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> They pay the employee $.7X, and charge the client $X for every hr worked. That's a failing consulting company. A profitable consulting company needs to bill
by xapata 10y ago
> They pay the employee $.7X, and charge the client $X for every hr worked.
That's a failing consulting company. A profitable consulting company needs to bill at 3x to 5x wages to support the overhead of sales and management. Even an individual, with no overhead but themselves, needs to bill at 2x what their desired wage would be if full-time.
- snowwrestler 10y agoI read original comment far above as saying that the company takes 70%, leaving 30% for the H1b employee. Or if the employee finds their own "job" (consulting gig), then the company only takes 60%. As you say, that seems more in line with typical consulting hourly mark-up.