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Target Hourly Rate CalculatorStandard Rate Needed for a Revenue Goal

What do the numbers come to once the work is shown?

The standard rate required to reach a revenue target from billable hours and expected realization.

  • Runs in your browser
  • Nothing stored or sent
  • Free, no sign-up
Your figures
Example figuresIllustrative only. Type over them with your own.
Required standard rate
$139
Standard rate needed for the revenue goal
Required effective rate
$125
Drawn to one scale
Required standard rate$139
Required effective rate$125
All results
MeasureResult
Required standard rate$139
Required effective rate$125
How this was worked out
Work shownrecomputed as you type
Effective rate = revenue target / billable hours
Standard rate = revenue target / (billable hours x realization)

Illustrative arithmetic on the figures you enter. Check the result against your firm's methodology before relying on it.

The formulas

  • Effective rate = revenue target / billable hours
  • Standard rate = revenue target / (billable hours x realization)

How it works

The effective rate is what you must earn per hour. The standard rate is what you must quote per hour so that, after the write-downs you expect, you still earn the effective rate.

Illustrative figures only. Check the result against your firm's methodology before relying on it.

Common questions

Which hours go in?

Billable hours you expect to charge, not hours worked.

Is this one rate for everyone?

It is a firm-wide average. Use the blended rate calculator to compare it with your rates by level.

Formulas on this page are the standard definitions.

Runs in your browser. The figures you type are not sent to CORAA or stored. Check the result against your firm's methodology before relying on it.

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