In a 2009 study of its users, the American Affiliation of Grant Pros (AAGP) discovered that grant consultants manufactured an typical of $ninety,000 per 12 months although grant writers created an typical of $fifty three,010. This post will expose four reasons why consultants make 70% much more than salaried grant writers.
Reason 1 – Cost Far more For each Task
Whilst grant consultants are freelance specialists who charge for providers rendered on a venture by project basis, expert grant writers normally operate for 1 company on wage. Consultants can as a result demand far more on a task that grant writers who are salaried and do not have the flexibility to demand far more for assignments. Grant writers get paid a income and are not able to cost much more per grant.
Reason two – Contain Bonuses
Consultants could incorporate bonuses into their contracts. The AAGP code of ethics allows for performance-based mostly payment like bonuses “supplied such bonuses are in accordance with prevailing procedures” utilised by the businesses and “are not based mostly on a percentage of grant monies.” On the other hand, few salaried grant writers at any time negotiate bonuses into their contracts. So, they are not paid bonuses.
Reason 3 – Increase Number of Grants You Post
Since consultants are paid per task, if they want to make much more cash, they basically enhance the amount of grants they submit. In other words, the far more grant proposals they submit, the a lot more money they make.
They are not paid from the grant once awarded, as is believed by the typical American. Getting compensated out of triadincorporated.com is a fantasy. Consultants are paid up front no matter of no matter whether a grant is funded or not.
By escalating the number of grants submitted, you can increase the sum you make. Nevertheless, salaried grant author are compensated the exact same rate no matter of the quantity of grants submitted, unless specified normally in the contract.
Purpose four – Change Rewards Into Earnings
To their advantage, salaried grant writers make an additional 30% (or $sixteen,039) in rewards yearly. For several, this is a large gain of getting on a wage. Consultants do not normally incorporate advantages in their contracts. Consequently, they do not have this luxurious.
On the other hand, consultants can argue that “no advantages” is a significant personal savings to the agency and justify asking for a lot more income both on an hourly or task foundation. They can rather find masking health and retirement charges by other less-pricey implies.
For illustration, I was operating on salary with benefits for a college. I uncovered that if I billed for each hour and took myself off wage with rewards, I could truly make much more and function significantly less than 50 percent the time. The incredible portion is that it value the higher education and grant much less, as well! Go figure.
In summary, consultants make 70% a lot more than grant writers on salary for four principal reasons: consultants can cost far more on a grant, may consist of bonuses, can enhance their shell out by increasing the quantity of grants they compose, and could transform positive aspects into income by exhibiting a savings in positive aspects.