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:· pricing models |
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iamindependent offers your company
two standard pricing models, which are detailed below. Although,
iamindependent has implemented different pricing models with certain
customers that have unique business needs. If one of the standard
pricing models does not closely align with your business needs,
please contact us and we will
create a special pricing model for your company. |
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| Pricing model: CostPlus™ |
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Using the CostPlus™ pricing
model, you would negotiate a gross w-2 direct labor rate with the
contractor [i.e. what the contractor will gross on a w-2 basis],
and add 18.65% to cover iamindependent's employer load [14.65%]
and service fee [4%]. Click here to see an example
of this pricing model. |
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| Pricing model: DirectCost™ |
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Using the DirectCost™ pricing
model, you would negotiate a loaded business to business 1099 pay
rate [i.e. $50 per hour, {your company}-to-{iamindependent}]. iamindependent
will bill your company for the contractor's services at this rate,
and will employ the contractor as our w-2 employee. All the mandatory
withholdings including Federal, State and Local taxes, elected benefits
and our service fee will be deducted out of this rate and paid by
iamindependent. Click here to see an example
of this pricing model. |
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| Pricing model:
CostPlus™ |
| Candidate's gross w-2 labor
rate [per hour] |
$50.00 |
| Employer load on
w-2 rate [taxes, work's comp, etc.] |
14.65% |
| Dollar amount [using above example] |
+ |
$7.33 |
| |
------------------- |
| Sub-total
[loaded cost] |
$57.33 |
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------------------- |
| iamindependent service
fee [% of total bill rate] |
4% |
| Dollar amount [using above example] |
+ |
$2.39 |
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------------------- |
| Your total bill rate |
:·
$59.72
·: |
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| Pricing model:
DirectCost™ |
| Your total bill rate |
$60.00 |
| iamindependent service
fee [% of total bill rate] |
4% |
| Dollar amount [using above example] |
- |
$2.40 |
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------------------- |
| Sub-total
[available for payroll] |
$57.60 |
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------------------- |
| Employer load on
w-2 rate [taxes, work's comp, etc.] |
14.65% |
| Dollar amount [using above example] |
- |
$7.36 |
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------------------- |
| Candidate's gross w-2 labor
rate [per hour] |
:·
$50.24
·: |
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