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A long, poorly written article that says a lot of contractors use a 2080 hour year as the basis for rates, instead of a 2087 hour year, which would account for
by mattmcknight 18y ago
A long, poorly written article that says a lot of contractors use a 2080 hour year as the basis for rates, instead of a 2087 hour year, which would account for leap years. It's just not a realistic statement anymore, given that most people I work with aren't paid on an hourly basis. Not to mention that the cost of the changes to the accounting systems would likely be greater than the cost reduction, which would then be put back into the rates as overhead.