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Most employees can receive overtime pay, or one-and-one-half times their usual wage, for hours exceeding 40 worked in a week. Employees who receive tips, such as waiters, can be paid $2.13 per hour instead of minimum wage, so long as their tips make up the difference between $2.13 and $7.25.
According to the latest Dice Salary Survey, the average salary for full-time employees is $93,013. Meanwhile, the average salary for contractors employed by a staffing agency is $98,079. Those contractors who work directly for an employer (i.e., without an agency as an intermediary) pull down an average of $94,011.
Yes, contractors earn (on average) a bit more than full-time employees but contracting comes with its own set of issues. Contractors who aren't affiliated with a staffing agency could still have the opportunity to negotiate for benefits and perks with their clients, although this is often a trickier process.
Calculate what you should be paid. Refer to Glassdoor to determine annual salary in your field, for your position and in your location. Next: divide by the annual hours 'typical' to a full-time position 2080. Example: $50,000 / 2,080 = $24 per hour. Add any overhead costs that you will incur to accomplish the work.
52 weeks in a year x 40 hours per week = 2,080 hours. Full-time annual salary / 2,080 = contract hourly rate. (Full-time salary + burden) / 2,080 = contract hourly rate.
As the last answer said, you can easily expect $50 — $100 per hour for a contractor and $40 — $50 per hour for a helper if you can find one willing to work at that rate. Be wary of anyone working hourly though because most that do will drag a job out to get the most money possible.
There are three types of employment status: employee, worker and self-employed. The three are often not in practice used correctly and the difference is not always known. An employee is an individual who has entered into or works (or worked) under the terms of a contract of employment.
There are three main types of employment contract: permanent employment contracts, fixed-term contracts and casual employment contracts.
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