Hi I am a software engineer. I'm in the process of negotiating with my current employer about my 1099 hourly rate. The background is that I was contracted to my current employer through a contracting/staffing agency do software programming, the contract was originally for 6 months, it has since ended. While under the contract,I was getting paid w2 hourly for 35 dollar per hour. I was eligible for health insurance, dental insurance, vision insurance, 401k plan after 500 hours of working, short term disability insurance, long term disability insurance, workers compensation, life insurance etc. I don't get paid for any holidays, personal vacation days or sick days. I only get paid for the hours I work. and the maximum hour is 40 hours per week, no over time pay.
And now my employer decided that they want to convert me to a 1099 employee, and is now offering me the same rate at 35 dollars an hour. I realize that this is an offer lower than the 35 dollar w2-hourly since I will be losing all the benefits and will be paying more taxes, I am trying negotiate an offer that is equivalent to w2 hourly(when I had the mentioned benefits) According to my situation, what is a reasonable rate that I can bargain for? Thanks for the help, I am new to the 1099 world.