In a 2009 study of its users, the American Affiliation of Grant Experts (AAGP) located that grant consultants made an typical of $ninety,000 per 12 months while grant writers manufactured an common of $fifty three,010. This write-up will expose 4 reasons why consultants make 70% more than salaried grant writers.
Explanation 1 – Cost More For each Task
While grant consultants are freelance pros who charge for solutions rendered on a undertaking by venture foundation, professional grant writers normally work for a single company on income. Consultants can as a result demand much more on a project that grant writers who are salaried and do not have the adaptability to cost far more for tasks. Grant writers get paid out a wage and can not charge a lot more for each grant.
Explanation 2 – Contain Bonuses
Consultants could contain bonuses into their contracts. The AAGP code of ethics permits for efficiency-primarily based payment like bonuses “supplied this sort of bonuses are in accordance with prevailing procedures” used by the organizations and “are not primarily based on a proportion of grant monies.” On the other hand, few salaried grant writers at any time negotiate bonuses into their contracts. So, they are not compensated bonuses.
Cause 3 – Boost Quantity of Grants You Submit
Since consultants are paid for each project, if they want to make more money, they just boost the number of grants they submit. In other phrases, the much more grant proposals they post, the far more funds they make.
They are not compensated from the grant when awarded, as is believed by the regular American. Currently being paid out of a grant is a myth. Consultants are paid out up entrance regardless of no matter whether a grant is funded or not.
By rising the variety of grants submitted, you can increase the sum you make. Nonetheless, salaried grant author are paid the same charge no matter of the number of grants submitted, unless specified in any other case in the agreement.
Explanation 4 – Transform Benefits Into Income
To their advantage, salaried grant writers make an extra thirty% (or $sixteen,039) in rewards yearly. For a lot of, this is a huge edge of being on a income. more info do not usually consist of rewards in their contracts. As a result, they do not have this luxurious.
On the other hand, consultants can argue that “no advantages” is a considerable financial savings to the company and justify inquiring for far more funds both on an hourly or venture basis. They can instead seek out masking well being and retirement charges by other considerably less-high priced indicates.
For illustration, I was functioning on wage with benefits for a university. I discovered that if I billed for each hour and took myself off salary with benefits, I could truly make a lot more and function less than 50 percent the time. The wonderful part is that it cost the higher education and grant significantly less, too! Go figure.
In summary, consultants make 70% far more than grant writers on income for four main factors: consultants can cost much more on a grant, may possibly consist of bonuses, can improve their pay by growing the variety of grants they publish, and may possibly transform advantages into earnings by exhibiting a savings in advantages.