Although hourly rates are obviously always subject to market forces, I understand from a few sites that a widely used guide as to what you can reasonably expect to charge is as follows:
Suggested hourly rate = 'Equivalent' perm salary / 1000
This looks simple enough but my question is, what exactly is meant by 'perm salary'? To explain what I mean by this question, I can say that in perm employment I would typically get about 80K annual base salary plus a regular annual bonus of about 12K plus a regular car allowance of about 8K, thus totalling about 100K.
So my question is, is my suggested hourly rate = 80K / 1000 = 80 / hr, or is it 100K / 1000 = 100 / hr?
An answer on this will be much appreciated. I'm new on here so please be gentle with me! Also please forgive me if this question has been asked umpteen times before!
Thanks in advance.
Suggested hourly rate = 'Equivalent' perm salary / 1000
This looks simple enough but my question is, what exactly is meant by 'perm salary'? To explain what I mean by this question, I can say that in perm employment I would typically get about 80K annual base salary plus a regular annual bonus of about 12K plus a regular car allowance of about 8K, thus totalling about 100K.
So my question is, is my suggested hourly rate = 80K / 1000 = 80 / hr, or is it 100K / 1000 = 100 / hr?
An answer on this will be much appreciated. I'm new on here so please be gentle with me! Also please forgive me if this question has been asked umpteen times before!
Thanks in advance.
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