How much to charge as a freelance consultant (vs annual salary)?

MSchmidt wrote:

How much do you charge as a freelance consultant, vs a normal annual salary? On average, percentage-wise?

Say you made 70k as a full-time employee… how much do you charge the next company who wants to hire you as a freelance consultant? Note that this company has no health benefits for its own full-time employees, though most of them are full-time.

$75US per hour

On Wed, 13 Aug 2008 11:41:06 -0400, "MSchmidt" wrote:

How much do you charge as a freelance consultant, vs a normal annual salary? On average, percentage-wise?

Say you made 70k as a full-time employee… how much do you charge the next company who wants to hire you as a freelance consultant? Note that this company has no health benefits for its own full-time employees, though most of them are full-time.

Then don’t go to work for them even as a consultant unless they are going to pay you enough for you to afford insurance…. and decent insurance too.
This BS with companies pocketing the lion’s share of the profits all on the pretense that they take all the risks is just that. Unmitigated BS. Employees go out there every day for this guy and risk their health and continued livelyhood without even the slightest protection against injury…. that’s risking more for this business than the investors are risking.

Sorry for the rant. I’ll hush now.

"John" wrote in message

MSchmidt wrote:

How much do you charge as a freelance consultant, vs a normal annual salary? On average, percentage-wise?

Say you made 70k as a full-time employee… how much do you charge the next company who wants to hire you as a freelance consultant? Note that this company has no health benefits for its own full-time employees, though most of them are full-time.

$75US per hour

Yes…that should give you enough to buy your own benefits, if it’s steady.

"MSchmidt" wrote in message

How much do you charge as a freelance consultant, vs a normal annual salary? On average, percentage-wise?

Say you made 70k as a full-time employee… how much do you charge the next company who wants to hire you as a freelance consultant? Note that this company has no health benefits for its own full-time employees, though most of them are full-time.

A good rule of thumb is roughly twice the hourly pay that you received as a full-time employee. Then adjust up or down, based on the market. $70-75/hr sounds about right for the example you give.

"MSchmidt" wrote in message

How much do you charge as a freelance consultant, vs a normal annual salary? On average, percentage-wise?

Say you made 70k as a full-time employee… how much do you charge the next company who wants to hire you as a freelance consultant? Note that this company has no health benefits for its own full-time employees, though most of them are full-time.

How much work are they going to give you?
2 hours a week, charge them 100$ an hour.
40 hours a week…subtract the insurance you will have to get on your own and other benefits..vac, sick, 401k match, etc… from your current pay. Now you will have a hard number to stare at.

Then try to find out how much money they will get from your work per hour.

$75US per hour is exactly what our rural auto shop charges for labor.

"vinny" found these unused words:

"MSchmidt" wrote in message

How much do you charge as a freelance consultant, vs a normal annual salary? On average, percentage-wise?

Say you made 70k as a full-time employee… how much do you charge the next company who wants to hire you as a freelance consultant? Note that this company has no health benefits for its own full-time employees, though most of them are full-time.

How much work are they going to give you?
2 hours a week, charge them 100$ an hour.
40 hours a week…subtract the insurance you will have to get on your own and other benefits..vac, sick, 401k match, etc… from your current pay. Now you will have a hard number to stare at.

Then try to find out how much money they will get from your work per hour.

Not quite … there’s no guarnatee of the 40 hours unless you have a yearly ‘minimum’ contract.

In addition to health insurance, there are many other charges a ‘sub-contractor’ [that’s what you become] has to pay. In addition, you’ll also hav to supply the programs and computers, sample prints, etc, etc, etc !!!

Minimum: figure you might average 20 hours per week, so charge at 4-5 times your current hourly compensation.