Hiring dating consultants

If you land a six-month gig that’s better, except it’s hard to time large deals like that to start and end when you want, months in advance; in fact it’s common to have 2-3 weeks of down-time between such things.

Recomputing the cost of the remaining hours, we have: 20 WD/month, $31/hour We also have employment tax in America.

Rules are complicated and vary by state, but as a rule of thumb you pay 15% in taxes including Medicare and Social Security.

That changes the annual cost of your employee from $60,000 to $69,000 with an associated change in hourly cost: 20 WD/month, $36/hour We’ve assumed an 8-hour work day, but any owner of a consulting company will tell you this rarely happens. It’s hard to be billable for 8 hours a day, every day.

Consulting can be a great way to fund a startup or make a bunch of cash.

It’s easy to start; Just pick an hourly rate and jump in.

But someday soon you’ll notice there’s only so many billable hours in the day, and you’ll be tempted to expand. Here’s what really happens, and a few ways to combat it. There’s 2,000 working hours in a year — 40 hours per week times 50 weeks, leaving two weeks vacation.Maybe hire an employee for per hour and re-bill them at . So your cost per hour is: Nominal Cost: /hour In terms of working days (WD), there’s 250 in a 50-week year.From what I’ve seen the weekly billables are more like 36 hours instead of 40.That means you’re short 16 hours per month, which is equivalent to missing two full (8-hour) days.With this loss, now we’re at: 18 WD/month, /hour Then personal life intrudes. All very reasonable and it doesn’t sound like much, but two half-days and a sick day means another two days lost: 16 WD/month, /hour We’ve assumed you’re able to keep your employee completely busy throughout the year without down-time between projects, but that’s unrealistic.You come in at noon because you had a morning dentist appointment. If you get two-week gigs, maybe there’s a day between them where the timing didn’t quite work out or you did some post-contract clean-up.

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