NYCPHP Meetup

[tedd]

At 11:44 AM -0500 1/18/07, Chris Shiflett wrote:
>Edward Potter wrote:
>>  Ok, just to keep everyone up to date, based on interviews to date,
>>  the going rate for a 6 month contract with someone with a solid
>>  php/developer background/graduate degree in IT right now seems to
>>  top out out $60/hr based on a 6 month contract.
>
>Doing some math in reverse:
>
>$60 / 2.4 = $25
>$25/hour = $50,000/year
>
>Therefore, $60/hour as a consultant is approximately equivalent to
>$50,000/year as a full-time employee with benefits, and that's assuming
>about 40 billable hours a week.

I don't follow you here. A $60 per hour  translates to around $125k 
per year. Now, subtract the benefits (health insurance $12k, 
retirement, etc) and you'll be around $90k - $100k.

tedd

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