[Baypiggies] How do you calculate your hourly wage?

[Stephen Cattaneo]

Hi friends,

I've only had one professional position since college.  I was paid salary.
My company recently downsized 40% of the company (myself included).  I'm
looking for new work.

I'm open to contract jobs, but they want to know how much I charge hourly.
I'd assume they do not cover things like 401k/dental/medical for such a
position;  I'd like to take these things into consideration when talking
wages.

Do you guys use this formula (or something similar) and if so, what value do
you use for your modifier?

hourlySalary = yearlySalary /  52 * 40  # 52 weeks in a year, 40 hours in a
week
benefits = hourlySalary * benefitsModifier
totalHourlyWage = hourlySalary + benefits

I was thinking something between 5% and 15% -- Does this seem reasonable in
your experience?

Cheers,

S

-- 
---
Failures are finger posts on the road to achievement.

-- C.S. Lewis
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