- Joined
- Jul 30, 2009
- Messages
- 7,295
- Reaction score
- 301
- Points
- 83
- Location
- Wisconsin
- Your Mac's Specs
- Mac Mini (Late 2014) 2.6GHz Intel Core i5 Memory: 8GB 1600MHz DDR3
How does one find out whether there are "standard rates" for the difference between what an employee is paid and what the employer charges the client? I have searched terms such as "billing rate" "charge rate" and others, and I'm coming up empty. (Unless I want to pay hundreds of dollars to hire a consultant for advice!)
In other words, if your time is billed out, does your boss charge the client 2 times what you're paid, three times, etc. ? I know it will vary, but there should be some sort of guideline for good competitive business practices. I'm particularly interested in the architecture and engineering fields.
I have a ratio in mind from my business courses in college, and my prior work experiences. I just want to know what a reasonable, fair ratio is these days. Anyone have a good source?
In other words, if your time is billed out, does your boss charge the client 2 times what you're paid, three times, etc. ? I know it will vary, but there should be some sort of guideline for good competitive business practices. I'm particularly interested in the architecture and engineering fields.
I have a ratio in mind from my business courses in college, and my prior work experiences. I just want to know what a reasonable, fair ratio is these days. Anyone have a good source?