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What is my day rate?

As freelancers, we can often forget about key aspects of what we would receive as salaried employees, when setting our rates.

Your target annual income

This is your equivelant salaried income

Benefits
%
Most salaries positions come with healthcare, pension or 401k contributions and more.
Bonus
%
Doing well in your job as an employee, usually means you receive bonuses and equity compensation.
The average bonus in tech is 15-25%
Vacation days
days
Don’t receive unlimited vacation days as a freelancer?
The average bonus in tech is 15-25%
Public holidays
days
You might work public holidays, but you shouldn’t factor them into your income target.
We’ve defaulted to the US. View your countries
Sick days
days
The average number of unplanned days off (sick or otherwise) worldwide is 6.4 days.
Non-billable work
%
As a freelancer, you’ll spend time on non-billable work. This should be accounted for.

True target earnings:

$130,000

Freelance rates are:

Hourly

$90

Daily

$719

Weekly

$3,592

Monthly

$8,619