How to calculate an hourly rate based on my per-word rate?
Thread poster: Ivana de Sousa Santos

Ivana de Sousa Santos  Identity Verified
Portugal
Local time: 15:54
French to Portuguese
+ ...
Apr 16, 2007

I'm terrible at maths and I need to make an hourly rate for editing based on my per-word rate.

This rate is 0.03. How to calculate the hourly rate accordingly for a 30,000-word text?

Thank you in advance
Ivana


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Ralf Lemster  Identity Verified
Germany
Local time: 16:54
English to German
+ ...
Only you can answer that... Apr 16, 2007

...as you will know how many words you can process per hour, on average.

Best regards,
Ralf


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Zamira*****  Identity Verified
Russian Federation
Local time: 17:54
English to Uzbek
+ ...
I would Apr 16, 2007

multiply the average number of words you edit per day by 0.03 and divide it by the average number of hours you work per day.

say you do 5000 words/day x 0.03 = 150 eur/day and need 8 hrs, that makes 18.75 eur/hr

then you would need 6 days x 5000 = 30.000 words = 900 eur

Zamira

[Edited at 2007-04-16 10:50]


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Ivana de Sousa Santos  Identity Verified
Portugal
Local time: 15:54
French to Portuguese
+ ...
TOPIC STARTER
Thank you Apr 16, 2007

Thank you Ralf and Zamira.

Regards,
Ivana


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Heinrich Pesch  Identity Verified
Finland
Local time: 17:54
Member (2003)
Finnish to German
+ ...
You could ask you plummer Apr 16, 2007

or other professional who charges per hour. Then you know how much you are worth in your part of the world.
Seriously, there are stats for translation professionals on various web-sites.

Cheers
Heinrich


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megane_wang  Identity Verified
Spain
Local time: 16:54
English to Spanish
+ ...
I strongly agree with Heinrich Apr 16, 2007

Since you say you are terrible at maths, and I would recommend that you used the ProZ.com Rate Calculator, here:

http://www.proz.com/?sp=rate_calc

When you do it:

- Try to be absolutely honest with your data. No one will record what you do.
- Do not think you will be working 60-hours per week for the rest of your life.
- Do not forget that you WILL need to update your hardware.
- Be particularly honest with your personal income. You are a person and deserve to live as such. Shared flats, low rents, no health or accident insurance, no retirement plans, the cheapest travel tickets... this does not make your life forever.
- In the end, add a 10% fudge factor for things you still don't know that can ever happen (unpaid invoices that take EVEN more to recover, REAL time you spend on commercial and administrative tasks...). For sure, you don't know that. So go and add it.
- If you did not add this number I told you before, then do please go and ADD it.

After all, if the result frightens you, remember Heinrich message... and this Spanish saying, that I hope it can be understood by a Portuguese speaker:

"Esto es pan para hoy, hambre para mañana"

Best luck !

Ruth @ MW


[Edited at 2007-04-16 14:49]

[Edited at 2007-04-16 14:51]

[Edited at 2007-04-16 14:52]


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