This question concerns working as a full-time employee for a consulting company and not as an independent consultant.
I have been doing consulting work for many years and I recently took a position with a new consulting company. This company put me on a project in a different country. Recently, I found out how much my company is billing me and I realize now that my take home is less than 20% of the billable rate. This concerns me for a number of reasons.
First, I am doing work that I normally don’t do. While I can handle the change, I am worried that the customer is expecting a lot more than I can deliver, given the outrageous billing rate.
Second, my company seems to be making a killing off of me and not sharing the wealth. I’ve been billed out at 2 or 3 times my take home but never 5 times (or more) my take home.
What is a normal billing rate compared to the consultant’s take home pay?