fiscal year.

Actual hourly wage at placement is reported on the FY2007 Operational Update YTD Total Through March 2007. The
FY2007 Operational Update is a Crystal Report available at www.massworkforce.org at Resources, Crystal Reports Project.

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