I found out exactly how much my company is charging clients for my services. Should this affect how large of a raise I ask for?IT contract jobs - how and when to ask your billing rate?How can I justify a request for a large (25%) raise if I recently (last year) got a large raise?The consultancy I work for is extremely short on money. How unusual is this situation?Tactics on negotiating for a raise?Should I ask for an extra raise?
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I found out exactly how much my company is charging clients for my services. Should this affect how large of a raise I ask for?
IT contract jobs - how and when to ask your billing rate?How can I justify a request for a large (25%) raise if I recently (last year) got a large raise?The consultancy I work for is extremely short on money. How unusual is this situation?Tactics on negotiating for a raise?Should I ask for an extra raise?
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I do data science work remotely for a large company that acquired the small company I worked for earlier this year. Previously, I'd only gotten a raise once, after working for the small company for a year. This took my hourly pay from $55 to $60. Its been two years since that raise, and I was about to ask for a raise to $75.
However, I am just about to start a new project for a new client, and in reviewing the agreement we are presenting to the client, I noticed that all the job titles and their hourly rates to charge the client are listed, and it appears they're charging the client $300/hour for my work.
This discovery has made me seriously reconsider my worth, and I'm wondering if, as a "Senior Consultant" (essentially, senior data scientist) with over 6 years experience and a masters degree, I should be making even more. I have no idea what kind of split is typical in this case, so I'm wondering if anyone with experience working in data science consulting has an idea of what the industry standard is close to.
I have a good relationship with my superiors, and I'd expect there would be an open discussion. I just don't want to start the conversation with a number that is too far outside my fair market rate in either direction.
I should note that I receive no benefits of any kind. Just billing hourly.
salary hourly
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
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hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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add a comment |
I do data science work remotely for a large company that acquired the small company I worked for earlier this year. Previously, I'd only gotten a raise once, after working for the small company for a year. This took my hourly pay from $55 to $60. Its been two years since that raise, and I was about to ask for a raise to $75.
However, I am just about to start a new project for a new client, and in reviewing the agreement we are presenting to the client, I noticed that all the job titles and their hourly rates to charge the client are listed, and it appears they're charging the client $300/hour for my work.
This discovery has made me seriously reconsider my worth, and I'm wondering if, as a "Senior Consultant" (essentially, senior data scientist) with over 6 years experience and a masters degree, I should be making even more. I have no idea what kind of split is typical in this case, so I'm wondering if anyone with experience working in data science consulting has an idea of what the industry standard is close to.
I have a good relationship with my superiors, and I'd expect there would be an open discussion. I just don't want to start the conversation with a number that is too far outside my fair market rate in either direction.
I should note that I receive no benefits of any kind. Just billing hourly.
salary hourly
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
1
Who provides your office space, desk, computers, etc.?
– Patricia Shanahan
43 mins ago
Would you want to take less if you found out they billed you out at a smaller than expected rate?
– Joe Strazzere
41 mins ago
I provide my own office space and desk. My computer is a laptop worth about $500 that I've used for 3 years. I provide my own monitor and computer peripherals. @joe not sure if you're trolling me here, yes I would ask for not as large of a raise. Thats the entire reason for this question.
– hedgedandlevered
35 mins ago
@hedgedandlevered - not trolling. In my experience, it works the other way. You ask for what you think you are worth. Then the company bills you out for what they think they can get. At least that's the way I always did it.
– Joe Strazzere
19 mins ago
add a comment |
I do data science work remotely for a large company that acquired the small company I worked for earlier this year. Previously, I'd only gotten a raise once, after working for the small company for a year. This took my hourly pay from $55 to $60. Its been two years since that raise, and I was about to ask for a raise to $75.
However, I am just about to start a new project for a new client, and in reviewing the agreement we are presenting to the client, I noticed that all the job titles and their hourly rates to charge the client are listed, and it appears they're charging the client $300/hour for my work.
This discovery has made me seriously reconsider my worth, and I'm wondering if, as a "Senior Consultant" (essentially, senior data scientist) with over 6 years experience and a masters degree, I should be making even more. I have no idea what kind of split is typical in this case, so I'm wondering if anyone with experience working in data science consulting has an idea of what the industry standard is close to.
I have a good relationship with my superiors, and I'd expect there would be an open discussion. I just don't want to start the conversation with a number that is too far outside my fair market rate in either direction.
I should note that I receive no benefits of any kind. Just billing hourly.
salary hourly
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
I do data science work remotely for a large company that acquired the small company I worked for earlier this year. Previously, I'd only gotten a raise once, after working for the small company for a year. This took my hourly pay from $55 to $60. Its been two years since that raise, and I was about to ask for a raise to $75.
However, I am just about to start a new project for a new client, and in reviewing the agreement we are presenting to the client, I noticed that all the job titles and their hourly rates to charge the client are listed, and it appears they're charging the client $300/hour for my work.
This discovery has made me seriously reconsider my worth, and I'm wondering if, as a "Senior Consultant" (essentially, senior data scientist) with over 6 years experience and a masters degree, I should be making even more. I have no idea what kind of split is typical in this case, so I'm wondering if anyone with experience working in data science consulting has an idea of what the industry standard is close to.
I have a good relationship with my superiors, and I'd expect there would be an open discussion. I just don't want to start the conversation with a number that is too far outside my fair market rate in either direction.
I should note that I receive no benefits of any kind. Just billing hourly.
salary hourly
salary hourly
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
asked 45 mins ago
hedgedandleveredhedgedandlevered
1012 bronze badges
1012 bronze badges
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
hedgedandlevered is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
1
Who provides your office space, desk, computers, etc.?
– Patricia Shanahan
43 mins ago
Would you want to take less if you found out they billed you out at a smaller than expected rate?
– Joe Strazzere
41 mins ago
I provide my own office space and desk. My computer is a laptop worth about $500 that I've used for 3 years. I provide my own monitor and computer peripherals. @joe not sure if you're trolling me here, yes I would ask for not as large of a raise. Thats the entire reason for this question.
– hedgedandlevered
35 mins ago
@hedgedandlevered - not trolling. In my experience, it works the other way. You ask for what you think you are worth. Then the company bills you out for what they think they can get. At least that's the way I always did it.
– Joe Strazzere
19 mins ago
add a comment |
1
Who provides your office space, desk, computers, etc.?
– Patricia Shanahan
43 mins ago
Would you want to take less if you found out they billed you out at a smaller than expected rate?
– Joe Strazzere
41 mins ago
I provide my own office space and desk. My computer is a laptop worth about $500 that I've used for 3 years. I provide my own monitor and computer peripherals. @joe not sure if you're trolling me here, yes I would ask for not as large of a raise. Thats the entire reason for this question.
– hedgedandlevered
35 mins ago
@hedgedandlevered - not trolling. In my experience, it works the other way. You ask for what you think you are worth. Then the company bills you out for what they think they can get. At least that's the way I always did it.
– Joe Strazzere
19 mins ago
1
1
Who provides your office space, desk, computers, etc.?
– Patricia Shanahan
43 mins ago
Who provides your office space, desk, computers, etc.?
– Patricia Shanahan
43 mins ago
Would you want to take less if you found out they billed you out at a smaller than expected rate?
– Joe Strazzere
41 mins ago
Would you want to take less if you found out they billed you out at a smaller than expected rate?
– Joe Strazzere
41 mins ago
I provide my own office space and desk. My computer is a laptop worth about $500 that I've used for 3 years. I provide my own monitor and computer peripherals. @joe not sure if you're trolling me here, yes I would ask for not as large of a raise. Thats the entire reason for this question.
– hedgedandlevered
35 mins ago
I provide my own office space and desk. My computer is a laptop worth about $500 that I've used for 3 years. I provide my own monitor and computer peripherals. @joe not sure if you're trolling me here, yes I would ask for not as large of a raise. Thats the entire reason for this question.
– hedgedandlevered
35 mins ago
@hedgedandlevered - not trolling. In my experience, it works the other way. You ask for what you think you are worth. Then the company bills you out for what they think they can get. At least that's the way I always did it.
– Joe Strazzere
19 mins ago
@hedgedandlevered - not trolling. In my experience, it works the other way. You ask for what you think you are worth. Then the company bills you out for what they think they can get. At least that's the way I always did it.
– Joe Strazzere
19 mins ago
add a comment |
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hedgedandlevered is a new contributor. Be nice, and check out our Code of Conduct.
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1
Who provides your office space, desk, computers, etc.?
– Patricia Shanahan
43 mins ago
Would you want to take less if you found out they billed you out at a smaller than expected rate?
– Joe Strazzere
41 mins ago
I provide my own office space and desk. My computer is a laptop worth about $500 that I've used for 3 years. I provide my own monitor and computer peripherals. @joe not sure if you're trolling me here, yes I would ask for not as large of a raise. Thats the entire reason for this question.
– hedgedandlevered
35 mins ago
@hedgedandlevered - not trolling. In my experience, it works the other way. You ask for what you think you are worth. Then the company bills you out for what they think they can get. At least that's the way I always did it.
– Joe Strazzere
19 mins ago