Once you come up with a rate you can calculate from that to make a shorter or longer project rate for a whole fee. Bear in mind that calculating a rate includes the fact that you are unlikely to be working full time on something for a long period of time; if you are, separate negotiations on appropriate pay would be required with the organisation employing you.

Relationships exist between hourly, daily, weekly, monthly and annual rates, although some artists do not charge hourly rates, preferring to charge half-day or day rates only instead (since travel to and from a venue for working means you cannot work on anything else, and can be included into the rate for that project).  Again this will depend on the project, budget and organisation you are working with.

• Day rate ÷ 7 = hourly rate (including unpaid lunch break, and depending on length of day)
• Day rate x 5 = weekly rate (if no weekends)
• Weekly rate x 52 = annual rate

‘Pro rata’ rates (for part time work); these are often used by universities to calculate 'fractional' earnings for part time tutors or technicians:

• One day: multiply by 0.2 (so a weekly rate of £1,000 x 0.2 = £200 for a day rate)
• Two days: multiply by 0.4
• Three days: multiply by 0.6
• Four days: multiply by 0.8

So, for an income of £30,000 per year for a 2 day a week project for 3 months would be:

• £30,000 ÷ 12 months = monthly rate:
• Monthly rate x 3 months working = 3 months full time fee:
• 3 months full time fee x 0.6 for three days a week = £4,500

Tags:

• working professionally
• earn money
• fee
• money