{ "media_type": "text", "post_content": "Outside of benefits, Hotels and flights, about how much do you think your firm is spending on you over your salary (eg. Counseling, team dinners, etc)", "post_id": "582a18edbea28c0f00d5922e", "reply_count": 12, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Outside of benefits, Hotels and flights, about how much do you think your firm is spending on you over your salary (eg. Counseling, team dinners, etc)

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Burden rates (benefits, vacation, workers comp, taxes, etc.) are usually in the 35-40% range, though probably a bit higher because we have a pretty good deal, but I'm pretty sure that wasn't the question. OP, you're a consultant, this could almost be a case interview question

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I think D1 has severely underestimated these costs. Typically weekly team dinner $100/person, quarterly events $300, happy hours sounds on track. Of course forgetting things D2 mentioned like cost of assets benefits etc as well as training and other burden costs.

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Don't you expense a typical weekly "team dinner"? It's just the big ones that the firm eats. And I think OPs question was on the value you receive on all those "extras", not your allocation of office rent and printer ink.

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Salary+40%

Cost of employment is generally around 180% of ones salary

You figure a team dinner per month ($100/head), quarterly team building events or parties ($150/head), misc happy hours - $100-200/year, doesn't come out to that much. $2-$3k, maybe?

A week at DU probably runs around $5k

Per the pricing model, where it shows our per-hour cost (blended average per level), at A,C, SC, we cost the firm ~100% of our salary. You figure that includes the cost of assets (equipment amortization, leases, etc), SS, benefits, etc... at M, it's about 80%, SM 70%. These are just rough calculations though.

Also, a $300/head event is awesome, I plan several events per year and have never seen a local event with that kind of budget. Only for leadership or if travel/hotel is involved.

I'm talking about value to you, not the loss of value to the firm. So including expensed team dinners.

I say 200%. Given my rate is five times my salary and the project profit margin is 40%.

I don't understand this value to you of a team dinner. It's kind of like flying to Europe in First on miles. Just bc the airline is willing to sell the ticket for $12k doesn't mean that it's worth anything near that to me.

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