Assume you are founding director of a small multidisciplinary design consultancy firm. A client has asked you to provide an hourly rate to undertake an unspecified number of design studies. You nominate a recent hire to your office and the following assumptions are in place in your business plan:
Gross salary of nominated staff: $60,000
Office multiplier for this level of staff and this type of service: 2.5
Office assumption of 1500 productive hours/year
Using the method for calculating hourly charge out rates provided in week 5, what is the office hourly charge out rate for the nominated person? Please show how you arrived at the number.
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