Timeline for Do Software Engineer contractors really make more than salaried engineers? [closed]
Current License: CC BY-SA 3.0
29 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 14, 2017 at 7:23 | comment | added | Walfrat | In france yes, one of the most basic reasons is because they want their engineers to not leave to their client, so they pay more. | |
| Dec 31, 2014 at 18:52 | review | Reopen votes | |||
| Jan 6, 2015 at 12:23 | |||||
| Dec 29, 2014 at 14:16 | history | closed |
gnat IDrinkandIKnowThings user8036 Chris E Garrison Neely |
Needs more focus | |
| Dec 27, 2014 at 17:21 | review | Close votes | |||
| Dec 29, 2014 at 14:16 | |||||
| Dec 27, 2014 at 0:43 | answer | added | totor premier | timeline score: 5 | |
| Aug 5, 2014 at 21:26 | answer | added | daaxix | timeline score: 24 | |
| Aug 5, 2014 at 21:06 | answer | added | BryanH | timeline score: 8 | |
| Aug 5, 2014 at 20:09 | answer | added | user22432 | timeline score: 0 | |
| Aug 5, 2014 at 17:26 | comment | added | JohnFx | @BoratSagdiyev "in spades" is an idionym that means "to a high degree" or "a lot of it" | |
| Aug 5, 2014 at 4:41 | answer | added | Erran Morad | timeline score: 3 | |
| Aug 5, 2014 at 4:26 | comment | added | Erran Morad | @JohnFx - what does work it in spades mean ? | |
| Dec 4, 2013 at 5:03 | comment | added | daaxix | Yes, as vartec said, when corp-to-corp, the multiplier is mostly between 2 and 3 (i.e. 100% to 200% more) because of all of the hidden costs of regular employees that contractors SHOULD be charging for, like health benefits, rent, computers and equipment, SS and Medicare taxes, accountant fees, and other costs of business. I've put together a detailed spreadsheet for this purpose and even if I skimp heavily on most of these costs, the multiplier never goes below 2. So most of the answers above (and below) are really uninformed or people working for much less than market in the end. | |
| Nov 22, 2012 at 19:07 | comment | added | tunafish24 | @foampile: checkout glassdoor.com | |
| Nov 22, 2012 at 10:46 | comment | added | vartec | actually in Europe it's like 50%-100% more for contractor, because then employer doesn't have to pay: vacation time (which is 25-28 workdays depending on country), medical insurance, retirement contribution, etc. And of course there is full flexibility of contract termination, which is not the case with full-timers. | |
| Nov 21, 2012 at 15:21 | comment | added | amphibient | in which area is the ad for a sr. softw. eng. w/8 yrs of experience for 125K? i live in DC, which is fairly high in terms of compensation and i have seldom seen that much in ads. | |
| Jun 18, 2012 at 22:10 | comment | added | Chris C | Just to add a different perspective, my first job out of college was a contractor web dev job at $15 an hour on a 1099, for an area where entry level work is usually around 40-45k. Had I not been so naive at the time, I would've turned it down. As it was, the low rate nullified any of the benefits of being a contractor, especially because doing your taxes keep you starving for money at such rates. | |
| Jun 15, 2012 at 18:13 | answer | added | Michelle | timeline score: 45 | |
| Jun 15, 2012 at 18:05 | answer | added | JohnMcG | timeline score: 4 | |
| Jun 15, 2012 at 17:13 | answer | added | Morons | timeline score: 1 | |
| Jun 14, 2012 at 15:28 | comment | added | HLGEM | And remember the salary is highly dependent on the geographic area of the job. If you aren't in the Silcon Valley you can't count on their level of salary. The consultants who make the most are also highly skilled, you may or may not qualify for those types of positions whcih is why you are being offered lower rates. | |
| Jun 14, 2012 at 15:00 | answer | added | user8365 | timeline score: 6 | |
| Jun 14, 2012 at 11:11 | comment | added | maple_shaft | I find contracting works well for me when I do it on the side for disposable income and I can work from home. Even if the client is an absolute trainwreck that is floundering in the tarpits of their own incompetence and treats you like money sucking garbage, I am still happy with this because I don't need the money and I hold all the cards. I generally figure about 30% of what I would make on salary (10% federal, 15% ss taxes, 5% state and local and then of course if you are 1099 you can write off business expenses Eg. new computer, mileage+wear and tear (.55/mile this year!), software, etc | |
| Jun 14, 2012 at 4:44 | answer | added | Michael Durrant | timeline score: 8 | |
| Jun 14, 2012 at 2:35 | answer | added | jfrankcarr | timeline score: 59 | |
| Jun 14, 2012 at 2:29 | comment | added | JohnFx | One thing you are missing in your formula is that most salaried people don't get overtime, and most IT people work it in spades. | |
| Jun 14, 2012 at 0:09 | answer | added | Justin Cave | timeline score: 16 | |
| Jun 14, 2012 at 0:00 | comment | added | tunafish24 | What I'm asking is do companies actually(normally) pay 20-30% more per hour to contractors than salaried employies because the offers I'm getting (salaried vs contract) don't back that up. | |
| Jun 13, 2012 at 23:51 | comment | added | Justin Cave | Are you asking "Do there exist contractors that make more than $100/hr"? Are you asking "Are there contractors at some particular big company that are making $100/hr"? Are you asking "Would a large company be willing to hire me as a contractor at $100/hr rather than as an employee making $125k/year?" Or are you asking something else? | |
| Jun 13, 2012 at 23:34 | history | asked | tunafish24 | CC BY-SA 3.0 |