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Hourly rate

lyledunn
I attended a business development lunchtime gathering for small business owners. The guest speaker briefly referred to white van man, electricians, plumbers and the like. As self-employed individuals who desire to be earning around 35-38K he claimed they should be charging £43.60 per hour. Built into this would be the the emoluments taken for granted in many employed situations where holiday pay, sick pay and pension contributions are standard.


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  • 0
    £43.60 x 40 x 52 = £90,688.


    But let's say 6 weeks of annual leave, and 2 weeks of sick leave per year. Now down to £76,736.


    Realistic pension payments for half pay after 40 years - about 33%. Now down to £51,157.


    Or if a standard working week is 37.5 hours, it's only £47,959.


    One might consider paid study leave, parental leave, etc.


    Leaving aside travel to and from site, for a true comparison, time spent buying stock, invoicing, doing the books, etc. should be included. So the OP is about right.
Reply
  • 0
    £43.60 x 40 x 52 = £90,688.


    But let's say 6 weeks of annual leave, and 2 weeks of sick leave per year. Now down to £76,736.


    Realistic pension payments for half pay after 40 years - about 33%. Now down to £51,157.


    Or if a standard working week is 37.5 hours, it's only £47,959.


    One might consider paid study leave, parental leave, etc.


    Leaving aside travel to and from site, for a true comparison, time spent buying stock, invoicing, doing the books, etc. should be included. So the OP is about right.
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