General Question

calidreamin's avatar

What would a contract worker charge to move from part-time to full-time work?

Asked by calidreamin (2points) May 21st, 2008

I am “self-employed” and do hourly contract work for this one company. They are looking to give me “full-time” status, although I would still be under contract and NOT a salaried employee. I believe they are looking to give me a yearly rate (to be paid monthly) instead of hourly. So my question would be, how do I figure out what is an appropriate amount to charge? Do I (a) just keep my hourly rate and multiply it by the average of 2,080 hours in a year; (b) ask for more than that because they would have higher expectations of my work now that I’m full-time (and I could potentially be working more than a 40/hr workweek); or (c ) ask for less because they are guaranteeing that I make a certain amount and I have more security (even though this is false security since I’m not salary)? If anyone has insight or lessons from experience, I would greatly appreciate the feedback. Thanks!

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2 Answers

marinelife's avatar

I have been in this situation and its variations (I have also gone form contract to full-time employee and FTE to contractor.)

I don’t think anything changes rate-wise. You may be full-time, but you are still a contract worker. Your rate stays higher than a comparable employee hourly rate, because you are having to pay your own benefits.

a) Multiply your rate by 2,080 and you should be offered at least that.
b) No on the more, but you should make sure you still get overtime. You are not a salaried employee.
c) No on the less. You won’t be working less.

jlm11f's avatar

I agree mostly with Marina. The only thing I differ on is I would ask for a little more, since as a full time employee, I will be losing out on getting contracts from other companies. And since you are still on contract, you will not be getting health and other benefits which YOU still need to pay for yourself and your family. By reducing your availability and committing to the company like that, asking for a little more should be expected. DEFINITELY do not ask for less. Job security is a myth anyway.

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