HOURLY RATE CALCULATIONS
In general, hourly rates can be determined based on an individual's salary and fringe benefits, the annual working hours and an appropriate payroll cost factor. For example,
Annual salaries for typical positions and responsibility levels can be found in APEGGA's publication entitled The Value of Professional Services.
Hourly rates for principals of firms will vary according to individual
qualifications and level of experience. The rates should reflect the
additional authority and responsibility associated with such positions.
A principal of a firm, as used here, is defined as a professional who
undertakes to provide responsible technical and organisational direction
to the consultant's professional practice and who represents that professional
practice to clients.
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