I'm technically an independent contractor but essentially an employee without benefits for a small company. How do I renegotiate a higher fee when I've gone over hours on projects these past 6 months ? I am underpaid for the services I provide - my fault for not being more savvy at the start.
I've been doing work for a small distributed company as an independent contractor for 2.5 years now. I'm basically an employee without benefits. Always had a steady stream of assignments and am considered part of the inner circle.
In the beginning I provided just a couple of services but now provide more. I know this company is happy to have me and my skills. According to my research, freelancers providing these services on average charge 40 USD/hr to start, whereas right now I get 30 USD (which I got raised from 25 USD a year into the 'job'). Some of the 'external' contractors may be earning more than me doing some of the same work I do.
I'd like to request 40$/hour but after doing the math on some of my recent projects, I realize I've gone over hours (it was a hectic period). This doesn't appear to be a problem because my 'boss' has never said anything to me and I get kudos on my work from the team. I also wonder if even though *I've* gone over hours, if my thorough work has not saved $ further down the line. Still, I'm not pleased with myself and now have no argument to defend raising my rates except this is 'what professionals who do what I do earn'.
Is that good enough?
At this point I am thinking of renegotiating my fee to just 35$/hr and finding myself another, better-paying client or two.
MeFi, do you think my plan is good? Or should I be crazy and ask for 40$, which would be a low yet fair rate for the breadth of professional services I provide?
Any other tips for the independent contractor who's really an employee without benefits?
Thanks in advance for your wisdom. And I've already read this thread