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How should I calculate task value in hours? [closed]
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I got new job and boss told that I should estimate value of the task, that he's giving, in hours, because salary is per hour, but I do not have idea how should I do that? Is there some formula or algorithm?
entry-level planning
edited Apr 30 '15 at 14:39
Brian
1,408922
asked Jan 27 '15 at 13:02
andrey.shedko
972
closed as off-topic by gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings Jan 29 '15 at 21:53
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings
migrated from freelancing.stackexchange.com Jan 28 '15 at 6:53
This question came from our site for self-employed and freelance workers.
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up vote
-3
down vote
favorite
I got new job and boss told that I should estimate value of the task, that he's giving, in hours, because salary is per hour, but I do not have idea how should I do that? Is there some formula or algorithm?
entry-level planning
edited Apr 30 '15 at 14:39
Brian
1,408922
asked Jan 27 '15 at 13:02
andrey.shedko
972
closed as off-topic by gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings Jan 29 '15 at 21:53
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings
migrated from freelancing.stackexchange.com Jan 28 '15 at 6:53
This question came from our site for self-employed and freelance workers.
Yes, I'm Employee.
– andrey.shedko
Jan 28 '15 at 6:52
It's a guess at this point. As you get involved with the tasks especially on a particular project, your guesses will get better.
– user8365
Jan 28 '15 at 16:41
suggest improvements |Â
up vote
-3
down vote
favorite
up vote
-3
down vote
favorite
I got new job and boss told that I should estimate value of the task, that he's giving, in hours, because salary is per hour, but I do not have idea how should I do that? Is there some formula or algorithm?
entry-level planning
edited Apr 30 '15 at 14:39
Brian
1,408922
asked Jan 27 '15 at 13:02
andrey.shedko
972
I got new job and boss told that I should estimate value of the task, that he's giving, in hours, because salary is per hour, but I do not have idea how should I do that? Is there some formula or algorithm?
entry-level planning
edited Apr 30 '15 at 14:39
Brian
1,408922
asked Jan 27 '15 at 13:02
andrey.shedko
972
edited Apr 30 '15 at 14:39
Brian
1,408922
edited Apr 30 '15 at 14:39
Brian
1,408922
edited Apr 30 '15 at 14:39
Brian
1,408922
1,408922
asked Jan 27 '15 at 13:02
andrey.shedko
972
asked Jan 27 '15 at 13:02
andrey.shedko
972
asked Jan 27 '15 at 13:02
andrey.shedko
972
972
closed as off-topic by gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings Jan 29 '15 at 21:53
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings
migrated from freelancing.stackexchange.com Jan 28 '15 at 6:53
This question came from our site for self-employed and freelance workers.
closed as off-topic by gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings Jan 29 '15 at 21:53
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – gnat, Joe Strazzere, Garrison Neely, Jim G., IDrinkandIKnowThings
migrated from freelancing.stackexchange.com Jan 28 '15 at 6:53
This question came from our site for self-employed and freelance workers.
Yes, I'm Employee.
– andrey.shedko
Jan 28 '15 at 6:52
It's a guess at this point. As you get involved with the tasks especially on a particular project, your guesses will get better.
– user8365
Jan 28 '15 at 16:41
suggest improvements |Â
Yes, I'm Employee.
– andrey.shedko
Jan 28 '15 at 6:52
It's a guess at this point. As you get involved with the tasks especially on a particular project, your guesses will get better.
– user8365
Jan 28 '15 at 16:41
Yes, I'm Employee.
– andrey.shedko
Jan 28 '15 at 6:52
Yes, I'm Employee.
– andrey.shedko
Jan 28 '15 at 6:52
It's a guess at this point. As you get involved with the tasks especially on a particular project, your guesses will get better.
– user8365
Jan 28 '15 at 16:41
It's a guess at this point. As you get involved with the tasks especially on a particular project, your guesses will get better.
– user8365
Jan 28 '15 at 16:41
suggest improvements |Â
2 Answers
2
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oldest
votes
up vote
2
down vote
I got new job and boss told that I should estimate value of the task, that he's giving, in hours
I'm understanding that as your boss wants to know how long the task will take you to complete in hours. I assume he knows what your hourly salary is or will be passing along your estimated number of hours to somebody else who does. That person can then work out how much it's going to cost them to pay you for the time spent on the task, and therefore how much they'd have to charge a client for that work.
For you, there's no algorithm or formula you can use. Estimating how long a task will take is simply a skill you'll have to develop. Look at similar tasks you've completed in the past and how long they took, and use that as a basis for your estimate.
For example, if you've been asked to code a registration form for a website, and you've built a registration form before and it took you about 40 hours, you might estimate that this new one will take you 40 hours as well. However, if the original one took 40 hours because you had to learn a lot of new skills that you don't need to learn this time, then you might lower the estimate to 20 or 30 hours.
answered Jan 28 '15 at 15:54
Anthony Grist
12816
suggest improvements |Â
up vote
0
down vote
Simply say to yourself I want to be paid x amount an hour and I'm going to work y hours this week. Simply multiply x by y. Then the product of those two numbers is you estimated cost. Hope that this helps you.
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
suggest improvements |Â
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
2
down vote
I got new job and boss told that I should estimate value of the task, that he's giving, in hours
I'm understanding that as your boss wants to know how long the task will take you to complete in hours. I assume he knows what your hourly salary is or will be passing along your estimated number of hours to somebody else who does. That person can then work out how much it's going to cost them to pay you for the time spent on the task, and therefore how much they'd have to charge a client for that work.
For you, there's no algorithm or formula you can use. Estimating how long a task will take is simply a skill you'll have to develop. Look at similar tasks you've completed in the past and how long they took, and use that as a basis for your estimate.
For example, if you've been asked to code a registration form for a website, and you've built a registration form before and it took you about 40 hours, you might estimate that this new one will take you 40 hours as well. However, if the original one took 40 hours because you had to learn a lot of new skills that you don't need to learn this time, then you might lower the estimate to 20 or 30 hours.
answered Jan 28 '15 at 15:54
Anthony Grist
12816
suggest improvements |Â
up vote
2
down vote
I got new job and boss told that I should estimate value of the task, that he's giving, in hours
I'm understanding that as your boss wants to know how long the task will take you to complete in hours. I assume he knows what your hourly salary is or will be passing along your estimated number of hours to somebody else who does. That person can then work out how much it's going to cost them to pay you for the time spent on the task, and therefore how much they'd have to charge a client for that work.
For you, there's no algorithm or formula you can use. Estimating how long a task will take is simply a skill you'll have to develop. Look at similar tasks you've completed in the past and how long they took, and use that as a basis for your estimate.
For example, if you've been asked to code a registration form for a website, and you've built a registration form before and it took you about 40 hours, you might estimate that this new one will take you 40 hours as well. However, if the original one took 40 hours because you had to learn a lot of new skills that you don't need to learn this time, then you might lower the estimate to 20 or 30 hours.
answered Jan 28 '15 at 15:54
Anthony Grist
12816
suggest improvements |Â
up vote
2
down vote
up vote
2
down vote
I got new job and boss told that I should estimate value of the task, that he's giving, in hours
I'm understanding that as your boss wants to know how long the task will take you to complete in hours. I assume he knows what your hourly salary is or will be passing along your estimated number of hours to somebody else who does. That person can then work out how much it's going to cost them to pay you for the time spent on the task, and therefore how much they'd have to charge a client for that work.
For you, there's no algorithm or formula you can use. Estimating how long a task will take is simply a skill you'll have to develop. Look at similar tasks you've completed in the past and how long they took, and use that as a basis for your estimate.
For example, if you've been asked to code a registration form for a website, and you've built a registration form before and it took you about 40 hours, you might estimate that this new one will take you 40 hours as well. However, if the original one took 40 hours because you had to learn a lot of new skills that you don't need to learn this time, then you might lower the estimate to 20 or 30 hours.
answered Jan 28 '15 at 15:54
Anthony Grist
12816
I got new job and boss told that I should estimate value of the task, that he's giving, in hours
I'm understanding that as your boss wants to know how long the task will take you to complete in hours. I assume he knows what your hourly salary is or will be passing along your estimated number of hours to somebody else who does. That person can then work out how much it's going to cost them to pay you for the time spent on the task, and therefore how much they'd have to charge a client for that work.
For you, there's no algorithm or formula you can use. Estimating how long a task will take is simply a skill you'll have to develop. Look at similar tasks you've completed in the past and how long they took, and use that as a basis for your estimate.
For example, if you've been asked to code a registration form for a website, and you've built a registration form before and it took you about 40 hours, you might estimate that this new one will take you 40 hours as well. However, if the original one took 40 hours because you had to learn a lot of new skills that you don't need to learn this time, then you might lower the estimate to 20 or 30 hours.
answered Jan 28 '15 at 15:54
Anthony Grist
12816
answered Jan 28 '15 at 15:54
Anthony Grist
12816
answered Jan 28 '15 at 15:54
Anthony Grist
12816
answered Jan 28 '15 at 15:54
Anthony Grist
12816
12816
suggest improvements |Â
suggest improvements |Â
up vote
0
down vote
Simply say to yourself I want to be paid x amount an hour and I'm going to work y hours this week. Simply multiply x by y. Then the product of those two numbers is you estimated cost. Hope that this helps you.
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
suggest improvements |Â
up vote
0
down vote
Simply say to yourself I want to be paid x amount an hour and I'm going to work y hours this week. Simply multiply x by y. Then the product of those two numbers is you estimated cost. Hope that this helps you.
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
suggest improvements |Â
up vote
0
down vote
up vote
0
down vote
Simply say to yourself I want to be paid x amount an hour and I'm going to work y hours this week. Simply multiply x by y. Then the product of those two numbers is you estimated cost. Hope that this helps you.
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
Simply say to yourself I want to be paid x amount an hour and I'm going to work y hours this week. Simply multiply x by y. Then the product of those two numbers is you estimated cost. Hope that this helps you.
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
answered Jan 28 '15 at 7:22
Trevor Clarke
1394
1394
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
suggest improvements |Â
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Well, that's not exactly what I'm looking for, but at least something.
– andrey.shedko
Jan 28 '15 at 9:29
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
Don't factor in your rate. Your fully burdened rate is much higher than what you see on your paycheck. They only want to see the number of hours.
– mhoran_psprep
Jan 28 '15 at 17:18
suggest improvements |Â
Yes, I'm Employee.
– andrey.shedko
Jan 28 '15 at 6:52
It's a guess at this point. As you get involved with the tasks especially on a particular project, your guesses will get better.
– user8365
Jan 28 '15 at 16:41