For those bad at math
-
Excuses, excuses ... -0.0039485 per hour for you! :D
I'm largely language agnostic
After a while they all bug me :doh:
Yeah, on my blog I am going to format it but when I post on CP I have to allow little errors in my comments so people can offer funny critiques.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
Well it isn't an amount but a direct correlation. If you think you are worth, let's say $50k a year annual salary you should charge $41 an hour for a 6 month contract. In the end it will be about the same on the annual taxes.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest HemingwayNo, 92, and take the other six months off.
-
I am thinking about putting this on my blog for the aid of the community at large but figured I would post here to see just how of base I really am. The basis for this is the continued series of questions I see asked and get asked which amounts to "What should I charge?". Just look up the annual salary you think you are worth with benefits and then look at the rate you should charge. (The rates include such things as benefits, PTO, Holidays, Marketing, Etc. But DO NOT INCLUDE travel expenses)
Fulltime USD Per Annum
Consulting Rate (6 month contracts)/hr
Consulting Rate (No Contract)/hr
20000
16.2990196078431
18.4722222222222
25000
20.3737745098039
23.0902777777778
30000
24.4485294117647
27.7083333333333
35000
28.5232843137255
32.3263888888889
40000
32.5980392156863
36.9444444444444
45000
36.6727941176471
41.5625
50000
40.7475490196078
46.1805555555556
55000
44.8223039215686
50.7986111111111
65000
52.9718137254902
60.0347222222222
70000
57.046568627451
64.6527777777778
85000
69.2708333333333
78.5069444444444
90000
73.3455882352941
83.125
95000
77.4203431372549
87.7430555555556
100000
81.4950980392157
92.3611111111111
105000
85.5698529411765
96.9791666666667
110000
89.6446078431373
101.597222222222
115000
93.719362745098
106.215277777778
120000
97.7941176470588
110.833333333333
125000
101.86887254902
115.451388888889
130000
105.94362745098
120.069444444444
135000
110.018382352941
124.6875
140000
114.093137254902
129.305555555556
145000
118.167892156863
133.923611111111
150000
122.242647058824
138.541666666667
155000
126.317401960784
143.159722222222
165000
134.466911764706
152.3958333333
-
I am thinking about putting this on my blog for the aid of the community at large but figured I would post here to see just how of base I really am. The basis for this is the continued series of questions I see asked and get asked which amounts to "What should I charge?". Just look up the annual salary you think you are worth with benefits and then look at the rate you should charge. (The rates include such things as benefits, PTO, Holidays, Marketing, Etc. But DO NOT INCLUDE travel expenses)
Fulltime USD Per Annum
Consulting Rate (6 month contracts)/hr
Consulting Rate (No Contract)/hr
20000
16.2990196078431
18.4722222222222
25000
20.3737745098039
23.0902777777778
30000
24.4485294117647
27.7083333333333
35000
28.5232843137255
32.3263888888889
40000
32.5980392156863
36.9444444444444
45000
36.6727941176471
41.5625
50000
40.7475490196078
46.1805555555556
55000
44.8223039215686
50.7986111111111
65000
52.9718137254902
60.0347222222222
70000
57.046568627451
64.6527777777778
85000
69.2708333333333
78.5069444444444
90000
73.3455882352941
83.125
95000
77.4203431372549
87.7430555555556
100000
81.4950980392157
92.3611111111111
105000
85.5698529411765
96.9791666666667
110000
89.6446078431373
101.597222222222
115000
93.719362745098
106.215277777778
120000
97.7941176470588
110.833333333333
125000
101.86887254902
115.451388888889
130000
105.94362745098
120.069444444444
135000
110.018382352941
124.6875
140000
114.093137254902
129.305555555556
145000
118.167892156863
133.923611111111
150000
122.242647058824
138.541666666667
155000
126.317401960784
143.159722222222
165000
134.466911764706
152.3958333333
so how did you arrive at the numbers? does this take into account the value of benefits (health ins., 401K contributions, holidays, vacations)? employer share of FICA/Medicare? How did you arrive at the penalty factor for no contract?
-
Would a simple function be easier? ;P IOW:
Fulltime USD Per Annum: x
Consulting Rate (6 month contracts)/hr: x/1226
Consulting Rate (No Contract)/hr: x/1082:)
xacc.ide - now with TabsToSpaces support
IronScheme - 1.0 alpha 3 out nowIt would but then people would but I think people like tables. Plus looking at the divisor might incorrectly lead people to believe they only need to work that number of hours per year. When the actual result is only achieved with an effort to work 40 hours per week every week except for two weeks vacation and 10 holidays.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
so how did you arrive at the numbers? does this take into account the value of benefits (health ins., 401K contributions, holidays, vacations)? employer share of FICA/Medicare? How did you arrive at the penalty factor for no contract?
It takes full into account health and benefits and fica medicare. There is some fudge factor based on down time between contracts. Up to %35 of your billable hours could be spent looking for contracts in some cases. Technically this is work, hard work, and needs to be accounted for. I like to think it can take up to 4 weeks to find a 6 month contract so I use, in my personal calculations a fudge factor of 8 weeks per year or 15% of available time as down time. The best way to use the number, let's use $50k again, is to say 41*1600 = 61,500 total expected revenue per year. $50k *.15 = FICA = $7500. Which leaves $4,000 for benefits. Which is a reasonable amount for someone with a $50k a year base salary. (I said reasonable not good) Of course, if you work more than 40 per week or have a better than average turn around on a contract you get the potential to earn profit.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
I am thinking about putting this on my blog for the aid of the community at large but figured I would post here to see just how of base I really am. The basis for this is the continued series of questions I see asked and get asked which amounts to "What should I charge?". Just look up the annual salary you think you are worth with benefits and then look at the rate you should charge. (The rates include such things as benefits, PTO, Holidays, Marketing, Etc. But DO NOT INCLUDE travel expenses)
Fulltime USD Per Annum
Consulting Rate (6 month contracts)/hr
Consulting Rate (No Contract)/hr
20000
16.2990196078431
18.4722222222222
25000
20.3737745098039
23.0902777777778
30000
24.4485294117647
27.7083333333333
35000
28.5232843137255
32.3263888888889
40000
32.5980392156863
36.9444444444444
45000
36.6727941176471
41.5625
50000
40.7475490196078
46.1805555555556
55000
44.8223039215686
50.7986111111111
65000
52.9718137254902
60.0347222222222
70000
57.046568627451
64.6527777777778
85000
69.2708333333333
78.5069444444444
90000
73.3455882352941
83.125
95000
77.4203431372549
87.7430555555556
100000
81.4950980392157
92.3611111111111
105000
85.5698529411765
96.9791666666667
110000
89.6446078431373
101.597222222222
115000
93.719362745098
106.215277777778
120000
97.7941176470588
110.833333333333
125000
101.86887254902
115.451388888889
130000
105.94362745098
120.069444444444
135000
110.018382352941
124.6875
140000
114.093137254902
129.305555555556
145000
118.167892156863
133.923611111111
150000
122.242647058824
138.541666666667
155000
126.317401960784
143.159722222222
165000
134.466911764706
152.3958333333
-
Yeah, on my blog I am going to format it but when I post on CP I have to allow little errors in my comments so people can offer funny critiques.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
I didn't add all those line breaks in the message it just occurs when I did the table?
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest HemingwayIt's an interesting table. Funnily enough you are within a couple of percent of what I charge / think I should earn if I were to get a job. Now I'd like to see a spreadsheet on how I can convince people that a $20/hr outsourced developer is not comparing apples with apples. Incidentally, do you advertise your rates or just save them up for when people ask?
Bruce Chapman iFinity.com.au - Websites and Software Development | Do you need a specialist DotNetNuke developer? Plithy remark available in Beta 2
-
It's an interesting table. Funnily enough you are within a couple of percent of what I charge / think I should earn if I were to get a job. Now I'd like to see a spreadsheet on how I can convince people that a $20/hr outsourced developer is not comparing apples with apples. Incidentally, do you advertise your rates or just save them up for when people ask?
Bruce Chapman iFinity.com.au - Websites and Software Development | Do you need a specialist DotNetNuke developer? Plithy remark available in Beta 2
I don't publish them online because there is so much competition online and many people will not call if they see you as too expensive. Its not top secret though, if it's something you are interested in send an email and I will give you the skinny.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
I am thinking about putting this on my blog for the aid of the community at large but figured I would post here to see just how of base I really am. The basis for this is the continued series of questions I see asked and get asked which amounts to "What should I charge?". Just look up the annual salary you think you are worth with benefits and then look at the rate you should charge. (The rates include such things as benefits, PTO, Holidays, Marketing, Etc. But DO NOT INCLUDE travel expenses)
Fulltime USD Per Annum
Consulting Rate (6 month contracts)/hr
Consulting Rate (No Contract)/hr
20000
16.2990196078431
18.4722222222222
25000
20.3737745098039
23.0902777777778
30000
24.4485294117647
27.7083333333333
35000
28.5232843137255
32.3263888888889
40000
32.5980392156863
36.9444444444444
45000
36.6727941176471
41.5625
50000
40.7475490196078
46.1805555555556
55000
44.8223039215686
50.7986111111111
65000
52.9718137254902
60.0347222222222
70000
57.046568627451
64.6527777777778
85000
69.2708333333333
78.5069444444444
90000
73.3455882352941
83.125
95000
77.4203431372549
87.7430555555556
100000
81.4950980392157
92.3611111111111
105000
85.5698529411765
96.9791666666667
110000
89.6446078431373
101.597222222222
115000
93.719362745098
106.215277777778
120000
97.7941176470588
110.833333333333
125000
101.86887254902
115.451388888889
130000
105.94362745098
120.069444444444
135000
110.018382352941
124.6875
140000
114.093137254902
129.305555555556
145000
118.167892156863
133.923611111111
150000
122.242647058824
138.541666666667
155000
126.317401960784
143.159722222222
165000
134.466911764706
152.3958333333
I'd lose everything after the second decimal place for readability if you are going to post it. Interesting calculation, as a rule of thumb you are saying $1000 ~= 80c an hour. Converting this into English, if Joe Senior Dev earned around £40,000 per year they should only consider resuming contracting, after say six year's permanent frustration, if they were happy you could get £32 per hour consistently. I think you've made my Joe's mind up!
-
I am thinking about putting this on my blog for the aid of the community at large but figured I would post here to see just how of base I really am. The basis for this is the continued series of questions I see asked and get asked which amounts to "What should I charge?". Just look up the annual salary you think you are worth with benefits and then look at the rate you should charge. (The rates include such things as benefits, PTO, Holidays, Marketing, Etc. But DO NOT INCLUDE travel expenses)
Fulltime USD Per Annum
Consulting Rate (6 month contracts)/hr
Consulting Rate (No Contract)/hr
20000
16.2990196078431
18.4722222222222
25000
20.3737745098039
23.0902777777778
30000
24.4485294117647
27.7083333333333
35000
28.5232843137255
32.3263888888889
40000
32.5980392156863
36.9444444444444
45000
36.6727941176471
41.5625
50000
40.7475490196078
46.1805555555556
55000
44.8223039215686
50.7986111111111
65000
52.9718137254902
60.0347222222222
70000
57.046568627451
64.6527777777778
85000
69.2708333333333
78.5069444444444
90000
73.3455882352941
83.125
95000
77.4203431372549
87.7430555555556
100000
81.4950980392157
92.3611111111111
105000
85.5698529411765
96.9791666666667
110000
89.6446078431373
101.597222222222
115000
93.719362745098
106.215277777778
120000
97.7941176470588
110.833333333333
125000
101.86887254902
115.451388888889
130000
105.94362745098
120.069444444444
135000
110.018382352941
124.6875
140000
114.093137254902
129.305555555556
145000
118.167892156863
133.923611111111
150000
122.242647058824
138.541666666667
155000
126.317401960784
143.159722222222
165000
134.466911764706
152.3958333333
-
The results of that calculator are no where near my results. I think mine are more realistic.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest Hemingway -
The results of that calculator are no where near my results. I think mine are more realistic.
Need a C# Consultant? I'm available.
Happiness in intelligent people is the rarest thing I know. -- Ernest HemingwayI'm sure yours are well researched, the tax conditions in the UK compared to the USA are quite different which could account for the difference. Just wanted to show you an alternative.