May 31, 2011 1 Comment

6 Tips for Getting the Hourly Rate you Deserve

Contractors and freelancers are often asked to name their hourly rate for jobs, or state their salary expectations. Depending on the industry and the type of work you’ll be doing, rates can vary widely. I personally have found that for jobs I can properly scope, quoting a flat rate for the entire job is more worthwhile. But sometimes you need to know what figure to quote for work that will be billed at an hourly rate.

Here are some ideas that have worked for me:

  1. Determine how much you’re willing to do the job for. You will have a sense of how much it costs you to work (transportation, child care, clothing, lunches, etc.) and about how much per hour you’d need to earn to make it worth your while to take the job. That figure is your low end, rock bottom amount. See what they’re willing to offer above that figure. If they offer less, you must realize that you’ll be losing money by taking that job. Unless there’s a compelling reason to take that particular job, or if you have some other way of making up your shortfall, tell them thanks but you really need to be making at least $XX.00 per hour.