[Info-vax] Fwd: Job description for System Administrator open VMS & RedHat in Washington, DC

[Norm Raphael]

>On 09/26/14, Ken Robinson<kenrbnsn at rbnsn.com> wrote:
 >[snip]
>TARGET BILL RATE: $65.00/HR ON 1099 

 and for only 30 years experience. It's a wonder 
they didn't ask for someone under 35 years old ;) .

>FULLY BURDENED HRLY RATE / BEST

I don't quite get this part.  Is the $65.00/HR ON 1099 the 
"employee's hourly rate" in Step 1, below?  

What doest the /BEST mean?

Here are the steps to find the fully burdened rate?

Step 1
Determine an employee?s hourly wage
The number of hours per year they are available to work

Step 2
Determine the amount of annual costs you pay in addition 
to your employee?s hourly wage.  Make sure to include any 
benefits, insurance, payroll taxes, and training costs. Add 
each cost to determine the burden cost of the employee.

Step 3
Multiply the employee?s hourly wage by the number of hours 
they are available for work per year to determine their 
annual payroll cost. Add the annual payroll cost to the 
labor burden cost.

Step 4

Divide your result by the number of actual hours of work per 
year to calculate the fully-burdened labor cost for the employee.

End of steps

 
 
 Norman F. Raphael
"Everything worthwhile eventually 
degenerates into real work." -Murphy