Consulting rate calculator

January 30, 2018

Our consulting fee calculator was developed by us for our own use and to our exact specifications. Then, the MBAs got ahold of it and sai we can do so much more with this. How do you calculate consulting hourly rate?

What is a contractor calculator? How much does consulting cost? The first step in calculating your consulting hourly rate is to get an idea of what you were making hourly at your most recent job. This consulting fees calculator helps you work out how much you make per hour. It is based on a 52-week year.

But you now you need to apply that base rate to a model to figure out a rough hourly rate that you then use in a model for calculating a consulting rate. Transitioning from being an employee to being a contractor can take some thought. Let us help you figure that out! Just enter in a few deta. To calculate your consulting hourly rate, determine what salary you’d like to make.

For example, let’s say I wanted to make a gross salary of $60per year. In cell I you should find your post-tax hourly rate. The majority of consultants (3) use a project-based rate to price their projects. Regarding the question of setting consulting fees on a simple daily rate basis, I would recommend as follows: Step 1: Estimate what YOU would expect to be able to get per annum in perm employment, including cash benefits such as bonus, car allowance etc. Don’t be too modest about this.

Calculate your taxes and pay. The reality is that consultants are lucky to get utilization. The other of your time will be spent building your business, marketing yourself, speaking, etc.

REAL EMPLOYEE COST CALCULATOR This calculator is based on the cost accounting methodology detailed in the article below. Use the calculator below to compare the real costs of contractors vs. In terms of your current salaried rate, this is correct.

However this is just the starting point for your rate as a consultant. Everything else is optional so leave blank anything that doesn’t apply. SWIFEE-FREELANCE is a consulting rate calculator created specifically for independent design consultants, many of whom have been thrust into freelancing by a reeling building and construction industry. Then do your research on freelancers in your area and look at competitor prices to see how you stack up.

We’ll use this as a multiplier. With all your data compile you are now ready to calculate your hourly rate : 1. Desired annual salary, $8000. Divided by number of available work hours ÷ 7= 44. Multiply by overhead percentage x 1. This gives you your hourly rate , $60.

This will give you the hourly rate you were making before. Fortunately, they provided a calculator that seemed reasonable, so I am posting it here. A fourth option is to simply charge what everyone else charges.