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Consultancy fees guidance

Yaneik

Hi All,

I completed level 7 back in 2012 but then went on maternity leave and I am now looking to get back into the workforce. Prior to going on maternity leave I was employed by a hospital Trust where I worked as a HR generalist having my own caseloads advising managers on sickness, AL, grievance polices etc.

 

 I have been approached for some consultancy work by a small company. I have been asked to write the company polices, hand book etc (which I’ve never done before). I am basically looking to create the relevant policies and procedures which will support the business and add value. Currently there is no dedicated HR function.

I am seeking some advice on the fees to charge? I’ve found this difficult to say the least but looking for some guidance please?

Thanks

Yaneik

Parents
  • Just a thought, but in addition to what's been mentioned above, instead of charging a daily rate, perhaps you could consider quoting a flat rate/one-off fee for the assignment? Some clients prefer to work to an agreed (known) amount rather than running the risk of going over budget. Perhaps stagger fee payments in line with key objectives being hit and start the project off with an initial payment on commencement.

    If you are venturing into self - employment - I'd definitely recommend you get a good accountant! Like David suggests, in the current climate (IR35), it might be easier to agree a fixed-term contract and engage with the business as an employee.

    Good luck.
Reply
  • Just a thought, but in addition to what's been mentioned above, instead of charging a daily rate, perhaps you could consider quoting a flat rate/one-off fee for the assignment? Some clients prefer to work to an agreed (known) amount rather than running the risk of going over budget. Perhaps stagger fee payments in line with key objectives being hit and start the project off with an initial payment on commencement.

    If you are venturing into self - employment - I'd definitely recommend you get a good accountant! Like David suggests, in the current climate (IR35), it might be easier to agree a fixed-term contract and engage with the business as an employee.

    Good luck.
Children
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