How much to c?

Hello,

I am currently searching for a new job and not working atm.
A former employee has contacted me about a possible consulting position for a project.

The work is industry specific so that makes me attractive to them. I can hit the ground running.
They would most likely need to pay a company more for someone without the experience I have in the business domain.

If I take the gig I will need to commit for a few months and possibly losing the chance of taking a full time position that may come along.
I feel like I should do more than just break even from what my normal salary would be after everything is all said and done (taxes, health ins, etc).
If its a break even deal I should just persue a perm position now.

So how to determine proper rate per hour?

Thanks!

For consulting, take your normal full time rate or salary and multiply by 1.35. This is a good starting point.

I am a consultant myself and I get paid more than I would if I was full time, but I also take hits...double social security taxes, no withholding, NO benefits, and I am locked into contract for a certain period, of which I can not take another job - opportunity costs. So to make up for all those things, you need at least 25-30 percent more than the normal salary.

However, if it is only for a few months, then I would want at least 50% more than normal employee salary. You need to get paid for willing to give up other opportunities for just a few month gig.

Good luck!