Contract Employment Services - Synesis IncExamples
Contract Employment Services - Synesis Inc

Desired Pay Rate: $70 per hour

$70.00 Desired pay rate
$ 4.34 Social Security (6.2%)
$ 1.02 Medicare (1.45%)
$ 0.43 Federal Unemployment (6.2% over 1000 hours)
$ 0.00 State Unemployment
$ 0.22 Worker's Compensation Insurance
$ 0.05 Liability Insurance
$ 0.10 Accounting Fees
$ 0.10 Legal Fees
$ 2.80 Cost of Initial Placement **
$ 9.80 Fixed Markup (14% with a $5/hr minimum)
-------
$88.86 Billing Rate to the client (that you must negotiate)




Desired Pay Rate: $25 per hour

$25.00 Desired pay rate
$ 1.55 Social Security (6.2%)
$ 0.36 Medicare (1.45%)
$ 0.43 Federal Unemployment (6.2% over 1000 hours)
$ 0.00 State Unemployment
$ 0.22 Worker's Compensation Insurance
$ 0.05 Liability Insurance
$ 0.10 Accounting Fees
$ 0.10 Legal Fees
$ 1.00 Cost of Initial Placement **
$ 5.00 Fixed Markup (14% with a $5/hr minimum)
-------
$34.81 Billing Rate to the client (that you must negotiate)





Rate Calculator

NOTE: Currently the industry and state selections below do NOT have an effect on the calculation of the billing rate. Insurance companies are not willing to reveal worker's compensation rates for all industries for each state. Synesis can only get these numbers when someone is placed in that industry.

Desired Pay Rate:
Industry/Field:
Location (State):


Contract Employment
Contract Employment
Contract Employment
Contract Employment

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