executive impact

Economist outlines skills sought in freelance workers


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A bill rate of $43.71/hr is really more like $32.78/hr after paying for business overhead. That's $65K/yr take-home before state, FICA, medicare, and federal taxes.

Consultants who bill hourly seldom get paid that little, since they work only when work is available most of the time. There's a lifestyle/work balance to be addressed.

If you work in IT as a programmer of 5 yrs experience, $75/hr is a common rate, but that can go higher - double if your skills are exactly what the client needs. Of course, for skills that everyone else in the world sells, like php or javascript or Java or C#, the rates are lower.

And this doesn't cover any travel or other expenses. Those are extra. It is common to bill on a fixed daily rate for on-site support, capped at 8 hrs (I've been burned were clients had 20 hrs of work to fit into 1 day).

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Unfortunately for this talking head, Chief Economist did not make the shortlist!

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Too often when people talk about freelance, they focus on narrow unskilled work such as Uber or food delivery that is part of the gig economy.

Thank you. I mention this consistently in Japan. Freelance here is too vague.

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