Dr. Michael Bisconti
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 .
f(x)y + f(x)z - y
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