In a 2009 survey of its users, the American Association of Grant Experts (AAGP) identified that grant consultants manufactured an average of $90,000 per calendar year although grant writers produced an typical of $53,010. This post will expose four factors why consultants make 70% a lot more than salaried grant writers.
Cause 1 – Cost A lot more For every Task
Whilst grant consultants are freelance specialists who demand for services rendered on a undertaking by venture basis, specialist grant writers usually perform for a single agency on salary. Consultants can as a result demand a lot more on a task that grant writers who are salaried and do not have the adaptability to charge much more for projects. Grant writers get paid a wage and can’t cost a lot more per grant.
Cause two – Include Bonuses
Consultants may consist of bonuses into their contracts. The AAGP code of ethics permits for overall performance-primarily based compensation like bonuses “offered this kind of bonuses are in accordance with prevailing methods” utilized by the organizations and “are not dependent on a percentage of grant monies.” On the other hand, couple of salaried grant writers ever negotiate bonuses into their contracts. So, they are not paid bonuses.
Explanation three – Boost Variety of Grants You Submit
Given that consultants are paid out per project, if they want to make far more money, they merely boost the quantity of grants they post. In other phrases, the far more grant proposals they submit, the a lot more funds they make.
They are not compensated from the grant as soon as awarded, as is imagined by the typical American. Currently being paid out out of a grant is a fantasy. Consultants are compensated up entrance regardless of whether a grant is funded or not.
By growing the variety of grants submitted, you can elevate the volume you make. Nonetheless, salaried grant author are compensated the exact same price regardless of the amount of grants submitted, unless specified otherwise in the agreement.
Purpose 4 – Convert Positive aspects Into Cash flow
To their advantage, salaried grant writers make an further 30% (or $16,039) in positive aspects every year. For several, this is a large gain of getting on a income. Consultants do not normally consist of advantages in their contracts. Consequently, they do not have this luxury.
On professional grant writers , consultants can argue that “no benefits” is a important savings to the company and justify asking for more funds possibly on an hourly or venture foundation. They can as an alternative look for masking well being and retirement charges by other less-high priced means.
For case in point, I was doing work on wage with rewards for a school. I uncovered that if I billed for each hour and took myself off wage with advantages, I could truly make much more and work considerably less than fifty percent the time. The remarkable element is that it value the university and grant considerably less, as well! Go determine.
In summary, consultants make 70% far more than grant writers on income for four major causes: consultants can cost much more on a grant, may contain bonuses, can increase their shell out by growing the quantity of grants they write, and may transform rewards into earnings by demonstrating a cost savings in positive aspects.