Setting the right price as an umbrella worker can be challenging, especially if you were previously employed. To calculate a reasonable hourly rate, start from your previous salary and adjust for vacation pay, pension and uncertainty.
Read more...
From employee to umbrella worker — an example
If you previously had a monthly gross salary of SEK 30,000, you can convert this to an hourly rate by dividing by 167 (average working hours/month), which gives about SEK 180/hour. You must, however, account for additional costs.
What should you add to your pricing?
- Vacation pay: At least 12% of your salary.
- Occupational pension: Usually about 4.5% of salary.
- Other benefits: Gym membership, phone, laptop, etc.
- Uncertainty and inflation: No guaranteed income, administration and future price adjustments.
Conclusion: How much should you invoice?
To match a monthly gross salary of SEK 30,000, you can multiply the gross salary by 1.64, which gives about SEK 49,200 to invoice per month. Divided by 167 hours this is about SEK 295/hour.
Tips for setting the right price:
- Account for tax, employer contributions, pension and vacation.
- Research what others in your field charge.
- Adjust your price for inflation and rising costs.
- Consider whether a fixed price or hourly rate suits the assignment best.
By considering these factors, you can ensure you receive appropriate compensation for your work as an umbrella worker.