On 6/18/07, Greg Rundlett <[EMAIL PROTECTED]> wrote:
Annual Salary/2,000 = hourly rate
There are 52 weeks /yr
minus 2 weeks /yr vacation
= 50 weeks @ 40 hrs / week
= 2,000 hours / yr available for work
This is a rough estimation of the hourly *Cost*
E.g. for worker "John" 100K annual rate (~$50/hr)
Just to throw out one additional tidbit... this is *only* considering
the actual dollar-cost of the person's salary but that's not the whole
picture.
Once you factor in Social Security (employer's half), health
insurance, workers comp, 401k contributions, office space, etc, you
can add anywhere from 20-33% to this number to represent the *cost* of
the employee to the employer.
The last time I was with the Feds and we were calculating FTE's, we
used +31.5% on top of base salary... so the above $50/hour should be
$66/hour to be a real FTE.
kc
--
D. Keith Casey Jr.
CEO, CaseySoftware, LLC
http://CaseySoftware.com
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