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There are other ways to bill for your talent and expertise but those will be covered in another article. Benchmark so you know your rate is reasonable. Remember, even your higher rate will be cheaper in comparison.) It takes practice to quote your consulting billing rate with confidence. There are lots of ways to do this.
As an analogy, baseball player Alex Rodriguez was not clearly more talented than Babe Ruth, but he was paid far more because baseball had become a much bigger, more global industry by the time he was playing. But this $1 billion provides a benchmark against which to compare the pay of $10 million, to decide whether it’s fair.
Transparency creates an expanded playground for our comparisons, potentially heightening our attention and obsession with it and elevating the negative emotions and behaviors that result. It is hard to imagine a policy change that does more to place pay comparison in everyone’s face than pay transparency.
Internal and external network size in comparison with benchmarks in their local areas. Investment in business analyst, data science, and data engineering talent was essential. Salespeople are provided the following every month: Predicted satisfaction scores for their customers.
The comparison can also be reversed in favor of big companies, which enjoy vast resources at their disposal, tremendous brand recognition that can aid future recruiting efforts, and mature products that people know and love. There is no clear benchmark for which category a given company falls into. How long has it been active?
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