How much should I charge a former employer (that laid me off) for contract work?
September 18, 2012 4:16 PM Subscribe
I was recently let go ("cost cutting") from my job as a web developer, one that I've held for well over a decade at the same employer. After they gave me the news, they mentioned the possibility of me doing work for them in the future on a contract basis and asked what I would charge them. How much is a fair amount to charge them while making sure it's worth my while?
posted by anonymous to work & money (26 answers total) 8 users marked this as a favorite
I'm having trouble figuring out what to tell them because I've always been a salaried employee and don't know what's a fair way to calculate the proper hourly rate. Would it be my pre-tax yearly salary divided by roughly 2000? That number times 1.2? Something else entirely?
I'd be doing similar work to what I did for them as an employee, but I want to be careful not to give too high of a quote since the reason they let me go was "cost cutting."