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C o n t a c t   D e t a i l
Project ID :
9661
Name:
ZAM
Address:
City:
Riyadh             Pincode:
State:
Riyadh            Country: India
Contact details
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P r o j e c t / A s s i g n m e n t   D e t a i l
Title:
Setting the Hourly Rates for a Consulting Firm
Field:
Business Consulting / Consultant
Category:
Financial Consultant
Skills Required:
financial consultant. Setting the Hourly Rates to Charge Out Clients
Freelancer from:
Anywhere, Agra, Ahmedabad, Aurangabad, Allahabad, Amritsar, Bareilly, Bangalore, Chennai, Delhi, Hyderabad, Indore, Jabalpur, Kolkata, Mumbai - Anywhere, Nagpur, Pune, Surat
Type of Work:
. Job is Offsite and Work can be done from Anywhere.
Remuneration Offered:
$ Per Assignment. Duration 2 days

More Details about Project

We are a consulting firm with 13 consultants (employees). I want to determine the hourly rate for each of them based on several factors, including:

1. Employee salary

2. Employee experience

3. Indirect business costs/Overheads (rental, services, etc.)

4 . Profit margin

5. Factors you add from your experience that we should consider when determining the hourly rate.

Please note that experience is not indirectly taken care of through salaries as there are other factors in determining salaries. So, both factors (i.e., salary and experience) must be considered in setting the hourly rate of each consultant.

We must consider utilizations. Each consultant has a percentage that is determined each year, and it represents the time the consultant spends working for clients matters; the rest are administrative or business development functions.

I think the consultant cost/salary, which represents the work not allocated to clients, should be carried over automatically to the overhead to be accounted for.



Also, we want a fair formula to set a blended hourly rate for 1. all consultants 2. and for each level (i.e., partner, associates, etc.)



We expect an excel file with the equations; as we enter the required inputs, the hourly rate for each and blended hourly rates are calculated.

 
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