I was not a CHK employee but I post here to get your 2 cents of thought:
I was laid off a year ago and now finally was looking at a 2-months contract consultant job in Congo. I was asked how much is my hourly rate. I have not seen any website hinting the equivalent pay working as an employee as compared to a consultant. How much would be a reasonable hourly rate (no other benefits offered other than a returned plane ticket and a place to live) compared to being employed with a US based oil company, considering now that there is:
No group accident insurance coverage
No 401(K) contribution,
No Social Security contribution
No medical health care (family with 2 kids)
No dental and vision care plan,
No holiday pay,
No vacation pay,
(any other benefits I left out??)
(For oversea assignment)
No expatriate premium,
No transportation allowance,
No tax assistance or tax preparation assistance
If I was making $130,000 a year, what would be the hourly rate equivalent for oversea consulting?
If I was making $170,000 a year, what would be the hourly rate equivalent for oversea consulting?
If I was making $130,000 a year, what would be the hourly rate equivalent for domestic consulting?
If I was making $170,000 a year, what would be the hourly rate equivalent for domestic consulting?
However, to make apple-to-apple comparison, what is your calculated total benefit package that comes up to be converted to hourly rate (I used 2100 working hours in a year). That is the question for this posting.
I understand that for the last few years a consultant can fetch $1200 to $1500 per day (so called 8 hour day but consultant worked 10 to 12 hours but charged for 8 hour). With the current oil price environment and the great supply of hungry consultant this day rate sure decimated.
Thank you for your discussion and wise comment. To summarize, my questions are:
$130,000/yr domestic = ? $/hr
$170,000/yr domestic = ? $/hr
$130,000/yr in US but worked as expatriate = ?$/hr
$170,000/yr in US but worked as expatriate = ?$/hr