Calculating overtime is generally straightforward for employees with a single hourly rate. According to the Fair Labor Standards Act (FLSA), eligible employees must receive overtime pay at 1.5 times their regular hourly wage for all hours worked exceeding 40 in a standard workweek. However, for t...
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(Material costs + (hours spent × hourly rate)) × multiplier The multiplier reflects things like your reputation or demand for your work. For example, if materials cost $50, you worked 20 hours at $20/hour, and your multiplier is 2, the price would come to $1,000. This ensures your...
Work-study jobs typically require students to work between 10 and 20 hours per week. Depending on the institution and the type of job, students may be able to earn an even higher hourly rate. At Columbia University in New York, for example, students may be able to ea...
So, figure out where you are now. Set some goals. And now, map it out.Create a marketing calendarso you know what you need to work on each week. If you need help creating your marketing plan, there are lots of great resources out there. Google it. Oryou can ask me. It’s what...
“I aimed to make more with each new client,” she told me. Kate also moved away from charging an hourly rate. Instead, she works out a monthly fee for each new client, based on the complexity of their business in terms of payroll and transaction volume. She works out a price by ...
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If you’re salaried, you’ll need to convert that to an hourly rate by dividing your annual salary by the number of hours you typically work in a year (usually 2080 for full-time). Keep a log of your hours worked each week. This includes regular hours and any overtime hours. Count ...
If you price on a project basis, the only limitation you face is the speed in which you can complete the work.You are forced to work more efficiently, which in turn earns a higher hourly rate and impressed the client with a quick turnaround. ...