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Hey fheckler,
I can only offer some food for thought. I also believe your wages are too low for your work and the attached responsibilities with the departure of others. I have seen, many times, management will just simply add-on additional duties and expectations and not enhance your pay-rate for these add-ons. That's really crappy IF YOU ALLOW IT!!!! There's so much truth in the "give an inch....they'll take a mile". You were hired under specific parameters to what your job duties were for the pay they provided. If your pay is based on just welding, any additional work such as fabrication, production improvements, or cost-saving implementation, benefits the company's profit margin. You work to make your job more efficient and productive, you deserve an increase in wages. Your company certainly isn't going to pass off the cost reduction/savings you implemented to the customer, it gives them a higher profit.
I can see why they are losing good personnel.....those are the ones who have seen the light of what management is doing and getting away with it because you are allowing it.....being used beyond your working pay rate. For what you describe as your work description, I'd be inclined to say 17.00/hr would be a base, and any other responsibilities would be additional. Your only recourse is to get together with your co-worker and discuss approaching management with a proposal to provide a compensatory pay for all your duties. It is true wages here in the East are 10-20% lower than other geographical locations, but the cost of living is a bit lower too. Remember, since there are only 2 of you left, you do have some bargaining power. Without you 2, how would this company be able to continue to get work done in a timely and profitable fashion? Hope I provided some insight for thought. Let us know how you make out.....Good Luck....Denny