Trying to arrive at a fair comp for someone at a consulting firm, based on their billable work.
Simple is better than complicated so I'm thinking the 'fair' equation is:
$ Billable work +
20% (benefits, etc..)
20% (administrative support, sales)
20% (firm profit)
Salary * 1.6 = Billable charges.
So someone who bills out $240k yr. - fair salary is $150k.
Please share examples from the real world.. thanks,
