[Baypiggies] How do you calculate your hourly wage?
stephen.cattaneo at gmail.com
Mon Feb 9 23:22:31 CET 2009
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
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
benefits = hourlySalary * benefitsModifier
totalHourlyWage = hourlySalary + benefits
I was thinking something between 5% and 15% -- Does this seem reasonable in
Failures are finger posts on the road to achievement.
-- C.S. Lewis
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