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Sources for Contingent/Contractor Rates?
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Sources for Contingent/Contractor Rates?
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What are all the available sources that provide estimates for contingent labor and contractor rates? I understand there are a number of salary surveys out there - is there anything that specifically t
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Sources for Contingent/Contractor Rates?

posted at 9/3/2008 9:38 AM EDT
Posts: 42
First: 3/13/2007
Last: 6/8/2010
What are all the available sources that provide estimates for contingent labor and contractor rates? I understand there are a number of salary surveys out there - is there anything that specifically targets continent labor and contractors? Thank you.
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Sources for Contingent/Contractor Rates?

posted at 9/16/2008 1:27 PM EDT
Posts: 42
First: 3/13/2007
Last: 6/8/2010
PeopleTicker provides market rate estimates for contingent labor and contractors, but from what I've heard this is a very very pricey tool. Has anyone used it? Are there any other tools specifically to provide estimates for contingent/contractual labor?

Thank you.
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Sources for Contingent/Contractor Rates?

posted at 9/20/2008 4:26 AM EDT
Posts: 1771
First: 10/24/2002
Last: 9/14/2011
Take the hourly rates you'd pay for employees to do this type of work and bump 'em upwards by 25% or so.
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Sources for Contingent/Contractor Rates?

posted at 9/23/2008 1:15 PM EDT
Posts: 42
First: 3/13/2007
Last: 6/8/2010
Is this a rough estimate or are there any studies that provide estimates based on actual data?

Thanks.
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Sources for Contingent/Contractor Rates?

posted at 9/24/2008 3:27 AM EDT
Posts: 1771
First: 10/24/2002
Last: 9/14/2011
It's more of a standard rule of thumb than a rough estimate. I don't know about any studies supporting it. You could try contacting agencies that provide independent contractors and ask them what they think of this rule of thumb.
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Sources for Contingent/Contractor Rates?

posted at 9/25/2008 8:20 AM EDT
Posts: 1
First: 9/25/2008
Last: 9/25/2008
Agencies are usually negotiable, but will typically mark up the hourly rate by 35%, unless you have a contract or agreement with the agency. If you try and negotiate with them, 20-30% is a good ballpark. They'll still receive enough to cover their obligations and receive a profit.
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Sources for Contingent/Contractor Rates?

posted at 9/25/2008 9:00 AM EDT
Posts: 3870
First: 2/12/2002
Last: 11/2/2009
The advice above is sound. 35% is typically the MSRP but they'll go lower and especially so if they see a long term opportunity with you or if you'll be hiring a number of contractors through them. Avoid any agency which will not negotiate unless the contractors are in such huge demand that the agency doesn't have to.
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Forums » Topic Forums » Benefits & Compensation » Sources for Contingent/Contractor Rates?

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