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Absolutely NO WAY I'd work for my hourly rate times a 1000! I'd end up with
nearly a 50% pay cut! I've turned down offers that offered me more than that!
I think the person who suggested extrapolating your yearly rate for the entire
year, then asking 75% of the total was more on the mark.
"David M. Brown" wrote:
> A pretty widely accepted formula is to take your hourly rate as a contractor
> and multiply it by 1000 to calculate the comparable annual salary for a staff
> Using that formula, and your statement that you most recently charged $40 an
> hour and would be inclined to ask closer to $50 an hour now, I'd say $46,000
> was a pretty reasonable offer.
> Region, experience, and other factors may skew the formula a bit one way or
> another, but I still think it gives a valid estimate.
> Good luck!