TITLE: What are the Costs of an IT Freelancer vs Full Time Employee
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