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If you’ve heard Andrew Charlton from BACK talking about calculating your true hourly rates and return on investment on IT projects, here are the work sheets for you to use.
Calculating your Worth
Aspirational Income £
How many weeks a year can you work?
How many days a week can you work?
How many business hours a day can you work?
Multiply these together to give the theoretical maximum billable hours
What proportion of your day is taken up doing non-billable work? ______ %
Multiply these together to get actual billable hours ______ per annum
Take your aspirational income and multiply by 3 to reflect overheads, profit and salary £ ______ required income
Divide by actual billable hours £ ______ actual billable rate
Evaluation of Return on Investments
Daily saving in efficiencies and reclaimed billable hours
Multiply by weeks per year worked
Multiply by days per week work
Multiply by target billable rate per hour
Multiply by number of staff
Sub-Total
Subtract Cost of Project
Total Return on Investment in Year 1
