In a 2009 survey of its customers, the American Affiliation of Grant Specialists (AAGP) located that grant consultants made an regular of $90,000 per calendar year while grant writers created an regular of $53,010. This post will expose four motives why consultants make 70% more than salaried grant writers.
Reason 1 – Cost More Per Project
Whilst grant consultants are freelance professionals who charge for services rendered on a undertaking by task foundation, expert grant writers normally function for a single agency on wage. Consultants can therefore charge more on a venture that grant writers who are salaried and do not have the overall flexibility to demand much more for initiatives. Grant writers get compensated a wage and are not able to demand more per grant.
Reason two – Include Bonuses
Consultants may contain bonuses into their contracts. The AAGP code of ethics allows for functionality-based payment like bonuses “supplied these kinds of bonuses are in accordance with prevailing procedures” utilized by the companies and “are not dependent on a share of grant monies.” On the other hand, number of salaried grant writers ever negotiate bonuses into their contracts. So, they are not paid out bonuses.
Cause 3 – Increase Amount of Grants You Submit
Since consultants are paid out for each project, if they want to make far more income, they just improve the quantity of grants they submit. In other phrases, the much more grant proposals they submit, the much more cash they make.
They are not compensated from the grant when awarded, as is believed by the regular American. Being paid out out of a grant is a myth. Consultants are paid up front no matter of regardless of whether a grant is funded or not.
By escalating the amount of grants submitted, you can increase the amount you make. Nevertheless, salaried grant writer are paid the exact same rate no matter of the quantity of grants submitted, unless of course specified otherwise in the deal.
Cause four – Transform Rewards Into Revenue
To their edge, salaried grant writers make an added 30% (or $16,039) in rewards each year. For many, this is a enormous advantage of being on a wage. Consultants do not usually contain positive aspects in their contracts. Consequently, they do not have this luxurious.
On the other hand, consultants can argue that “no positive aspects” is a considerable savings to the agency and justify asking for far more income both on an hourly or project foundation. They can instead seek out masking wellness and retirement charges by other less-pricey indicates.
For instance, I was operating on wage with rewards for a school. I discovered that if I billed for each hour and took myself off income with positive aspects, I could in fact make more and function significantly less than fifty percent the time. grant writing nj is that it cost the college and grant less, too! Go determine.
In summary, consultants make 70% far more than grant writers on salary for 4 principal factors: consultants can cost more on a grant, may possibly incorporate bonuses, can boost their shell out by increasing the quantity of grants they compose, and might convert benefits into cash flow by demonstrating a savings in benefits.