pay rate question

Nominum / Eng ECOC65
Aug 4, 2017 7 Comments

if I normally earn 160k/yr as a full time employee but a new company wants to take me in as a contractor what should I set my hourly rate at?

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TOP 7 Comments
  • GoodRx / Ops romz
    Factor in an additional 30% BARE MINIMUM over your "hourly" FT rate to cover SE tax, benefits, bonus and full burden. IMO.
    Aug 4, 2017 1
    • CH2M sFSF35
      Good post and I would add in - factor in utilization / downtime, any OH expenses needed to perform / administer work (that won't be provided for or covered by other remuneration forms).
      Aug 5, 2017
  • Amazon amRH18
    And keep 6 months of money in the bank at all times, because they'll find all sorts of interesting ways not to pay you (or to delay payment for months at a time)
    Aug 4, 2017 0
  • Okta zxHt72
    2x. I know someone that owns a contractor agency, and they get paid 2x.
    Aug 4, 2017 0
  • Amazon / Eng Dude58
    2x is a really good starting point. Moving the decimal of your annual salary over 3 places works well.
    Aug 4, 2017 1
    • Microsoft SCRy77
      show me someone that's paying $160/hr without being direct and not having a Corp
      Aug 4, 2017
  • Red Pill VR agent007
    contractor work should be more fun expensive in general
    Aug 4, 2017 0

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