Let's say I have a position open, it can either be contract or permanent position. The question is what is the fair amount of money I should pay for the contract position, if I am willing to pay X per month for the permanent role? Contract pays are inevitably higher, because the contractors are not entitled for a lot of benefits, and not guaranteed of a job. I know the exact ratio of contract to permanent varies from person to person, but I need a rule of thumb here.