Java profile:Offer in Dallas,TX

[Gorkal Raghavendra]

Hi,

I got H1B visa and company is offering me to take on annual basis or hour base rate.
If it is on annual basis they are ready to pay 75k-80K.They will also pay me if iam in Non-productive/bench also.
If its is on hour basis rate they are offering me 75% to me 25% to them,they wont pay me if iam in bench.

Please let me know ASAP which one is better for me and whats the take home pay if choose on annual basis in Dallas,TX USA?

Thanks

[Jimmy Clark]

With an annual salary of $80,000 USD, your take home pay every month, i.e. NET pay, would be approximately $4,200.

[Campbell Ritchie]

What does 75% and 25% mean?

[Gorkal Raghavendra]

consultancies are going to take 25% of the billing rate(billing rate depends on the project for java it ranges from $50-$80) and 75% to consultant.

[Campbell Ritchie]

I presume you mean 75% to you, not 75% to the consultant ? 75% of $50 is $37.50, and over a 37½ hour week that comes to $73125 per annum to you. Obviously you have to pay tax etc., on that.

[Gorkal Raghavendra]

Which offer will be better whether 75%-25% ratio or $80000k.
please let me know ASAP.
Thanks

[Henry Wong]

Gorkal Raghavendra wrote:Which offer will be better whether 75%-25% ratio or $80000k.
please let me know ASAP.

Doesn't it really depend on the company? And your definition of what is better?

If your definition of better is to maximize income, then if the company can keep your schedule filled, then the first, otherwise the later. If your definition is stability of income, then probably the later, if you can afford to take a risk of no income for the short term, then the first.

All in all, we don't have the best information on the situation, nor information on your definition of better. You are the best person to make that decision -- but something tells me that you already know that.

Henry

[Jimmy Clark]

billing rate depends on the project for java it ranges from $50-$80

Please describe how you will know how much the consultancy charges a particular client. This is an important detail. Especially since the rates you mention above are so extemely low.

Will the consultancy actually charge clients $150 per hour and make it so that only you are told that it is $60 per hour (and the rest are classified as administration fees?)

[Rambo Prasad]

Assuming that you don't have to stay in bench and on an average you work for 8 hours/day and 20 days a month.If the client pays your employer around 55-56$/hour then after taking of 25% share your annual compensation would be $80k ..

Try to find out how much the client pays your employer..If it more than 60-65$/hour and if you feel you wont have to stay in bench for long,then I would suggest A 75-25% arrangement,else go for $80k

[Maneesh Godbole]

Gorkal Raghavendra wrote:
please let me know ASAP.

Please EaseUp. No such thing as ASAP, immediate, stat etc here at the Ranch.