[dba-Tech] Full-Time v. Contract

Now take our typical congressman making $162.5K / year.  Multiply that times
10, throw in graft and corruption allowances...

All the more reason to just fire the government.  ;-) 


John W. Colby
Colby Consulting
www.ColbyConsulting.com 
-----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 11:50 PM
To: Discussion of Hardware and Software issues
Subject: Re: [dba-Tech] Full-Time v. Contract

Wow. That certainly places things (Canadian) in perspective.

On 1/10/08, Jim Lawrence <accessd at shaw.ca> wrote:
>
> Hi Arthur:
>
> When working for a Salary and accepting the normal set of basic 
> benefits it usually costs the employer about 50% more. That is, if you 
> are getting paid $35.00 per hour from an employer, on salary, the 
> employer will be required to pay an additional, 2 to 3 weeks holidays, 
> 50% CPP, 50% Unemployment insurance, super-annulation, medical, 
> dental, and then the cost of accounting and filling etc. In addition 
> they have to pay for your work location, phone, (an cell phone 
> needed), the costs of adding and supporting you within their 
> infrastructure. So for an employer to pay you $35.00 per hour it will 
> cost them $70.00 per hour. They will probably have to bill you out at 
> over a $100.00 to make a profit.
>
> If you are under contract and you expect to clear the same as an 
> employee ($35.00 per hour) you will have to charge $70.00 per hour. 
> Now if you consider your down time add another $20.00 per hour and you 
> are just about even.... at a rate of $90.00.
>
> There was a calculation done a few years ago that tried to calculate 
> the cost of a government employee that was being paid $17.00 per hour. 
> When the medical, dental, training, CPP, unemployment insurance, 
> accounting, desks, computers, system support, building rent and 
> maintenance, lights, heat, management costs etc...;the cost of an 
> employee was between $120.00 and $160.00 per hour.
>
> Jim
>
> -----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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