How To Find Out How Much You’re Really Worth
It’s more than you think.
In 1990, Canadian model Linda Evangelista told Vogue magazine, “We don’t wake up for less than $10,000 a day.”
Today’s supermodels earn millions more than that per day, but one thing is clear:
Everyone worth their drawings or income should know what their time (not just their work) is worth.
A rate per hour reflects the cost of your work, skills, materials and the value you bring to clients or customers.
How To Calculate Your Rate Per Hour
Workers paid by the hour will know the rate they are paid. If you earn a salary, calculate your income per week. That is:
● Income per week = annual salary ÷ 52
Next, calculate your income per day. That is:
● Income per week ÷ hours worked per week
You might have other benefits like a pension or options, but the goal is to reach a rough figure representing your time.
Next, whether you earn a salary or hourly wage, find out what the market pays people with your skill set.
Speak to peers working for different companies. Contact recruiting managers. Research typical rates using sites like…
