Quote:
Originally Posted by Nufy
Is there a ballpark conversion for switching from contract back to a regular employee ?
Rate per hour to salary etc...
Just curious.
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Ballpark'ish'ish... or at the very least some perspective in the link below. The key is to very the entire article and not just stop at the top calculation and go "oooooh".
Contractor costs may include technology (computer, phone, etc), home office, benefits/health/insurance, accounting, taxes, etc, incorporation costs, errors and omissions insurance, other liability etc...
https://www.toptal.com/freelance/don...nd-consultants
I also have a spreadsheet I've slowly built up to compare staff vs contract role. The following are my line-items for "equalizing" offers:
Hourly Rate; Base Salary; Overtime; Bonus; Pension; RRSP; Benefits / HCSA; CPP EI; LTI; Contractor Costs; Vacation - in base?; Stats - in base?; Flex - in base?
Total Comp = ??
$/working day
Effective $/hr
Base hourly