5 ms·
Easy rule of thumb is to double the hourly rate to get a rough estimate of the yearly salary, so $30/hr ~ $60k a year. If a company where to hire an undergrad s
by therobot24 12y ago
Easy rule of thumb is to double the hourly rate to get a rough estimate of the yearly salary, so $30/hr ~ $60k a year. If a company where to hire an undergrad stats major they might pay $60k as a starting salary. Since the post is about freelance work they may have had someone in HR basically extrapolate this salary to ~$30/hr. Of course short term freelance work is going to work on a different pay scale, but there are plenty of examples where companies either try to get away with it or just plain don't understand the difference.
- lgas 12y agoThe "double the hourly rate" rule works from the employee's perspective -- $30 hr x ~2000 hrs worked in a year = $60k, but not from the employers, because the fully loaded cost of an employee with a $60k salary is probably over $100k.