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As a curiosity, how much are you paying your consultants vs. your employees? I ask this as a consultant who has had several clients try to hire me as an FTE. T
by tonyarkles 11y ago
As a curiosity, how much are you paying your consultants vs. your employees?
I ask this as a consultant who has had several clients try to hire me as an FTE. The consulting life isn't always awesome, but there are certainly financial and lifestyle perks to it. Here's a few of them:
- work remote/from home pretty much whenever I want to
- "unlimited" unpaid holidays (as in, if I don't do any work on Tuesday, I don't get paid, but I don't get fired either)
- 100% paid "overtime", I get paid for every hour I work at the same rate. No multipliers for extra time, but no expectation that I'm going to work for free.
- No penalty for "moonlighting" - If an interesting project comes my way and I can fit it into my schedule, I'm more than welcome to.
- My current invoicing rate is $120CAD/hr. I'm definitely not at a 100% utilization on that, but the given the other perks, it works out to a very comfortable living.
As an unrelated curiosity, do you have developers right now who you feel are awesome? Do they not having anyone in their close networks that they could try to bring in?
- polack 11y agoI think we are paying around 1.6 times more for the consultants right now. I understand that many of them have pretty sweet deals, but at the same time there is a lot of perks being employed over here too, especially if you have kids. We have some great developers now, all of whom came in on personal connections, but it feels like we hit a stop there.
- tonyarkles 11y agoSo using my numbers and fudging a little bit for the CAD/USD exchange rate and not knowing where you're located... My consulting rate is $120CAD -> $90USD. $90USD/1.6 = $56.25USD. On a pure hourly basis, that works out to ~$125kUSD/yr. Is that in the ballpark of what you're offering for salary?