Query: Contract position wages

Discussion in 'VHDL' started by jaspalbhullar@yahoo.com, Apr 5, 2008.

  1. Guest

    Hello all,

    I have a question regarding what salary to expect for a contract
    position. This would be a long term (1 year) contract position. Of
    course without all the benefits (health, vacation, profit sharing,
    stock options etc..).
    Note: I am currently not in a position to bargain, i.e. don't have a
    job in hand.
    Using 100 as the normal salary for a full time employee for this
    position, any suggestions how much would be a good figure to ask for.
    Also would it be of any benefit to be salaried by the hour, rather
    than accepting an annual pay package (which I am assuming means no pay
    or time-in-lieu for excessive hours)

    Thanks,
    Jaspal
     
    , Apr 5, 2008
    #1
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  2. wrote:

    > I have a question regarding what salary to expect for a contract
    > position. This would be a long term (1 year) contract position. Of
    > course without all the benefits (health, vacation, profit sharing,
    > stock options etc..).
    > Note: I am currently not in a position to bargain, i.e. don't have a
    > job in hand.


    In that case, what difference does it make?

    > Using 100 as the normal salary for a full time employee for this
    > position, any suggestions how much would be a good figure to ask for.


    200. Never hurts to ask.

    -- Mike Treseler
     
    Mike Treseler, Apr 5, 2008
    #2
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  3. Guest

    >
    > In that case, what difference does it make?
    >


    I DO want the job :)

    > > Using 100 as the normal salary for a full time employee for this
    > > position, any suggestions how much would be a good figure to ask for.

    >
    > 200. Never hurts to ask.


    This will certainly rule out the point above


    Jaspal
     
    , Apr 6, 2008
    #3
  4. Bill Mills Guest

    On Apr 5, 1:43 pm, wrote:
    > Hello all,
    >
    > I have a question regarding what salary to expect for a contract
    > position.  This would be a long term (1 year) contract position. Of
    > course without all the benefits (health, vacation, profit sharing,
    > stock options etc..).
    > Note: I am currently not in a position to bargain, i.e. don't have a
    > job in hand.
    > Using 100 as the normal salary for a full time employee for this
    > position, any suggestions how much would be a good figure to ask for.
    > Also would it be of any benefit to be salaried by the hour, rather
    > than accepting an annual pay package (which I am assuming means no pay
    > or time-in-lieu for excessive hours)
    >
    > Thanks,
    > Jaspal


    Maybe pick up a copy of "Working for yourself," by Stephen Fishman

    Like my old CPA said to me, "Welcome to the world of the self
    employed!"

    gl!
    Bill
     
    Bill Mills, Apr 7, 2008
    #4
  5. wrote in Spring:
    |----------------------------------------------------------------------|
    |"I have a question regarding what salary to expect for a contract |
    |position. This would be a long term (1 year) contract position. [..]"|
    |----------------------------------------------------------------------|

    I do not know, but I can give you a datum. I have just started a
    very short-term (approximately two months long, but it is somewhat
    flexible depending on whether I deliver before deadlines as payments
    will depend upon delivering results at acceptable times instead of
    simply being paid for spending time doing nothing) contract. The
    value of the contract is approximately 4000 Euro.

    Regards,
    Colin Paul Gloster

    P.S. I am still searching for a longer term scholarship or
    assistantship or for employment to start later (not before
    June 2008).
     
    Colin Paul Gloster, May 23, 2008
    #5
  6. rickman Guest

    On Apr 5, 7:00 pm, wrote:
    > > In that case, what difference does it make?

    >
    > I DO want the job :)
    >
    > > > Using 100 as the normal salary for a full time employee for this
    > > > position, any suggestions how much would be a good figure to ask for.

    >
    > > 200. Never hurts to ask.

    >
    > This will certainly rule out the point above
    >
    > Jaspal


    My experience has been that it varies depending on the company.
    Normal consultant rates are anywhere from 200% upward. This covers
    the costs of benefits, which include things that you don't like
    training, and the overhead of being un^H^Hselfemployed. That overhead
    covers the time you spend looking for work and the time required to
    manage your "business", which is what it is, a business.

    But then some companies seem to think that they can hire you by the
    hour at the same rate they would pay a regular employee. I have been
    out of work before, but never to the point where I would accept a job
    at below market rates.

    However, there can be mitigating circumstances. For example, if the
    job is very flexible letting you work from home, or if it is a new
    area that will give you a chance to learn technologies that are new to
    you. Then you might consider lowering your rates.

    If you consider quoting a fixed price, then you need to be very, very
    careful. It is very common for engineers to underestimate the time
    required to complete a job. I do it all the time... :^) But then I
    am not charging at under the 200% figure I quoted above and I always
    take my most pessimistic estimate and add 20% to 50% depending on my
    risk factor.

    My current task included ongoing manufacturing for a module to supply
    to a large networking company. If the volumes pan out, this will be
    fairly lucrative. It was only possible because I *didn't* underbid
    myself.
     
    rickman, May 24, 2008
    #6
  7. On 23 Mai, 13:22, Colin Paul Gloster <>
    wrote:
    > will depend upon delivering results at acceptable times instead of
    > simply being paid for spending time doing nothing) contract. The
    > value of the contract is approximately 4000 Euro.


    I hope you get this per month. 4k is a lot of money for someone
    unemployed, could be more than a year income for someone doing
    assembly in china or east europe, but is not much for a 2 month
    developing contract in an industrial state.

    bye Thomas
     
    Thomas Stanka, May 26, 2008
    #7
  8. rickman Guest

    On Apr 5, 4:43 pm, wrote:
    > Hello all,
    >
    > I have a question regarding what salary to expect for a contract
    > position. This would be a long term (1 year) contract position. Of
    > course without all the benefits (health, vacation, profit sharing,
    > stock options etc..).
    > Note: I am currently not in a position to bargain, i.e. don't have a
    > job in hand.


    You can always bargain. If you have no job, say you are "consulting"
    or working "freelance", not "unemployed". Personally, I am *never*
    unemployed. I alway work for myself,... no, really!


    > Using 100 as the normal salary for a full time employee for this
    > position, any suggestions how much would be a good figure to ask for.
    > Also would it be of any benefit to be salaried by the hour, rather
    > than accepting an annual pay package (which I am assuming means no pay
    > or time-in-lieu for excessive hours)
    >
    > Thanks,
    > Jaspal
     
    rickman, May 28, 2008
    #8
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