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What you'd pay per clock hour
What you'd pay per billed hour
Tech Efficiency
125%
(50 billed / 40 clocked)
Hourly
$56,000
/year
$22.40/billed hr
Flat Rate
$55,000
/year
$22.00/billed hr
Both structures are close at your current numbers (within $1,000/year). Consider flat rate if you want to incentivize speed, or hourly if you prioritize quality and consistency.