Please fill all required fields
    Compensation Analysis Tool      
    Salaried Employee vs. Independent Contractor  
    Part-time Analysis
    Replace the red estimated numbers with your own numbers where possible.
    Salaried Employee     Self-Employed or Independent Contractor      
    Actual hours worked per week Enter Full Time Hours
    		Hours worked per week
    		Days worked per week # FT Days
    		Days worked per week
    Hours per average day
    		Hours per average day
    Hourly salary*
    		Hourly salary
    Hours paid annually
    		Anticipated hours worked annually
    		Incentive/Bonus
    		Incentive/Bonus
    Annual Salary
    		Annual Salary
    		FICA Max
    Cost of Full Time Benefits              
    		Hours PT Prorated
    		The left-hand column below assumes that the self-employed provider takes the same # of days off and pay
    Days vacation time
    		for the same amount for fees and benefits as the employed provider. The right-hand column allows you to input different values for these benefits. Choose the scenario that works best for your organization:
    Days continuing ed time
    Days personal time
    		Paid sick time
    		Days off Actual days taken off***
    Days holiday time
    		Cost of time off subtracted Actual cost
    Other days off with pay
    Continuing ed. costs paid by employer
    		Cost of continuing ed./prof. fees List costs of professional expenses****
    		Professional organization dues paid by employer
    		Malpractice premium paid by employer
    		Other fees paid by employer
    Annual employer contribution toward health benefits
    		Cost of other benefits List costs of other expenses
    		Annual cost of employer-supplied life insurance
    		Annual cost of employer-supplied disability benefits
    		Annual employer contribution to pension plan
    Annual cost of other employer-supplied fringe benefits
    		Total cost of benefits supplied by employer
    		Subtotal
    		Cost of fringes excluding excused time off
    		Employer FICA contribution**
    		Self-Employment Tax (FICA)
    		Effective annual salary
    		Effective net annual salary
    		EFFECTIVE HOURLY RATE
    		EFFECTIVE HOURLY RATE
    		Hours actually worked annually
    		Hours actually worked annually
    Information Update for 2011
    Income subject to Social Security Tax
    $
    		Percentage FICA 13.30%
    		Employer Contribution
    		Employee Contribution 5.65%
    *Although most professionals are "exempt" employees, it is useful to use estimated hourly salary based on work schedules.
    **Self-employed individuals or independent contractors pay the entire portion of their FICA tax.
    *** Enter actual time off predicted if applicant states they would take off less time than salaried employee.
    ****Use actual expenses if known.