How to Work Out Your Hourly Rate

I read this ten seconds ago and rush to bring it to you. I’ll be off now trying this out for myself, will you join me? It’s an online hourly rate calculator for freelancers. Contently just covered it, saying in part:

Many people assume figuring out what your hourly rate should be is a simple task. If you’re a freelancer who wants to make $30,000 a year, just figure out how many hours you work per year and divide, right? Not quite. And as any veteran freelancer will tell you, calculating desired rates requires a much more complicated equation.

Basically, before you know thy employer, you must know thyself. BeeWits, a project management software company, wants to help you with that process, and the company’s new rates calculator is straight out of a freelancer’s dream.

Press “Calculate My Hourly Rate” and presto! Your rate, down to the cent, pops up. It would be great to have an explanation of the calculator’s exact formula, for transparency’s sake. And we’d also love if the calculator could save your numbers to refer back to in the future. But if you’re looking for a thorough tool that can take care of some multi-variable accounting, this is perfect.

The Freelance Rates Calculator We’ve All Been Waiting For – Gabe Rosenberg, Contently (20 May 2015

Read the full piece for their take on it and then use the calculator itself online.

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