Hi everyone,
I have always felt that I was being underpaid and unfortunately have not had the comparable salaries to back it. I recently stumbled upon a breakdown of burdened cost rates, or contract rates, for the members of my team. I work for a private company as a consultant where we bill our work to our clients. From what I can understand, burdened rates, include salary rates along with the sum of all other costs associated with the project, such as overhead time, materials, equipment, etc. My team and I work remote and all have very similar situation since we are in the same level and position. That being said, I noticed my burdened rate is significantly less than my coworkers.
Is there any explanation for why I would have a lower burdened rate than my coworkers (same position and level as me)? And, how likely is it that I could have a lower burdened rate but a similar salary as my peers?
If my salary is less than my coworkers, I want to make sure that there is no explanation that my company could throw out there that would explain that it is related to the burdened cost factors.
Thanks!