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Doesn't seem that far off what I've seen. Example would be $130/hr billed, $80/hr paid to a contractor or $50/hr paid to a FT employee. We don't have any "self-
by nopassrecover 13y ago
Doesn't seem that far off what I've seen. Example would be $130/hr billed, $80/hr paid to a contractor or $50/hr paid to a FT employee. We don't have any "self-employment tax" though (beyond standard income tax).
Juniors on the other hand get pretty exploited in the name of "earning their stripes" - I've seen a few accounts over the years of billing at $80-150/hr and the employees getting $15-25/hr..
I think the local average for recruiters and agencies (usually one and the same here) is 15% of first-year wage for FT placements, or $30/hr margin for contract work.
- nknighthb 13y agoWho is "we"? You're apparently in Australia, for example, which is of key importance to understanding the numbers in your comment, because of both its unusually high cost of living, its tax structure, and the provisioning of social services. If jetblackio is in California, he's getting ripped off (doubly so if he's a 1099 and/or pays any substantial amount for his health plan). If he's in Wisconsin or Canada, he's probably doing OK. If he's in a country that doesn't use a currency called "dollars" but he's incorrectly using the dollar sign anyway, that throws everything completely out of whack. This is why I asked where he is.
- nopassrecover 13y agoRight, was just providing a point of context, although clearly forgot to anchor it (Australia is correct).