[Info-vax] HP contract paying a whopping $55/hr on-site in Irvine CA

[FrankS]

On Nov 24, 2:58 pm, Rob Brown <mylastn... at gmcl.com> wrote:
> But around here, there are about 2000 working hours per year, making
> $55/hour about $110,000 before taxes.

There are different schools of thought on how to equate an hourly
contract rate to an equivalent salary.  Some say you take the hourly
rate and multiply by 1000.  Others take the 40-hours-per-week times 52-
weeks-per-year route (which you have done).  Yet others come up with
something in between.

When I worked for Digital "back in the day", we would receive a
compensation summary that included salary, paid sick time, paid
vacation, benefits, etcetera.  After adding it all up they would say
that the bottom line number represented the total compensation for the
job.  It was a lot more than just the base salary.

So, when trying to equate hourly rate as a contractor to an equivalent
salary as an employee there are other factors that need to be
addressed.  How you choose to address them is up to you, I suppose.