In a 2009 study of its customers, the American Association of Grant Professionals (AAGP) located that grant consultants made an regular of $90,000 for each 12 months even though grant writers produced an average of $fifty three,010. This report will expose 4 factors why consultants make 70% a lot more than salaried grant writers.
Explanation one – Demand More For every Venture
Whilst grant consultants are freelance pros who charge for services rendered on a undertaking by undertaking foundation, specialist grant writers usually function for one particular agency on income. Consultants can therefore cost far more on a venture that grant writers who are salaried and do not have the flexibility to demand a lot more for tasks. Grant writers get paid a income and can’t cost far more per grant.
Purpose 2 – Contain Bonuses
Consultants may contain bonuses into their contracts. The AAGP code of ethics permits for functionality-dependent payment like bonuses “presented such bonuses are in accordance with prevailing practices” utilised by the organizations and “are not based mostly on a share of grant monies.” On the other hand, couple of salaried grant writers at any time negotiate bonuses into their contracts. So, they are not paid out bonuses.
Explanation 3 – Enhance Quantity of Grants You Post
Considering that consultants are compensated for every undertaking, if they want to make more income, they basically boost the amount of grants they submit. In other phrases, the much more grant proposals they submit, the far more cash they make.
They are not compensated from the grant after awarded, as is thought by the regular American. Getting compensated out of a grant is a myth. Consultants are paid up entrance no matter of regardless of whether a grant is funded or not.
By escalating the amount of grants submitted, you can increase the volume you make. Nevertheless, salaried grant author are paid out the very same charge irrespective of the variety of grants submitted, except if specified otherwise in the deal.
Purpose 4 – Convert Rewards Into Cash flow
To their benefit, salaried grant writers make an further thirty% (or $sixteen,039) in advantages every year. For several, this is a massive advantage of currently being on a salary. Consultants do not generally include advantages in their contracts. As a result, they do not have this luxury.
On the other hand, consultants can argue that “no advantages” is a significant cost savings to the company and justify asking for more money possibly on an hourly or project foundation. They can rather seek masking wellness and retirement expenses by other less-high priced indicates.
For www.triadincorporated.com , I was operating on income with advantages for a school. I found that if I billed for every hour and took myself off wage with advantages, I could in fact make a lot more and operate much less than half the time. The amazing element is that it cost the higher education and grant less, as well! Go determine.
In summary, consultants make 70% a lot more than grant writers on income for 4 major motives: consultants can demand a lot more on a grant, could consist of bonuses, can enhance their pay by escalating the number of grants they compose, and may transform rewards into revenue by demonstrating a cost savings in advantages.