Week’s Daily Peak Hour Ride Requirement: 3 Peak Hour Rides
Minimum Peak Hour Average: P300
Ride 1 Fare: 100
Ride 2 Fare: 119
Ride 3 Fare: 134
Driver Peak Hour Fare collected for that day: 100 + 119 + 134 = P353
Minimum Peak Hour Average Fare x Number of Peak Hour Rides for that day = P300 per Ride x 3 Peak Hour Rides = P900
P900 – Actual collections = Day’s Fare Difference Incentive
= P900 – P353 = P547 (FDI) For Monday Alone!
Let’s say on Tuesday, you complete even MORE rides during the peak hours!
Ride 1 Fare: 140
Ride 2 Fare: 117
Ride 3 Fare: 129
Ride 4 Fare: 235
Ride 5 Fare: 210
Ride 6 Fare: 170
Driver Fare collected: 140 + 117 + 129 + 235 + 210 + 170 = P1001
Minimum Peak Hour Average Fare x Number of Peak Hour Rides = P300 per Ride x 6 Peak Hour Rides = P1800
P1800 – Actual collections = Fare Difference Guarantee Incentive
= P1800– P1001 = P799 additional FDI For Tuesday’s Peak Hour Rides!
Let’s say on Wednesday though, your car was on coding, and could only squeeze in just 2 peak hour rides.
Since the week’s daily minimum is 3 peak hour rides, you won’t get any additional Fare DifferenceIncentive for that day.
But not to worry! Your Fare Difference Incentive is calculated on a daily basis, and you will still be able to receive your FDI for Monday and Tuesday, assuming you still meet the weekly AR & Cancellation Rate Requirements!
What happens if your peak hour fare is higher than the fare difference incentive for that day?
Let’s say on Thursday, you complete 4 peak hour rides.
Ride 1 Fare: 340
Ride 2 Fare: 475
Ride 3 Fare: 520
Ride 4 Fare: 399
Driver Peak Hour Fare collected for that day: 340 + 475 + 520 + 399 = P 1734
Minimum Peak Hour Average Fare x Number of Peak Hour Rides for that day = P300 per Ride x 4 Peak Hour Rides = P1200
Since P1200 (Fare Difference Rate) is less than P1734 (Thursday’s collections), no additionalincentives will credited for that day.
Then on Friday, let’s say you complete 4 rides again, and earn P821 in fares. Maintaining the weekly AR & DCR, with the Fare Difference Incentive, you would earn an additional P300 (P300 x 4 – P821).
And then outside of peak hour rides for the week, let’s say you earned P9200 in fares during Regular Hours. If you meet the week’s AR & DCR requirements, this would mean an additional P2,000 in Regular Hour Incentives!
Your week’s total incentives would thus be calculated as:
P2000 (Regular Hour Incentives)
+ P547 (Monday’s FDI)
+ P799 (Tuesday’s FDI)
+ P0 (Wednesday’s FDI)
+ P0 (Thursday’s FDI)
+ P379 (Friday’s FDI)
= P 3725 IN INCENTIVES ALONE!
In a nutshell, your incentives for the week will be the sum of each day’s peak incentive plus any off-peak incentive that you qualify for!*
*Note that the Fare Difference Incentives are also counted as incentives and are subject to withholding tax.