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That is about 1 month cost of an average Engineer at a big company. So as longs as the freelancer provide as much as value as your average employee in 1 monh t
by cambalache 7y ago
That is about 1 month cost of an average Engineer at a big company. So as longs as the freelancer provide as much as value as your average employee in 1 monh the company is doing a good decision. It is even better because the expertise of the freelancer tends to be high.
- jorvi 7y ago$500 per hour, 8 hours a day, 5 days a week gives $20k a week, $80k a month or (let's be charitable and say you earn a $40k bonus) $1 million a year. I don't know what the split between benefits and pure salary is in America, but let's put it at 2/3. Does the average engineer at a big corp really pull in $666.000 a year..?
- TomMarius 7y agoYes, if you include stock options
- why_only_15 7y agoThe average engineer doesn't pull this much. Maybe ~300-400k/yr but not 600k/yr, even with RSUs.
- ska 7y agoFor what it's worth the average engineer doesn't get anywhere near 300k/yr. SV rates in some sectors have really distorted peoples view of what is actually being paid across the industry.
- exdsq 7y agoThe average engineer doesn't pull in 300-400k either
- why_only_15 7y agoat a faang in the bay area? if not that pretty close to it
- blackrock 7y agoWhat is $666.000 a year? Is this $666 per year? I think you’re missing a comma somewhere. ;-)
- littleweep 7y agoIn parts of the world other than the US they use '.' instead of ',' to punctuate numbers. The poster above meant "$666,000".
- blackrock 7y agoObviously..
- jonas21 7y agoI think you're misunderstanding the parent. Their comparison is between: (1) a 50 hour contract at $500/hr = $25K (2) 1 month of paying a full-time engineer = $25K (i.e. $300K/yr including payroll taxes and benefits) If a freelancer comes in with specialized knowledge for solving a particular problem, it can be quite easy for them to add more value in 50 hours than an average engineer would in a month, and therefore it's worth it.
- cambalache 7y agoExactly, I suspect that depending on the problem and the expert the value multiplier could be in the double digits.Something freelancers should think about when proposing and charging their work.