My rule of thumb as a contractor is to take the hourly rate x2100 to get an equivalent full-time salary plus benefits, 401k, vacation, etc.
Fractional CTO | $368k - $420k
Senior AI Engineer | €179k - €210k
Senior Full-stack Engineer | $263k - $315k
Staff Frontend Engineer | $252k - $378k
AI Engineer | $210k - $263k
Given that the rates are decent. Not the best out there but decent. I'd consider this before Upwork where contract rates are criminally low.
Yeah but the details don't matter when you say "full time equivilant". Just health insurance alone will be far far far more than you are allowing. Then there's all the tax implications. Like, if you said 2500x I might consider beleiving you. 3000x I'd probably believe you.
Every contractor already knows all this. And those who don't learn quick.
I'm not clear what you're arguing here.
When I evaluate an hourly rate, I multiply by 2100 and ask myself if this is a reasonable salary & benefits total package.
So if my rate is $125 an hour, that comes to $263k, which is a base salary of around $200k plus healthcare, self-employment taxes and sick/vacation time, etc. Now my healthcare costs might be lower than others and I don't factor in retirement because I work primarily for startups, but again this is why each contractor calculates differently.
I wouldn't multiply it by more hours if it was insufficient, I would just raise my rate.
The normal compensation for full time work is x2080. Do you actually value 401k, benefits, time off, etc at only 20 hours wage per year?