Love and appreciate the thinking. A lot of it does come down to the work it takes to search new gigs, chase billing, and the worry bout how you gonna pay for baby shoes.
Hello Fishes, Infosys I need urgent help. I got selected as Lead consultant in Infosys with package 29 LPA with 20% variable. YOE is 15 years. Is is as per market standard? Or should I negotiate more ? TIA
Yes. Not to be presumptuous, but I would guess that most people have done this.
But, to do it for you:
Let’s say there are about 220 possible working days in a year. That’s 365 - 104 (weekends) and 40 days for holidays and vacation for you.
So, 220 * 1000 = 220k.
Now, don’t forget, a full comp package at an agency is closer to 240 on 200 (health, dental, life insurance, desk, computer).
So, you need to make more.
Now, let’s say you work 5 weekends. An extra 10 days. There’s 10k more.
Do you double dip? You could! How about 20 days of double dipping?
There’s 20k more.
So we’re talking about working 250 “days” in a year, which with weekend days at an agency, you probably would too.
At 1200 a day, this is 300k.
Now, the bigger thing you have to weigh is “can I take the anxiety of not having work for a few weeks?”
That’s the hard part.
Chief
Love and appreciate the thinking. A lot of it does come down to the work it takes to search new gigs, chase billing, and the worry bout how you gonna pay for baby shoes.
Honestly it would require at least 750k. And even then I’d have to think about it.
Chief
Or: how much would you as a cd need to be paid to give up the freedom of freelance.
Rising Star
It would depend on how stable long term it is. I’d take a lower rate for something stable and long term and not wonder where my next project would be.
I think if you can get a 200K ft job, you should be charging higher day rates than that.