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re: How much should I request when moving from contractor to full-time employee?
Posted on 9/22/14 at 11:38 pm to Croacka
Posted on 9/22/14 at 11:38 pm to Croacka
quote:
Even though indirectly, the F500 company was always paying for his benefits, contract or not
My wife works as a contractor, in a very similar situation as the OP (with 2 middle layers) and she gets no benefits - 401(K)/health insurance/dental. But she makes more than she ever would as a full-time employee. Since I get insurance from my full-time job, we have decided for economic reasons it is better if she stayed on as a contractor. So I am just going by my our own experience. However, there will always be exceptions. No doubt, the OP should do some digging to see what the reservation price of the employer is (channeling my Negotiations class here) and go from there.
1
Posted on 9/23/14 at 6:13 am to saintforlife1
It really depends on the benefits the direct hire company will pay compared to the contractor.
I work for a contractor now and their markup is $20/hr over my pay. This $20/hr must pay for all my benefits/PTO/medical insurance/401K plus the markup for the contractor to make money.
If the direct hire company has better benefits, then it will raise their cost of the employee versus the contractor.
In my case, the direct hire company has better benefits, so it will raise the cost of the employee if they hire them. That is why many use contractors. That plus they don't have to handle the paperwork, payroll, and screening of the employees.
I work for a contractor now and their markup is $20/hr over my pay. This $20/hr must pay for all my benefits/PTO/medical insurance/401K plus the markup for the contractor to make money.
If the direct hire company has better benefits, then it will raise their cost of the employee versus the contractor.
In my case, the direct hire company has better benefits, so it will raise the cost of the employee if they hire them. That is why many use contractors. That plus they don't have to handle the paperwork, payroll, and screening of the employees.
This post was edited on 9/23/14 at 6:14 am
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