£80 per hour

[CouldItBeTrueBlue]

Am I being unreasonable to not understand how anyone can earn £80 per hour? Several people at our company have 'retired' then come back into roles where this is their hourly rate. I don't understand how this can be justified.

Maybe I'm being unreasonable.

Eighty quid an hour?

The top 15 hedge fund managers in 2020 collectively took home $23 billion...

I charge between £64 and £100 an hour
30 years of professional experience
Travel, office costs, accountant, corporation tax, printing, IT purchase, paper etc
My PA
All associated employment costs listed below

The public sector organisations to which I contract dont have to pay:
Pension contributions @20%
Travel
Employers NI at 13.8%
Sick pay

They're not paying for what they do, they're paying for what they know.

It depends on the job when I did consultancy work I was charged out at £140/hr I definitely didn't earn this as I was staff.

Contractors charge quite a lot because the work can be sporadic and it's specialist. Most contractors I know are around £600/day but it's highly specialised work.

Oh yes I’m a recruiter and I see this all the time.

Comparator (perm employee) salary £30K

Contractor doing same role - £400 per day

Sounds great but remember they don’t have job security and no employee rights or benefits, such as annual leave, NI contributions, etc

Trying to get tax advice. Hourly rate is £600

When working out hourly rates, it also helps to consider the value of their work to ths business. If a writer composes an email that converts really well and earn the business £50,000 in extra sales, then is the value of their work derived from the time that they spent on it, or the income it has generated?

When working out hourly rates, it also helps to consider the value of their work to ths business.

Very true, the work I've recently done has saved 800,000 a year in licensing costs. I'm cheap in comparison

When trying to find a good therapist in London, I discovered most are single person operations with low overhead charging a min of 300 per hour with the good ones closer to 450-500.

In law, those at the pre partner level there's a wide range but could be 400-800 an hour and most of the law partners I've worked with for work have set there rates at 900+ per hour. Granted that's not what they're getting directly but still!

I can think of some other examples of professional services type professions where all of the above numbers are the norm!