Re:Macroeconomic Changes Have Made It Impossible for Me to W...
by WalterBright on Wednesday January 25, 2023 @04:05PM
(#34524183)
At the time, the value of the benefits package was about 45% of the salary (this calculation includes the things you mentioned). The other 55% was for the extra risk the contractor took on.
* 5 - 10 paid holidays like Labor Day, 4th of July, etc...
* another 10 - 20 paid days off for PTO
* 7% less taxes for social security, medicare
* 401k match
* health insurance
So actually, getting paid twice as much hourly might not be too much extra at the end of the day.