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Why is the annual employment rate offered to him so high but rate per hour so low? Is that the norm? What hourly rate do you get?
by theyinwhy 9y ago
Why is the annual employment rate offered to him so high but rate per hour so low? Is that the norm? What hourly rate do you get?
- kolpa 9y agoDifferent companies offer different levels/pay to the same candidates on different days. Don't look for too much in a small ample.
- sincerely 9y agoIsn't 65/hour like 130,000$/year? That seems in-line with the salaried positions
- toomuchtodo 9y agoIt's $124,800 assuming zero downtime and fully booked weeks all year, with no PTO. Don't compare 1099 hourly to a W2 with benefits unless you've made a very careful comparison of total comp.
- cimmanom 9y agoHow does that math work out? $65/hr = $130K/yr is using a pretty standard 2000 hrs/yr estimate. 52 wks/yr * 5 days/wk * 8hrs/day = 2080 hrs. So the 2000hr ($130K) estimate assumes 2 full weeks PTO. $124,800 works out to only 1920 hrs/yr, which is 48 weeks of 40hr/wk work. ETA: but yes, once you take into account benefits, taxes, and other expenses, one would want a significantly higher 1099 rate anyway.
- toomuchtodo 9y agoI wasn’t aware of the 2000 hours a year estimate. TIL!