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Reply to "If a contractor charges $200/hr, how much is the actual staff salary?"
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[quote=Anonymous][quote=Anonymous]I have seen various bill rates vs pay rates (I work in an area dealing with temp/vendor pay), and generally, it's about 30 to 40% markup. The biggest offendors are the large firms like Accenture and DT. They bill at $400/hour and pay the actual person doing the work (not a PM) about $80K/yr, which amounts to like $40/hr. It's insane. Those big consulting firms are just money makers, and the worker bees who are actually good at what they do eventually go independent or to smaller boutique firms that pay them more. The ones who stay on longer term are not the best or they end up as the salesperson. The turnover in those firms is super high. I dislike these large firms. They just bilk their clients and produce shoddy work. I'm on a periphery project that is working with two huge consulting firms now, and their work prouct is crap, but management wants them, so, we just have to deal. Upper management and the big honchos in the consulting firm will pat themselves on the back for a job well done, but the actual workers will be left holding the bag of the crappy results. [/quote] I was going to say consulting firms aim to pay no more than 38%. So for $200 bill rate the salary would be $158k maximum but they could also be paying $80k. It is all about corporate profit.[/quote]
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