What to pay a new hire - Freelance (2023)
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One of the biggest questions that companies considering hiring a freelancer want answered is how much any given freelancer should be paid.
Using data from hundreds of respondents to our 2023 Freelance & Interim survey, we’ve set out some guidelines to follow when it comes to calculating how much to pay freelancers.
Day rates
Freelancers earn, on average, 43% more than permanent staff in consulting. For an approximate conversion between an existing perm role and the equivalent freelancer day rate, divide the perm salary by 120.
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Average day rate - Analyst
On average, freelancers at Analyst level sought a day rate of approximately £450.
Average day rate - Associate
Associate level freelancers earn, on average, £550 per day.
Manager
At Manager level, freelancers typically earn approximately £725 per day.
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Senior Manager
The average day rate for Senior Manager level freelancers is approximately £800 per day.
Director
Director level freelancers often earn day rates in excess of £2,000. The day rates are, however, highly variable, and depend heavily on expertise and project length.
If you’re interested in learning more about hiring freelancers, talk to our team!
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