Hi fellow Canadian Mustachians - particularly anyone who has worked as a "nested" independent contractor as a professional engineer. I recently went through negotiations on my contract and I developed a rate based upon all of the benefits that internal employees receive doing the same job function I do now, including 3 weeks of vacation, bonus, profit sharing and pension contributions. I was told that my rate was out to lunch because those benefits are reserved to internal employees and are a "golden carrot" for becoming a permanent employee.
Long story short - was I out to lunch factoring these benefits into the hourly rate I proposed, or is this a reasonable approach to developing an hourly rate as an independent contractor?
