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Employee overhead is usually an additional 15%-20% of their salary (benefits, perks, etc). So if you are looking at doing the work as a contractor just add 25%
by jppope 7y ago
Employee overhead is usually an additional 15%-20% of their salary (benefits, perks, etc). So if you are looking at doing the work as a contractor just add 25% onto what you would ask for as an employee: $100K turns into $125K
- tboyd47 7y ago25% is a very low-ball number. Self employment tax: 7.5% Health insurance premium = 15% PTO + other benefits (life insurance, 401k, equipment, etc.) = 15% or more And there should be a premium on top of that for non-perm. The cost of contract renewal negotiations every year is non-zero.