I'm toying with an idea right now of possibly changing my rates come the new school year. Just so I can roughly know how much I will average each month. I'm thinking that my part-timers are not being charged enough. Right now I charge hourly with the bill due at the beginning of the next month. All my parents pay on time and appreciate my services, fees, etc. Most everyone in my area charge on a monthly scale but with my full timers 9 -10 hours I'm making more than them. So here is my questions to everyone.
Does anyone out there still do hourly? Do you have a full time/part-time rate? Is there a higher charge for part-time and how do you decide what is part-time. Do you bill weekly or monthly?
When you charge weekly how do you termin how much to charge each week? Is it one flat rate or do you have a full time/part-time rate? Where do you cut the hours to determine the two? When is that payment due? Also, do you find more parents not paying on time because they don't have the money for a weekly bill like that. Do you print bills each week for the parents and do you find it time consuming if you do to do this each week?
For those that charge monthly how do you termin the monthly fee? Also, where do you cut the hours to determine the difference between full-time/part-time rate? When do you have the payment due? Here is my big question on monthly that I can't wrap my mind around-don't you lose out on money when there is a 5 week month? I know myself I make about 120 dollars more during those months. How do you go about billing for longer months. There are about 3-4 of those a year so I'm thinking there is like another months worth of money that should be collected. Do you just lose out on that money for those types of months.
Also, if a part-timer would happen to go over by an hour or two do you change the whole rate for that day/week/month? How does everyone determine rates if they have a client that works a retail type job-hour fluxuating?
Thanks for everyones help on this! I've only raised my rates $1.00-$1.25 slowly over the last 14-15 years so this is a new territory to be thinking a flat rate type of charge. Also I have parents that tell me I charge so much because when you break it down I'm actually making more than their previous providers because I don't do a flat-rate charge. In the end though they end up very happy because they love the things I do with their children and how much their children are learning here.
Does anyone out there still do hourly? Do you have a full time/part-time rate? Is there a higher charge for part-time and how do you decide what is part-time. Do you bill weekly or monthly?
When you charge weekly how do you termin how much to charge each week? Is it one flat rate or do you have a full time/part-time rate? Where do you cut the hours to determine the two? When is that payment due? Also, do you find more parents not paying on time because they don't have the money for a weekly bill like that. Do you print bills each week for the parents and do you find it time consuming if you do to do this each week?
For those that charge monthly how do you termin the monthly fee? Also, where do you cut the hours to determine the difference between full-time/part-time rate? When do you have the payment due? Here is my big question on monthly that I can't wrap my mind around-don't you lose out on money when there is a 5 week month? I know myself I make about 120 dollars more during those months. How do you go about billing for longer months. There are about 3-4 of those a year so I'm thinking there is like another months worth of money that should be collected. Do you just lose out on that money for those types of months.
Also, if a part-timer would happen to go over by an hour or two do you change the whole rate for that day/week/month? How does everyone determine rates if they have a client that works a retail type job-hour fluxuating?
Thanks for everyones help on this! I've only raised my rates $1.00-$1.25 slowly over the last 14-15 years so this is a new territory to be thinking a flat rate type of charge. Also I have parents that tell me I charge so much because when you break it down I'm actually making more than their previous providers because I don't do a flat-rate charge. In the end though they end up very happy because they love the things I do with their children and how much their children are learning here.
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