How do you convert your freelance rate to salary W2 and vice versa?

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Your freelance rate and your full time rate will always be different. What’s your worth? Just because they offer healthcare, 401K, etc. doesn’t mean your rate has to go down. If anything, maybe your salary is more because they are taking you off the market and you won’t be able to freelance. Just food for thought, but don’t sell yourself short.

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Save 30% for insurance, health, etc

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I’ve been freelancing for the past month at a day rate of $680. Now the company wants to take me on full time, but obviously in that case the hourly rate would be less since I would have PTO, 401k, health insurance etc. How do I calculate the salary needed for this role?

Are you converting to W2 freelance or converting to a permanent salary role? W2 pays less. Perm salary would be ex: $60 an hour. Salary would be 124K. Most want W2 because of the economy & you’re eligible for unemployment benefits as well. Give the company a range.

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