In a 2009 study of its members, the American Association of Grant Specialists (AAGP) found that grant consultants manufactured an common of $90,000 for every 12 months while grant writers created an average of $fifty three,010. This write-up will expose four causes why consultants make 70% a lot more than salaried grant writers.
Cause one – Cost A lot more For every Project
While grant consultants are freelance specialists who demand for services rendered on a task by task foundation, specialist grant writers usually operate for one company on income. Consultants can for that reason demand a lot more on a project that grant writers who are salaried and do not have the adaptability to charge a lot more for initiatives. Grant writers get paid out a salary and can’t demand more for every grant.
Cause 2 – Consist of Bonuses
Consultants may contain bonuses into their contracts. The AAGP code of ethics permits for functionality-based mostly compensation like bonuses “supplied these kinds of bonuses are in accordance with prevailing techniques” utilized by the businesses and “are not dependent on a proportion of grant monies.” On the other hand, handful of salaried grant writers ever negotiate bonuses into their contracts. So, they are not paid out bonuses.
Explanation 3 – Boost Number of Grants You Submit
Because consultants are paid for each task, if they want to make a lot more income, they simply boost the quantity of grants they post. In other words and phrases, the a lot more grant proposals they submit, the much more money they make.
They are not paid from the grant when awarded, as is believed by the regular American. Currently being compensated out of professional grant writers is a fantasy. Consultants are paid up entrance regardless of regardless of whether a grant is funded or not.
By rising the variety of grants submitted, you can increase the amount you make. However, salaried grant writer are paid the same fee irrespective of the amount of grants submitted, except if specified in any other case in the agreement.
Reason 4 – Convert Advantages Into Income
To their benefit, salaried grant writers make an additional 30% (or $16,039) in positive aspects yearly. For several, this is a enormous advantage of getting on a wage. Consultants do not typically incorporate rewards in their contracts. Consequently, they do not have this luxurious.
On the other hand, consultants can argue that “no positive aspects” is a important personal savings to the company and justify inquiring for more cash either on an hourly or project basis. They can alternatively look for covering overall health and retirement costs by other much less-expensive means.
For illustration, I was functioning on income with advantages for a university. I identified that if I billed for each hour and took myself off wage with benefits, I could really make a lot more and function significantly less than 50 percent the time. The remarkable component is that it cost the college and grant much less, too! Go figure.
In summary, consultants make 70% more than grant writers on salary for four main factors: consultants can charge much more on a grant, could contain bonuses, can improve their pay by growing the variety of grants they create, and may transform advantages into cash flow by exhibiting a personal savings in positive aspects.