Contract programming position questions.
February 12, 2013 9:06 AM Subscribe
I interviewed for a remote programming gig recently, and they requested a trial contract before making a final offer. I'd be hired as a long-term remote contractor (year+, 100% telecommuting), not an employee. I have some questions:
posted by anonymous to work & money (8 answers total) 1 user marked this as a favorite
1. What multiplier should I apply to my current salary, at a job with great benefits, to calculate the break even point? The contractor position would not include any benefits, and I'm in good ol' USA, so I will need to purchase healthcare. My thought is current salary +30% to +40% would be a break even point considering the length and stability of the contract. If it were less than a year minimum, I would need to use a higher multiple. Is that about right?
2. The short term trial is at the same hourly wage as the long-term position, which is less than I charge for shorter projects. This short trial is hugely in their benefit, as it should greatly reduce the odds of my being a poor fit for the company. I get a somewhat similar benefit, but I think my risks are much lower. If we decide we're not right for each other, they've dodged a bullet for a pittance while I've lost a week of time for pretty poor compensation. It's not a huge imbalance, but it's there.
I am not concerned at all about the money, but I do not want to be a passive participant who sends signals that I can be taken advantage of. I'm more worried about positioning myself than anything else. I don't have sufficient experience to read the smoke signals and tell how "So, my usual hourly rate is $65 per hour. Could you bump up the short-term rate to match?" might go over. I am very interested in the position and do not want to poison the well.
Also, is this sort of short-term contract request unusual? It seems reasonable to me, but I have no experience with it.
3. What warning signs should I be looking for in the company? What danger signals should scream out, "Get away from these guys!"?