Ask HN: Does the contract rate rule of thumb still apply?

18 points

7 years ago

The rule of thumb when I started contracting was that your hourly rate was your annual salary divided by 1000. For example, a $150k/year salary would translate to a contracting rate of $150/hour.

After seeing a post[0] saying that some leaked Microsoft developer salaries were between $40k and $320k, I am curious how many people are billing $150-320/hour for software development work, and what skills you provide that make companies value your work at that rate.

[0] https://onezero.medium.com/leak-of-microsoft-salaries-shows-fight-for-higher-compensation-3010c589b41e

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