How To Convert Your Annual Salary To An Hourly Consulting Rate Based on the above default calculation you can see where people get the very common rule of thumb to charge an hourly rate equal to your annual salary divided by 1000. We will continue to use this formula for different industries and professions within the freelance industry. Thereafter, in the first box, you need to enter the total amount of money you want to make in a year. $11-$15 - 17%. Freelancers around the world charge the following hourly rates: up to $5 - 16%. IT Consulting Hourly Rates in 2022: Full Price Comparison How to Determine Consulting Rates in Australia | Square Hourly rate calculator - Consultant Journal How Much To Charge for Consulting? Set Consultant Fees & Hourly … We make no warranty or representation as to its accuracy and we are covered by the terms of our legal disclaimer, which you are deemed to have read. Strategy #3: Calculate Consulting Rates Per Project. Tips for contracting. Plus, you need to account for sick time, vacation days, healthcare, and other overhead expenses. To start with, there is the fee structure to think about. What % of the year you expect to work, accounting for time between positions. Consulting Rate Calculator - MDBPADS Consulting