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Tips and Answers to Your Questions
Human Resources
How much should an individual/company charge for consulting
fees?
The short answer to this is "it depends." Consulting fees vary widely
according to the region, type of consulting, experience of the consultant,
and the number and quality of alternatives available to an organization seeking
a consultant. In a recent gathering of consultants from several different states
interested in strategic restructuring, for example, we found that those attending
were charging very different rates. The group felt that this was largely due
to geography - that consultants in Texas, for example, were able to charge
less for their work than those from, say, Northern California. This was certainly
not a representative sample, however! You might try contacting a local Support
Center for more information on what the "going rate" in your area.
If you are a nonprofit, you might also check with your funders - they often
give grants to cover the cost of consulting services for their grantees, and
may be able to give you an idea of what their grantees are paying for certain
types of consulting.
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