Usually, consultants bill client by employee rates. Each employee potentially bills at a different rate. It's based on the employee, because that employee usually performs the same tasks on virtually all projects.
But it turns out that you can expand your typical 'employee rate' billing to include other possible choices.
Here are some others to choose from:
- Roles rates, based on the role a person takes
- Category rates, based on the type of work performed
- Option Year Funding, for government contracts, where employees are named
Mike: Hey everyone, Mike with Standard Time® thanks for joining me. We’re talking with Ray White, very privileged to have him here. Ray, we’re talking all things Standard Time. And I have one question for ya. Billing rates, tell me about them.
Ray: Standard Time has a lot of different models. Different ways in which you can change things up and set the billing rates to be equivalent to your corporate model; different companies do it differently, different employees have different rates. Different projects have different rates. There’s a lot of different combinations there. Your billing rate may be different than the next person and it may be different on another project. Standard Time handles that easily; there’s a nice little screen where you can do that.
OK. So tell me then about long term.
OK that’s a good question. Because on long term projects the rates also change. Let’s say you have a multi-month or multi-year project and the rates for those projects actually change out into the future. So you’ll able to set the rates for future years, you’re also able to set the rates for different roles that people take. Project managers, engineers, developers, different roles, different people have different rates. You can set that all in Standard Time, very easy.
I know you have a cloud version, a windows version, an android version, an iOS version. Why don’t you tell everyone how they can get a hold of this.
You can try this by going out to our website which is stdtime.com. Click the download link, you’re going to see all those versions; windows, web, android, iOS.
That is awesome. You heard it from Ray himself. Go to stdtime.com, download your free version today.