In a 2009 study of its associates, the American Association of Grant Pros (AAGP) identified that grant consultants made an typical of $ninety,000 for every yr although grant writers manufactured an common of $53,010. This article will expose 4 causes why consultants make 70% much more than salaried grant writers.
Reason 1 – Demand Much more For each Task
Whilst grant consultants are freelance pros who charge for companies rendered on a task by undertaking basis, specialist grant writers normally operate for one agency on wage. Consultants can as a result cost much more on a venture that grant writers who are salaried and do not have the overall flexibility to demand more for tasks. Grant writers get paid out a income and are not able to cost far more per grant.
Explanation two – Consist of Bonuses
Consultants may consist of bonuses into their contracts. The AAGP code of ethics makes it possible for for overall performance-dependent payment like bonuses “presented such bonuses are in accordance with prevailing procedures” 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 compensated bonuses.
Reason three – Improve Quantity of Grants You Post
Because consultants are compensated per venture, if they want to make a lot more cash, they simply boost the quantity of grants they post. In nj affordable housing program , the far more grant proposals they post, the much more money they make.
They are not paid from the grant when awarded, as is thought by the common American. Being paid out of a grant is a fantasy. Consultants are compensated up entrance regardless of no matter whether a grant is funded or not.
By growing the variety of grants submitted, you can elevate the sum you make. However, salaried grant writer are paid out the exact same fee irrespective of the number of grants submitted, unless specified otherwise in the contract.
Cause 4 – Convert Rewards Into Cash flow
To their gain, salaried grant writers make an further 30% (or $16,039) in rewards annually. For many, this is a massive gain of currently being on a salary. Consultants do not typically consist of advantages in their contracts. For that reason, they do not have this luxury.
On the other hand, consultants can argue that “no benefits” is a substantial savings to the agency and justify inquiring for more money both on an hourly or undertaking basis. They can instead look for masking health and retirement costs by other less-high priced implies.
For case in point, I was operating on salary with advantages for a university. I uncovered that if I billed per hour and took myself off income with rewards, I could truly make a lot more and function much less than half the time. The wonderful portion is that it expense the university and grant much less, also! Go determine.
In summary, consultants make 70% a lot more than grant writers on salary for 4 primary factors: consultants can cost more on a grant, may consist of bonuses, can enhance their pay by escalating the quantity of grants they create, and could change rewards into income by demonstrating a cost savings in positive aspects.