Contractor Conversion Calculator

contractor-conversion-calculator-statementConverting a contractor to a full-time equivalent employee can present a series of challenges in terms of both expectations for the candidate and the hiring team to explain the total value of all of the benefits provided to the employee.

This calculator allows the hiring team to input the contractors current rate, and calculate the equivalent cost to the business based on the value of the base salary, bonus target and benefits and outputs a report that can be shared with the candidate.

My recommendation is not to use this tool as the final salary calculator for employees converting to full-time status, but rather as the starting point to determine the true cost to the business.

You can download the contractor-conversion-calculator here.