(OT) How much more do you charge as a consultant, vs. salary?

Question

How much do you charge as a freelance consultant, vs a normal
annual salary?
On average, percentage-wise?
Say you made 70k as a full-time employee last year... how
much do you charge
the next company who wants to hire you, on-site with full
hours, but only as
a freelance consultant to start?
(Note that this company has no health benefits for its own
full-time
employees, though most of them are, unlike you, full-time.)

Answer 1

> How much do you charge as a freelance consultant, vs a
normal annual
> salary? On average, percentage-wise?
Salaried employees typically get paid slightly less then they
are worth.
Consultants typically get paid 4 times what they are worth.
> Say you made 70k as a full-time employee last year...
how much do you
> charge the next company who wants to hire you, on-site
with full hours,
> but only as a freelance consultant to start?
>
> (Note that this company has no health benefits for its
own full-time
> employees, though most of them are, unlike you,
full-time.)
OK, serious answer: You've already answered that yourself.
You just need to do the formula:
(total annual take home pay you want or need + total annual
expenses) / #
billable hours you work a year = your hourly consultant rate
The two things to keep in mind:
1) List ALL expenses (tax liability, insurance, office, car,
software,
hardware, paperclips, etc, etc, etc)
2) don't think you'll be billable 40 hours a week as an
independent. You
have to account for marketing time, networking, office
management, vacation,
etc.
-Darrel