What are the Costs of an IT Freelancer vs Full Time Employee [INFOGRAPHIC]

cost IT freelanceTITLE: What are the Costs of an IT Freelancer vs Full Time Employee
Key Takeaways:
Full Time Expenses  • PTO – 2- 4 weeks  • 401K with matching  • Time for Training  • Training / CLE training expenses  • Health / Dental / Life / STD / LTD Insurance  • The Lagniappe (a little something extra)  • Payroll taxes  • Medicare Taxes  • Social Security  • Workers Comp Insurance  • Unemployment Insurance  • HR cost
These are at LEAST 30% – 50% of an Employee’s Salary
Freelancers – Their rate for the hours they work.
No Company should have 100% Freelancers NOR 100% Full Time Employees in technology.
Use Freelancers for :  Projects with New Technology  Projects with a critical time-to-market  Supplementing existing staff
Focus Full Timers on:  Business knowledge

By | 2018-03-21T09:50:44+00:00 February 8th, 2018|infographics, IT Recruiting, IT Staffing|0 Comments