General Dynamics Information Technology Interview Question: Program Management requires m... | Glassdoor

Interview Question

Program Manager Interview Fairfax, VA

Program Management requires managing salary and billing

  rates. Can you explain the elements of determining a wrap rate and its relationship to salary, profit and bill rates?
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Interview Answer

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Yes - Salary costs each company much more than the base rate the employee receives. In addition, Social Security, Benefits, Office space, equipment, phones etc. all mean that most companies cost per employee is one and a half to more than twice the salary cost the employee receives. The big variable factors in this are the employee location (client or corporate site), office type and location, and of course, the benefits package which are called Overhead and prorated across the company or employee group. General & Accounting rates and Materials Handling rates can also vary greatly based on corporate structure and type. Fee, the goal, is the difference remaining between bill rate and salary cost with full wrap.

Interview Candidate on Nov 14, 2016

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