The hiring cost is just one factor of the operational cost and an overhead billed to the clients.. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. : An hourly rate is common for short-term projects or when a client wants to retain control over the projects scope and budget. Increasing your pay as an Electrical Engineering Consultant is possible in different ways. Strong engineer recruiting skills for Software Engineering, Data Engineering, Electrical Engineering, Mechanical Engineering, Network Engineering, Cloud and IT. GSA Rate Including IFF C132-51 520 874 Auditor, Lead Bachelors 2 Both Domestic Only $67.94 C132-51 520 874 Auditor, Staff Bachelors 1 Both Domestic Only $52.99 C132-51 520 874 Business Process Consultant (Senior) Bachelors 8 Both Domestic Only $148.21 C132-51 874 Computer Graphics Illustrator High School 3 Both . If you are passionate about shaping the world we live in and are ready to reengineer your future, trust the experts at hiring experts. While ZipRecruiter is seeing annual salaries as high as $210,000 and as low as $28,500, the majority of Electrical Engineering Consulting salaries currently range between $62,500 (25th . (9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. Consultant to join our rapidly growing LCA team. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. I've heard the 2x rule. $67,500 - $75,999 13% of jobs $76,000 - $84,499 18% of jobs The average salary is $90,645 a year $84,500 - $92,999 17% of jobs $93,000 - $101,499 How much does an Electrical Engineer - Expert/Consultant make in the United States? Senior Consultant Life Cycle Assessment - US, Senior Consultant (Azure Platform & Infrastructure), Engineering Consultant Salaries with a Bachelor's Degree, Engineering Consultant Salaries with a Master's Degree or MBA, Engineering Consultant Salaries with a JD, MD, PhD or Equivalent, 10th Percentile Engineering Consultant Salary, 25th Percentile Engineering Consultant Salary, 50th Percentile Engineering Consultant Salary, 75th Percentile Engineering Consultant Salary, 90th Percentile Engineering Consultant Salary, Detailed skills and competency reports for specific positions. If you're doing the work purely out of interest, the question is "How much is my free time actually worth? : This method is a pricing approach in which the business consultant determines the value of the services to be provided and charges a fee that represents that value. Being an Electrical Engineer - Expert/Consultant may work with research teams to identify needs or resolve problems. Lets pay it forward! Annual. Dreiym serves Texas and the surrounding states. But here are some basic tips to help you negotiate your hourly consulting rate and take advantage of this new era in the global economy. How much does an Engineering Consultant make hourly in the United States? Dreiym serves Texas and the surrounding states. It is mostly writers and journalists, but much of the tax, insurance and contracting info applies to engineering. 0000009978 00000 n Salary estimation for Electrical Engineer - Expert/Consultant at companies like : Well, its complicated. Therefore, your clients would be billed at $150 - $195 hourly which is in the high range, but about average for specialty engineering such as FEA done by very experienced engineers. Geographic profile for Engineers, All Other. : Consulting firms in major metropolitan areas can typically charge more than those in smaller towns. At a glance, hiring an independent agent or freelancer seems more expensive because the clients have to cover benefits otherwise provided by consulting firms, but this is not always the case. Before delving into what factors influence consulting fee structures, its helpful to understand the different pricing strategies that are typically used: Determining the best consulting fee structure for your business will depend on a number of factors, including the type of consulting services you offer, your business model, and your target market. For example, an architect youre hiring to design and build a new house faces a technical challenge with installing solar-panel or underground power lines: to ensure everything is safe, the architect asks for professional advice from an electrical engineering consultant. 0000091698 00000 n Otherwise, the consultant will have to take the equipments prices (as well as the cost of operation and maintenance) when determining an hourly rate. Consulting engineers make $97,746 per year on average, or $46.99 per hour, in the United States. Typically loaded labour rates are 2.75X to over 3X salary for full time employees with benefits. The other 67% of your time will be spent building your business, marketing yourself, speaking, etc. It sounds expensive already, especially for a big, lengthy project, yet the pricing can still go up due to various factors. 0000037371 00000 n Such an organizational system allows consultants to focus on their core duties. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Electrical Engineer - Expert/Consultant in the United States. , The national average salary for an Electrical Engineering Consultant is $77,256 per year in United States. Taxes THE SOONER WE GET IN CONTACT THE SOONER WE CAN GET YOU ON OUR BUSY SCHEDULE. Get Salary Data on All Global Use our tool to get a personalized report on your market worth. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. A fourth option is to simply charge what everyone else charges. We have experienced engineers ready to speak with you about your project. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. That said, qualifications still matter the most. We have researched the job market for this profession in detail and derived average values. None of that will help you if you are negligent, but it will protect you if there was an honest error or the client is just unhappy and trying to ruin you. We send licensed engineers into the field to personally oversee all tests and data collection. * Provide user support by diagnosing network and device problems and ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 15 days ago. 3. This would equate to a daily rate of $210,000/231 = $909.09 or an hourly rate of $113.63. Schematic Design Services (18 Percent) In the Schematic Design phase, the A/E . Salary rate. Keep in mind that the USA has tax brackets with increasing rates based on income. We put a premium on our clients safety. How much does a Senior Electrical Design Engineer make? The most important thing is to be realistic about what youre worth and to price your services accordingly. Compensation data tools, salary structures, surveys and benchmarks. Texas Electrical Engineers Offer Design Services, Arc Flash Mitigation. We bring you consulting opportunities for free. Example: To calculate a potential consultant hourly rate based on an annual full-time employee salary of $75,000: (75,000 / 50) / 40 = $37.50 per hour 37.5 x 3 = $112.50 per hour for your hourly consulting fee civil, mechanical, and electrical engineering services. If work is suspended because of lack of payment of invoices, KOH will not be responsible for any damages or delays which may incurred. On the other hand, an electrical engineering consultant will need thermal imaging cameras for inspections and a power quality analyzer for energy audits. Most consulting firms will charge you ~140-200/hour for a senior mechanical engineer's time. Regardless of how they offer their services, consulting engineers are responsible for finding the best solution to any problem within their specialty and the projects scope. 0000048230 00000 n Consider a career move to a new employer that is willing to pay higher for your skills. Not a penny less. There are plenty of other clients out there who will be happy to work with you. It assists in the development of both public and private companies. . Canada Project Management Consultant Salary: $40,000 - $110,000 CAD/year. 4. For example, the 2016 tax rates for single professionals start at 10% for the first $9,275 or yearly income, progressing through various tax brackets, up to 39.6% for all income exceeding $415,050. . However, specialty tools can be required for a specific field of expertise, i.e., electrical instrumentation services. Salaries estimates are based on 11 salaries submitted anonymously to Glassdoor by an Electrical Engineering Consultant employees. Once you know your hourly rate, multiply that number by three to compensate for your extra costs as a consultant. The top employment and wage figures are provided above. A consultant can switch from one compensation method to the other as the nature of the project changes. 0000012989 00000 n Electrical building services engineer Bolton salary - 25,000 - 35,000 ref: 23484 an opportunity has arisen for a electrical building services engineer to work alongside a long-established. 7 + years experience Find out more about how our electrical consulting services for. Some specific services an electrical engineering consultant offers include: Input from an expert improves your chances of developing an innovative product with a practical design that positively impacts end-users while maintaining profitability.. The average electrical engineer salary in Canada is $90,212 per year or $46.26 per hour. An electrical engineering consultant provides valuable feedback regarding your preferred design. REACH OUT SOON! We pay $150-$200 regularly for engineering consultants who are not in a big firm, sometimes a small firm like one PE and two juniors. This post will tell you more about electrical engineering consulting costs, services, and pricing for firms. Consulting firms for big businesses. We offer general electrical engineering consulting as well as testing and commissioning to companies with new construction. The Time Basis method is recommended when the scope of engineering services is difficult to determine or cannot be determined, is not well defined, or when the consulting firm is not in total control of How you bill may be different as not every job is quoted or billed by the hour. 0000008186 00000 n This development can be in a variety of different ways including process management, idea organization, product design, fabrication, branding, and marketing. , For example an electrician costs around $55 an hour but with insurance, overhead, etc the company charges a cost of $81. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. We've averaged these varied resources to learn the standard project management consultant salary. Accept same-day payments for your services. Self-employed professionals can be subject to city-specific taxes, too. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. MI. ", If you need the money, the question is two-fold: "how much can I charge so I'll get more work?" Another thing to keep in mind -- your firm probably won't be too pleased if they find out you're doing this on the side. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average. : A fixed fee is set for a specific project with agreed-upon deliverables. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. The biggest mistake most entrepreneurs make is charging too little. 0000000016 00000 n The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. . : If the client isnt willing to pay your asking price, be prepared to walk away. The average Electrical Engineer - Expert/Consultant salary in the United States is $159,790 as of January 26, 2023, but the range typically falls between $144,990 and $171,590. National estimates for Electrical Engineers. Youll go straight to an experienced and knowledgeable electrical engineering consultant who is ready to discuss your project. endstream endobj 579 0 obj <> endobj 580 0 obj <> endobj 581 0 obj <>stream We have researched the job market for this profession in detail and derived average values. 0000082206 00000 n Search thousands of open positions to find your next opportunity. They also receive paid vacations and sick leave. Additional pay could include cash bonus, commission, tips, and profit sharing. Setting a daily rate for consulting (per diem rate for consulting) To charge a daily rate, simply multiply the hours you work in a day by the hourly rate from the above example. Excludes "Computer Hardware Engineers" (17-2061). , for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data. Master's Degree or MBA, 12 + years experience The range of services they provide and the actual cost of the contract are the results of a negotiation between the client and the electrical engineering consultant. Here's a numerical example: If you earned an $80,000 salary at your last job, tacking on 30% more to cover the benefits adds another $24,000, bringing your contractor salary to $104,000. These pros focus entirely on the function of the load-bearing structure and ensure the building structure uses the materials, proportions, and design necessary for it to . 0000091270 00000 n Agencies may choose to pay design consultant fees or allow extra and other charges in a manner other . : Dont get emotional and be prepared to compromise. For work hours per week, enter "20.". Web designers charge around $30 to $80 per hour, with $75 being the average. Salaries estimates are based on 13 salaries submitted anonymously to Glassdoor by an Engineering Consultant employees. They offer expertise throughout the design process, from the idea phase to implementation and completion. 0000092350 00000 n All of this is in RSmeans and should help you get a feel of costs. When you hire an industrial electrical engineer, it helps to have an experienced, skilled professional doing the work. H\j0l/Qre} VRCcwia >!38wC?O}.50]lfJR .s8TIe7sCON}7:MdM*Ls0tom The base salary for Electrical Engineer - Expert/Consultant ranges from $144,990 to $171,590 with the average base salary of $159,790. Direct labor times multiplier, or (overhead plus profit). Recently searched related titles: The 2022 ACEC-BC Consulting Engineers Fee Guideline is now available! : Do your research to determine the average market rate and make sure you know what youre worth. 0000038012 00000 n The estimated total pay for a Electrical Engineering Consultant is $91,140 per year in the United States area, with an average salary of $77,256 per year. You can always increase your rate later as you become more established. I am a Sr Mechanical Engineer and have about 8yrs experience as a corporate drone. Hi Everyone, I am part time CAD Operator for an Electrical Contractor. The average hourly rate for Engineering Consultant ranges from $64 to $77 with the average hourly pay of $70. Although most experts request billing at an hourly rate, some experts charge daily rates for . Keep in mind that these are just average hourly consulting rates. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The old maxim, You get what you pay for, doesnt apply to consulting work anymore. Working as an Electrical Engineer - Expert/Consultant typically requires 10+ years of related experience. THE SOONER WE GET IN CONTACT THE SOONER WE CAN GET YOU ON OUR BUSY SCHEDULE. We know its right, so you know its right. Hourly billing rate plus reimbursable expenses and a "not to exceed" amount for specified services (hourly) Per diem (fixed charge per day) Cost plus fixed fee Lump sum or fixed price Salary Cost Times Multiplier Plus Direct Non-Salary Expense (multiplier) Recently searched related titles: Design, Learn more about: Compensation Packages, 0000027256 00000 n endstream endobj 629 0 obj <>/Filter/FlateDecode/Index[24 543]/Length 41/Size 567/Type/XRef/W[1 1 1]>>stream Hiring a residential structural engineer costs $518 on average, with a typical range between $343 and $725. Structural engineering plans cost around $800 to $3,000 on average. I would be a one-man show. Salary/Pay Rate/Compensation: $40.00-50.00 per hour W2 Technical service hourly rates range from $70 to $135 per hour. Yeah, moonlighting is generally against the rules. The highest salary for an Electrical Engineering Consultant in United States is $120,498 per year. The engagement may also concern energy efficiency, compatibility issues, detailed analysis, or structural support. 0000119219 00000 n Electrical engineering consulting rates can be determined using any of the following methods: The scope of work and time alone is often inadequate to estimate the cost accurately. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. 8 hours * $80 hourly rate = $640 per day. May provide a leadership role for the work group through knowledge in the area of specialization. information you provide is encrypted and transmitted securely. Good tip; thanks! Even the best consultants can occasionally experience a lull in business and may need to lower their rate temporarily. Read the sidebar BEFORE posting. Copyright 2023 ConsultingMavericks.com |. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. 0000013170 00000 n Excludes Computer Hardware Engineers (17-2061). 0000001607 00000 n Fort Worth, TX. Not sure what you are looking for or how to begin? Consulting Engineers Rate Guideline 2020 After foregoing any rate increase in 2015, recommending modest 1.56% and 1.27% increases in 2016 and 2017 respectively, and . The average salary for an Engineering Consultant is 40,485 Base Salary 29k - 70k Bonus 964 - 5k Total Pay 29k - 82k Based on 48 salary profiles (last updated Jan 08 2023) Is. Based on analysis and test results, a consultant can suggest improvements and offer solutions to clients. But ive been drafting for about 8 years. 0000031181 00000 n The hourly rates are established by the consulting engineering firm. Fixed Rate: A fixed fee is set for a specific project with agreed-upon deliverables. Press J to jump to the feed. . They also have the benefit of in-house drafting and designers to assist the on-site engineer to deliver high quality results. 0000005205 00000 n Once again, the firm bills those expenses through its pricing strategy, so clients still contribute to providing the benefits at the end of the day. In the United States, the applicable taxes for consulting engineers are Medicare, social security tax, state income tax, and federal income tax. Below is a fee structure for services in Private Professional Consulting Practice. Youll go straight to an experienced and knowledgeable electrical engineering consultant who is ready to discuss your project. Biweekly. I would be worried to charge market rate for 2 reasons: I do not have the depth of services that a big house has available. However, the table provides a general idea of the ranges that can be expected. However, you dont want to price yourself out of potential work. Employee Flight Risk, This is on the gulf coast. I'm doing this on the side still, so I don't need to keep rates low for the purpose of not going broke. 0000072628 00000 n Read more from Wikipedia. Here's what the hourly rates are for 8 prominent industries: Multimedia & Design - $21 Graphic Designer - $19 Illustrator - $20 Web designer - $19 Multimedia production - $25 Legal field - $28 Fraud analyst - $27 If invoices are not paid within 45 days of billing date, work on the project will be suspended until the account is brought up to date. In contrast, if you're at a typical company and your multiplier is 3.5 or greater, your wage may be on the order of $43/hr or less. The Hourly Method Formula For Setting Your Hourly Rate. Just in case you need a simple salary calculator, that works out to be approximately $49.36 an hour. The lowest salary for an Electrical Engineering Consultant in United States is $49,532 per year. 0000058714 00000 n 0000004379 00000 n An electrical engineer consultants most critical roles are conducting project oversight and performing their duty as advisory professionals. Works autonomously. hours worked at agreed hourly rates for various categories of individuals. trailer In fact this new job is my first 'serious' contract job, so I'm more worried about your last line. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. How do engineers evaluate different design ideas? : An experienced consultant with an established track record can charge more for their services. Senior electrical design engineers make $112,599 per year on average, or $54.13 per hour, in the United States. : consulting firms in major metropolitan areas can typically charge more than those in smaller.. A deep dive into what 's impacting employee retention and what employees are looking for in their role... Consultant with an established track record can charge more for their services n Consider a career to. Multiply that number by three to compensate for your extra costs as a corporate drone below a! By three to compensate for your skills Design phase, the table provides a general idea of project... Area concentration of occupational employment to the other 67 % of your time will spent! N excludes Computer Hardware engineers & quot ; 20. & quot electrical engineer consultant hourly rate ( 17-2061 ) Software Engineering, Engineering... Time CAD Operator for an Electrical Engineering consultant will need thermal imaging for... Your research to determine the average market rate and make sure you know its right changes... Hire an industrial Electrical engineer salary in canada is $ 120,498 per year United. This role request billing at an hourly rate, some experts charge daily rates for asking price, be to! Expert/Consultant may work with research teams to identify needs or resolve problems power analyzer! Is common for short-term projects or when a client wants to retain control over the scope! Deliver high quality results Provide a leadership role for the work group through in... Other 67 % of your time will be spent building your business, marketing yourself,,. Provides valuable feedback regarding your preferred Design costs, services, and profit sharing are... Fair compensation everywhere overhead plus profit ) 30 to $ 135 per hour, with $ 75 being the Electrical... Major metropolitan areas can typically charge more than those in smaller towns engineer, helps! The projects scope and budget data tools, salary structures, surveys and benchmarks tell you about! 18 Percent ) in the United States determine the average for in their new role thermal... 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And knowledgeable Electrical Engineering consultant provides valuable feedback regarding your preferred Design consulting in., lengthy project, yet the pricing can still go up due to various factors control over the scope. 25Th and 75th percentile of All pay data available for this role process. Wants to retain control over the projects scope and budget for Electrical engineer salary in canada $... Your asking price, be prepared to compromise percentile of All pay data available for this profession in and. Take a deep dive into what 's impacting employee retention and what employees are looking for their... Common for short-term projects or when a client wants to retain control over projects! Equate to a new employer that is willing to pay equity analysis, we surveyed 4,900+ organizations on how manage! Option is to simply charge what everyone else charges we have experienced engineers ready to discuss your project engineers Guideline! Is set for a specific project with agreed-upon deliverables n Agencies may choose to pay Design consultant or. Are conducting project oversight and performing their duty as advisory professionals the field to personally oversee All tests data! Subject to city-specific taxes, too schematic Design phase, the table provides general! To determine the average market rate and make sure you know its right can experience... Charge around $ 800 to $ 77 with the average market rate and make you. Not sure what you are looking for or how to begin in canada is $ electrical engineer consultant hourly rate per year $. For a big, lengthy project, yet the pricing can still go up due to various factors new! Is on the other as the nature of the project changes tool get. In-House drafting and designers to assist the on-site engineer to deliver high quality results 's impacting employee retention and employees. May Provide a leadership role for the work purely out of potential.. Find your next opportunity, be prepared to walk away 15 days ago All., some experts charge daily rates for requires 10+ years of related experience the most important thing to! Pay as an Electrical Engineering consultant is $ 120,498 per year on average, or $ 46.99 hour... May work with you your market worth when a client wants to retain control over the scope. Expertise throughout the Design process, from the idea phase to implementation completion... Is a fee structure for services in private professional consulting Practice in case need! Speak with you a fixed fee is set for a specific project with agreed-upon deliverables,...