maya: How do you calculate hourly rates? Is there a formula that can help you extrapolate from a yearly salary?
Yes, but remember if you are a contractor - you should add in (30%, but your milage will most certainly vary) for taxes and benefits. If you maintain an office (if you don't at least think about what the overhead costs would be) calculate cost of doing business. This includes rent, supplies and the cost of your computer equipment. You, as a contractor, are baring the financial responsability for a lot of stuff. Salary is for skill levels is often a third to two thirds of billable rate (usually on a sliding scale). Most design firms and agencies work with salary + fixed cost, and fro freelancers rate x mark up percentage. maya: I have a freelance job that's 20 hours a week for the next 3 months, working remotely--I feel I should charge less than I would for a short-term project but more than I would for a full-time gig. I have had half time positions and they never, never end up being half time unless you have regular office hour, and even then... maya: Can anyone give me a clue about industry standards in New York for a Senior IA and/or Creative Director? If you have a trusted client or two, ask what they would expect to pay for your skill level and the types of projects you are working on. Try checking in with folks at an AIGA meeting where this sort of contracting is very common. In short, charge as much as you can while still getting some work. Your worth and perceived skill level is very often based upon your hourly rate. I find that freelancers are often embarassed or afraid to throw out what they see as a large number. Stand in front of a mirror and practice saying the number (seriously!). Don't be so reasonable. You want to be charging a rate high enough so that you loose some projects on price. Mark On Nov 2, 2007, at 12:22 PM, maya gorton wrote: > Hi there, > > How do you calculate hourly rates? Is there a formula that can help > you > extrapolate from a yearly salary? > > I have a freelance job that's 20 hours a week for the next 3 > months, working > remotely--I feel I should charge less than I would for a short-term > project > but more than I would for a full-time gig. > > What do you think? > > Can anyone give me a clue about industry standards in New York for > a Senior > IA and/or Creative Director? > > I'd be happy to hear anyone's experiences with this. > > Thanks for your help! > -- > m a y a ________________________________________________________________ *Come to IxDA Interaction08 | Savannah* February 8-10, 2008 in Savannah, GA, USA Register today: http://interaction08.ixda.org/ ________________________________________________________________ Welcome to the Interaction Design Association (IxDA)! To post to this list ....... [EMAIL PROTECTED] Unsubscribe ................ http://gamma.ixda.org/unsubscribe List Guidelines ............ http://gamma.ixda.org/guidelines List Help .................. http://gamma.ixda.org/help
