Salary = what rate/hr?
Out of context: Reply #6
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- xrusos0
quick an easy way to figure hourly wage is to divide annual salary by 2k. (i.e. 50k / 2k = $25)
this is an approximate.
as for additional costs... it is commonplace to account for 10-15k extra for benefits (insurance, taxes, etc.).
but remember you now have a lot more costs... computers, software, materials, office equipment... so add more for that.
plus you have to account for down time... and time you have to go do free consultations and make cold calls.
all in all i'd estimate double what you were getting paid hourly at your 50k gig. so i'd charge at least $50/hr.
another consideration... try not to charge hourly at all... i mean keep that info in your head, and for extra stuff you do for a project, but instead of charging hourly, charge per project. that will help you stay competitive with the market, as well as make sure you get your cash in solid increments. and usually clients like that better too. (often afraid of what may seem a high hourly rate to them.)