[AccessD] OT:Building your business was... Rate for first time

The "rule of thumb" that I have always used is to charge a daily rate that is equal to 1% of an employees salary.  If a person is paid $60,000 per year, the daily rate is $600 -- or $75 per hour ($85 in NYC because it is only a 7 hour day).

Joe O'Connell
joconnell at indy.rr.com

    -----Original Message-----
    From: Wortz, Charles <CWortz at tea.state.tx.us>
    To: accessd at databaseadvisors.com <accessd at databaseadvisors.com>
    Date: Thursday, March 27, 2003 5:12 PM
    Subject: RE: [AccessD] OT:Building your business was... Rate for first time
    
    
    I just so happen to be working on our db for contractors this afternoon and can report that the hourly rate we pay for full-time contractors varies from about $40 to over $100.  However, all of them come to us from contracting companies, so the individual only receives a portion of the rate.  Some of them are salaried employees of the contracting company but most are sub-contractors.
    
    Charles Wortz 
    Software Development Division 
    Texas Education Agency 
    1701 N. Congress Ave 
    Austin, TX 78701-1494 
    512-463-9493 
    CWortz at tea.state.tx.us 

    -----Original Message-----
    From: Charlotte Foust [mailto:cfoust at infostatsystems.com] 
    Sent: Thursday 2003 Mar 27 14:59
    To: accessd at databaseadvisors.com
    Subject: RE: [AccessD] OT:Building your business was... Rate for first time
    
    
    I'm not an independent.  I work full time as a salaried developer and contract and consult on the side.  In my previous job, I actually worked as a contract employee for the feds, but my employer was the contractor, so I had the best of both worlds ... until they lost the contract.  I could have stayed on with the new contractor but knew it would never work because I have a bad habit of saying exactly what I think, regardless of how exalted the other person thinks they are. <vbg>  So I went out and found myself this job.  I've been lucky so far.  As soon as one job begins to pall, I fall into another that gives me new experience and that I like even better.  At the same time, I sometimes work for a company that provides contact employees, but that is strictly part-time when it occurs.  I have a friend who is a project manager, so she finds projects and then gets them to add me on as the database person on the project.  As long as I can work evenings and weekends, it works beautifully.
     
    Charlotte Foust
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