Evaluating Your Consulting Rates

It's always interesting to compare consulting rates, even across industries. After all, determining the best hourly fee can sometimes make or break your business. So, for those of you in a technical consulting field, you may want to see the recent wage information for Consulting Engineering Services released by Canada's stastics tracking agency for producer price index and services. The good news is that the hourly wage continued to tick upward from $107.8 in 2002 to $124.20 in 2006 (the most recent data available). The bad news is that there was no additional detail available. Still, it's an interesting look at our neighboring consultants.

For the rest of you, don't fret. There is plenty of other comparative data to see for the U.S. Check out this resource from the About.com Tech Careers Guide. This is great information for those just starting out and for the veterans. And, if you have been in the consulting business for a while, you may want to consider if it's the right time to increase your rates.