Dr. Michael Bisconti
Sock Formula
Following is a simplified version of the “Sock
Formula.” The Sock Formula is based on
business management theory, business data collected over the last quarter of a
century, and the experience of over 100,000 IT professionals. It was first published in 1990 by Solutions,
OCC.
f(x)y + f(x)z - y
_____________________________________________________________________
Td
Where:
f = a function of (calculation based
on) the baseline value of skill “x”
y = a numerical value that uniquely
identifies a given skill
z = the highest y value being used in
the formula
Td = average contract
duration involving the use of the skills being employed