In a 2009 survey of its associates, the American Affiliation of Grant Pros (AAGP) discovered that grant consultants manufactured an typical of $90,000 for each yr although grant writers manufactured an typical of $fifty three,010. professional grant writers write-up will expose 4 reasons why consultants make 70% much more than salaried grant writers.
Reason one – Cost Much more For each Undertaking
Even though grant consultants are freelance experts who demand for services rendered on a undertaking by project basis, expert grant writers usually perform for one particular agency on income. Consultants can consequently cost much more on a task that grant writers who are salaried and do not have the flexibility to charge more for projects. Grant writers get compensated a salary and can not charge a lot more for each grant.
Reason 2 – Consist of Bonuses
Consultants could contain bonuses into their contracts. The AAGP code of ethics makes it possible for for efficiency-dependent payment like bonuses “supplied such bonuses are in accordance with prevailing practices” utilised by the companies and “are not based mostly on a share of grant monies.” On the other hand, handful of salaried grant writers at any time negotiate bonuses into their contracts. So, they are not paid bonuses.
Cause three – Boost Amount of Grants You Post
Considering that consultants are compensated per project, if they want to make more money, they basically boost the quantity of grants they post. In other words, the much more grant proposals they post, the much more money they make.
They are not compensated from the grant as soon as awarded, as is considered by the typical American. Being compensated out of a grant is a myth. Consultants are compensated up entrance no matter of whether a grant is funded or not.
By growing the quantity of grants submitted, you can increase the amount you make. Nonetheless, salaried grant author are paid the exact same fee no matter of the amount of grants submitted, unless of course specified or else in the deal.
Cause 4 – Transform Rewards Into Income
To their edge, salaried grant writers make an added thirty% (or $sixteen,039) in benefits annually. For numerous, this is a huge advantage of currently being on a wage. Consultants do not typically consist of rewards in their contracts. As a result, they do not have this luxury.
On the other hand, consultants can argue that “no positive aspects” is a substantial financial savings to the company and justify asking for a lot more income both on an hourly or project basis. They can as an alternative find masking health and retirement costs by other significantly less-costly implies.
For illustration, I was functioning on wage with advantages for a university. I identified that if I billed for each hour and took myself off salary with advantages, I could in fact make much more and operate considerably less than 50 percent the time. The remarkable part is that it cost the school and grant much less, too! Go determine.
In summary, consultants make 70% a lot more than grant writers on income for 4 major causes: consultants can charge much more on a grant, could consist of bonuses, can enhance their pay by increasing the amount of grants they compose, and may convert rewards into earnings by demonstrating a personal savings in positive aspects.