Reply to Govt Contractor Employees... why aren't we getting paid back too?

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[quote=Anonymous][quote=josey23]As others have noted, employees at contractors are pretty much stuck in this situation. Great if the company can shift you to non-federal work but these companies are less diversified than you may think; my old employer had over 5000 people and was 98% dependent on the federal government.

As for the labor rates, there is a stunning difference between the rate billed to the government and the number on the employee's paycheck. I don't know where all that money goes but they toss you overboard pretty quick if you stop billing hours.[/quote]

Some of it goes to cover your benefits like insurance premiums, your 401K, your paid vacation/sick leave, education reimbursements, etc.  Other parts of that money are taken in as overhead to cover staff members working for the company that are not covered by direct billing to the government, such as HR, accounting/payroll, admin, maintenance, etc.  Also, if you are working on-site at a government client agency, then they have to pay for your office space out of overhead.  The amount that the government makes billing contractors for on-site office space is obscene.  The contractor company is a business and the government is their client who pays for the costs of doing business.[/quote]

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