{ "media_type": "text", "post_content": "What are the pros and cons of charging a day rate vs hourly?", "post_id": "5b798b81ee2c45001422b147", "reply_count": 10, "vote_count": 0, "bowl_id": "5908c9d5f735ee00105b9fa4", "bowl_name": "WFH Freelancers" }

What are the pros and cons of charging a day rate vs hourly?

Posting as :
works at
You are currently posting as works at

I always say my day rate is for up to 8 hrs then OT kicks in after that given late nights are common in advertising. So it’s the best of both worlds and I’ve never had issue with companies by operating that way. Because if it turns out to be a slow day and they don’t need me for half the day I get paid in full since I could’ve turned down other work to take their job

likesmarthelpful

Day rate- advantage of you don’t expect to stay late often; Hourly- an advantage if you expect lots of after hours

like

^I’d love some tips on how to negotiate that way, I need to learn

like

I’m always in the camp of hourly. I’ve worked at agencies where FL’ers had the option to be paid day rate or hourly and I always chose hourly. Can recall many times where we’d work on pitches and stayed at the agency for days on end and can thank myself for being hourly or I would have been screwed otherwise.

like

I do day rate for up to 11 hours. 1.5x for anything above that

like

It should be both. Hourly with a guarantee. Meaning 8 hour guarantee after that it’s OT on an hourly

like

I offer either way and let the agency choose. Makes no difference to me. Little more flexibility to charge more for long days if I charge by the hour, but I personally never take advantage of that. So for me, it’s all the same.

Screenshotting this

SAD1, highly suggest changing that to day rate up to 8hrs then 1.5x until 12hrs then 2x after that. It’s standard for hourly workers so it’s not a hard thing to negotiate for! Get what you deserve

If I’m doing director level work then I offer a day rate for 12hrs at a somewhat discount to my standard hourly rate and anything over 12hrs is billed at full hourly. If I’m just pushing pixels then I just go straight hourly at a ACD/SAD rate since most of the time it’s not a full days work anyways

Related Posts

Whether we need to give back joining bonus if we resign before 1 year but last working day is after 1 year or so?

like

Currently feeling like I’m being way underpaid for my role as a tech Project Manager in Austin, TX. Can any other PMs weigh in and let me know your salary ranges? I have 2 YOE with Cisco and 2.5 YOE prior to that, yet I’m only at $75k. Wanting to ask for a raise soon so just looking to get an idea as to what others are making.

like

How quick do you get notified how to pay back your retention bonus after you leave?

like

What is the offered salary range for the designation of Staff Consultant in Nagarro in India ? Nagarro

like

What are the best modules to get certified for (i.e. highest demand in ecosystem right now)? I’m currently certified for HCM, core comp, and advanced comp so looking to expand my skill set. I was thinking of getting certified in advanced reporting + prism

like

Does anyone knows what is the compensation range for Associate Partner/ Principal role at EY? Thanks I’m advance. Edit - I am keep it as it is because I don’t want to ruin the jokes in the comment.

like

New to the Bowl, greetings to all. I have a question for the sales leaders in the group about the design of sales comp plans. We are in professional services and our customers are about 50:50 retained and project-based. As such, we have an appetite for steady new business acquisition in addition to a need to provide excellent account management. Our gigs are usually in the 150K-750K range. Our BD process is very consultative, 99% of our leads are inbound. <more...>

like

Hi - if I quit baking after my 2 years and got my associate promo bonus (which is now seen as an overpayment), do I need to pay it back to company if they are asking for it? What happens if I don’t? (I am in Canada btw)

like

What’s the salary range for a senior practice manager at AWS?

like

What’s life like at DayBlink in DC? What kind of work, training, WLB, comp, and culture?

like

What’s the typical salary increase and bonus if you get promoted from manager to senior manager?

like

Can anyone share insight into attorney salary trajectories at Fragomen? Most likely beginning my career here :)

like

What's a normal salary range for juniors in LA?

like

What is Consultant level salary at ADL like in Dubai office? By C1 - C3 if possible. Glassdoor has one data point at AED 29k

like

Hey fishes, am applying for A job in reputed organisation, in the application form it is asking for expected compensation? Please suggest me, YOE 7 years, Role applying is related to HR field

like

If you got hired at the absolute bottom of the payband, I gave my salary expectations which was unknowingly less than my offer a few months back, is it possible to renegotiate a raise to at least the middle of the payband, come the performance review, raises, and bonus meeting, especially given inflation? In addition my firm’s new base payband for my position as an external higher is posted at 31% higher than my current salary.

like
like

Hi fishes, please tell me what should be expected salary for technical architect role in Cisco?

like

If you are a mid-level/senior corporate associate from a V3 in NYC, summa cum laude from a T5 law school, what type of sign on bonus can you get in this market?

likefunny

Looking at a sales manager role with Salesforce is there any scope for a sign on bonus and or equity?

like

Additional Posts

Hi guys, Planning to switch and currently having 7+ experience(12 L).. my skills are jenkins, dockers,kubernetes,git,ansible,weblogic,apache,linux .Suggest me some tips to crack interviews( last 4 years in same company)..

like

Some poor assholes had to comp this up and get it approved over the last few weeks, and have it ready to post tonight. Someone else has to compile “GoT Finale Tweets” for Adweek. Jeeesus. Dracarus.

Post Photo
like

Does anyone work for McKinsey within their Digital Arm as an architect? I was told this would be on the expert path. Can anyone tell me how the project dynamics would differ? Another thread I read mentioned that experts are utilized across multiple projects. True?

like

What are the current timelines for H1B transfers? Transferring to FAANG and assuming premium processing. Anyone going through this?

like

I’m planning to take the GRE because I think it plays more to my strengths when it comes to tests. However, post MBA goal is IB…will schools/BBs/EBs scratch their heads at that?

like

Lol Canadian Immigration and Citizenship website crashed due to traffic.

like

My manager just agreed to a massive scope creep made by a different client team that has to be done by this Monday. Looks like no weekend for me!

Post Photo
like

Hello , did anyone else also suffer through accounting courses in college , but really enjoyed the actual work during an internship ? Do I give up on accounting or stick it out ?

likefunny

I am interviewing for a Technical Account Manager role (TAM) at Salesforce and I have my Technical interview next week. Does anyone know what type of questions to expect? Any tips/pointers would be appreciated as well! I really want to land this gig.

like

Anyone from JPMorgan Chase work on the Global Technology Strategy team? I’ve got an initial interview tomorrow afternoon with the recruiter and would appreciate the opportunity to discuss the team with anyone before or after that conversation. Thanks!

like

I was just recruited into a management consulting practice at a big4 and my first project is staff aug. Is this a bad sign?

like

Hello fishes! Need referral at KPMG, I have the job details. Please let me know if any one of you or your friends working there. KPMG

like

I’m curious of everyone’s views on job hopping. I’m on my 3rd job and have ~3 years of sales experience. Each job change has been an increase in comp and has shown clear career progression. At this point I’m working for a well known public company in SaaS, in their SMB segment, which has been great. But I’ve been approached by a smaller startup offering to double my base salary, 2.25x my OTE, and equity for an enterprise rep position. This is very enticing, but would I look like a job hopper?

like

What if the entire consultant and analyst pool goes on a strike and asks for a Conalyst Union with a lot of reasonable demands in a company like Accenture? Is this scenario even possible?

like

Fellow Members of the Tribe: what is your out of office email for Yom Kippur and how stringent are you about (not) checking your phone/emails?

like

Can someone explain how an “American” platinum challenge works? Want to know the parameters. TIA!

like

Recently made the jump from mostly insurance defense work where my average billable rate was around $225/hr. Now the average billable rate is probably about $450/hr. Would I be able to get away with my insurance defense billing practices. I was averaging about 2800/yr before. Would that be cool in big law?

like

Long Post : I have a divorced female friend that I have known for over 15 years and consider as a sister. For the past couple weeks because I was on the bench and bored we talked about an hour+ often, especially when I am walking and need company. My wife went through my T mobile call history and mad because I'm talking to her too often and too long. She knows the friend as well and we all hangout on multiple occasions. Am I doing something wrong here? Or my wife is just insecure?

like

How to get recognized by Big 4 leadership: Deliver a bad product “on time” and then start “killing it” fixing all the inevitable issues you created through carelessness. They are all clueless...

likefunny
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal