# How to Evaluate a Full-Time Freelance Offer Against Your Current Compensation

DevFeed: [How to Evaluate a Full-Time Freelance Offer Against Your Current Compensation](<https://devfeed.tech/articles/so-you-have-a-chance-to-go-freelance-28332.md>)

Original publisher: [Read original article](<http://fuzzyblog.io/blog/startup/2019/11/19/so-you-have-a-chance-to-go-freelance.html>)

Author: Fuzzygroup

Published: 2019-11-19T00:00:00Z

Content type: opinion

Language: en

Sources: [Scott Johnson](<https://devfeed.tech/sources/scott-johnson.md>)

Topics: [Job](<https://devfeed.tech/topics/job.md>), [Hardware](<https://devfeed.tech/topics/hardware.md>)

Tags: [freelance](<https://devfeed.tech/tags/freelance.md>), [hardware](<https://devfeed.tech/tags/hardware.md>), [job](<https://devfeed.tech/tags/job.md>), [startup](<https://devfeed.tech/tags/startup.md>)

## AI overview

The article explains how technical workers can compare a full-time freelance offer with current employment compensation. It considers salary, bonuses, vacation, health insurance, and other non-cash benefits such as hardware and office space, using an example to estimate the offer's value.

## Source excerpt

This blog post takes addresses a common problem for technical workers - you have been offered a full time freelance gig and you don't know whether or not to take it based on its value versus your current compensation. Note: Traditionally I have done a crap ass job at making these kind of assessments. I'm writing this post to hopefully do a better / more "adult" take at this. What is Your Current Job Worth? Your current job's worth can be reduced to an equation as follows: Salary + Bonus + Vacation + Health Insurance = Total Package The real problem here is that valuing health care is effectively a shite show. Health care packages are never directly comparable and when you leave an employer, to some extent, you get what you get. This means that the equation become: Salary + Bonus + Vacation = Total Package Let's assume that you have this type of package: Salary: $103,000.00 Bonus: $25.00 (yep; just laugh with me; some employers don't get it) Total Compensation: $103,025.00 Vacation: 2 Weeks Weeks Worked per Year: 50 Gross Salary Per Week: $2,060.50 (select 103025.00 / 50; 'coz sql is my favorite calculator) Monthly Salary: $8,242.00 (select 2060.50 * 4; ) Hourly Salary: $51.5125 (select 8242.00 / 160;) Now let's say that you were offered a compensation package of $10,000 per month -or- $120,000 on an annualized basis. The question then becomes is the difference between $10,000 per month and $8,242.00 per month sufficient to cover health care? And of course there are lots and lots of other things but let's talk about health care to start. Fully Loaded Cost - An Alternate Way to Calculate Your Job's Worth The example above really only deals with salary plus vacation but a full time job has a lot of other "compensation" things like: computer hardware office space sick days etc The aggregate value of these non cash compensation items is what I have always referred to as the "fully loaded cost" of employing an engineer and my back of the envelope rule is that you need to