In a 2009 survey of its customers, the American Affiliation of Grant Professionals (AAGP) discovered that grant consultants produced an regular of $ninety,000 for every calendar year even though grant writers created an regular of $fifty three,010. This article will expose four reasons why consultants make 70% a lot more than salaried grant writers.
Reason 1 – Cost Much more For each Task
Even though grant consultants are freelance pros who demand for services rendered on a project by undertaking basis, professional grant writers usually work for a single company on wage. Consultants can for that reason demand a lot more on a project that grant writers who are salaried and do not have the versatility to demand a lot more for assignments. Grant writers get paid a salary and are not able to charge a lot more for each grant.
Cause two – Consist of Bonuses
Consultants may include bonuses into their contracts. The AAGP code of ethics enables for functionality-dependent compensation like bonuses “supplied this kind of bonuses are in accordance with prevailing methods” utilised by the agencies and “are not dependent on a percentage of grant monies.” On the other hand, number of salaried grant writers ever negotiate bonuses into their contracts. So, they are not paid bonuses.
Cause 3 – Increase Variety of Grants You Submit
Considering that consultants are compensated per undertaking, if they want to make far more funds, they just enhance the variety of grants they submit. In other terms, the far more grant proposals they submit, the more money they make.
They are not compensated from the grant as soon as awarded, as is believed by the average American. Currently being paid out of a grant is a myth. Consultants are paid up front no matter of whether a grant is funded or not.
By escalating the variety of grants submitted, you can elevate the amount you make. Even so, salaried grant author are paid the identical rate regardless of the amount of grants submitted, unless of course specified otherwise in the agreement.
Purpose 4 – Transform Positive aspects Into Earnings
To their edge, salaried grant writers make an added thirty% (or $sixteen,039) in positive aspects yearly. For numerous, this is a enormous gain of currently being on a salary. Consultants do not typically contain benefits in their contracts. Therefore, they do not have this luxury.
On the other hand, consultants can argue that “no positive aspects” is a important financial savings to the company and justify inquiring for more money both on an hourly or venture foundation. triadincorporated.com can instead look for masking health and retirement costs by other less-high priced indicates.
For case in point, I was operating on wage with benefits for a school. I uncovered that if I billed per hour and took myself off wage with advantages, I could truly make a lot more and perform less than half the time. The remarkable component is that it value the college and grant considerably less, as well! Go figure.
In summary, consultants make 70% far more than grant writers on income for four primary reasons: consultants can charge much more on a grant, might consist of bonuses, can improve their shell out by rising the amount of grants they write, and could convert benefits into cash flow by displaying a cost savings in rewards.