[dba-Tech] Full-Time v. Contract

Thanks, Rocky. That's a good start.
A.

On 1/10/08, Rocky Smolin at Beach Access Software <rockysmolin at bchacc.com>
wrote:
>
> Benefits are worth 30-50% of base pay.  Convert your annual salary to
> hourly
> by dividing by 2000 (40 hours a week x 50 weeks).  Add in 30-50%.  Is it >
> $100?  You could also calculate the number of hours of paid time off -
> holidays, sick, etc., multiply by the imputed hourly rate, and add that to
> the base.  Then also add in what you're going to save for dental and any
> other bennies they're offering - payments into a retirement plan, etc..
>
> Rocky
>
>
>
>
>
>
> -----Original Message-----
> From: dba-tech-bounces at databaseadvisors.com
> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Arthur Fuller
> Sent: Thursday, January 10, 2008 9:05 AM
> To: Discussion of Hardware and Software issues
> Subject: [dba-Tech] Full-Time v. Contract
>
> Does anyone have any useful tips on how to calculate a salaried position
> v.
> a contract? Obviously a contract should pay more, since there are no
> benefits (dental plan, holidays, etc.), but I've been a contractor for
> ages
> and lately have been asked if I'd take a position instead. I can see the
> merits to switching, but I can also see downsides. Let's assume for the
> sake
> of simple argument that your contract wage is $100/hr, and that the
> position
> offers $x + dental plan, 3 weeks holidays, the opportunity to take a
> course
> or two a year at company expense, etc., not to mention the illusion of
> permanence. Fact is, I don't think that I've ever worked 49 weeks in a row
> as a contractor. So the simple calculation of 40 * 50 * 100 misses the
> mark
> by a wide margin.
>
> Any rules of thumb? Any on-line calculators for this sort of thing?
>
> TIA,
> Arthur
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