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(OT) How much more do you charge as a consultant, vs. salary?
How much do you charge as a freelance consultant, vs a normal annual salary?
On average, percentage-wise? Say you made 70k as a full-time employee last year... how much do you charge the next company who wants to hire you, on-site with full hours, but only as a freelance consultant to start? (Note that this company has no health benefits for its own full-time employees, though most of them are, unlike you, full-time.) |
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Re: (OT) How much more do you charge as a consultant, vs. salary?
> How much do you charge as a freelance consultant, vs a normal annual
> salary? On average, percentage-wise? Salaried employees typically get paid slightly less then they are worth. Consultants typically get paid 4 times what they are worth. > Say you made 70k as a full-time employee last year... how much do you > charge the next company who wants to hire you, on-site with full hours, > but only as a freelance consultant to start? > > (Note that this company has no health benefits for its own full-time > employees, though most of them are, unlike you, full-time.) OK, serious answer: You've already answered that yourself. You just need to do the formula: (total annual take home pay you want or need + total annual expenses) / # billable hours you work a year = your hourly consultant rate The two things to keep in mind: 1) List ALL expenses (tax liability, insurance, office, car, software, hardware, paperclips, etc, etc, etc) 2) don't think you'll be billable 40 hours a week as an independent. You have to account for marketing time, networking, office management, vacation, etc. -Darrel |
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