Transitioning from being an employee to being a contractor can take some thought. For example, how does an annual salary as an employee translate to an hourly rate as a contractor? Let us help you figure that out! Just enter in a few details below to find out what hourly rate you should target.
|Working Hours:||2080 - (Time off * 8)|
|Base Rate:||Salary / Working Hours|
|Benefits & Taxes:||(Health*12) + (Salary*401K match) + (Salary*7.65% if self employed)|
|Rate after Benefits & Taxes:||Base Rate + ((Benefits & Taxes)/Working Hours)|
|Contracting Rate Inclusive of Capacity:||Rate After Benefits & Taxes / Annual Capacity|