priceperhour
Price per hour, or hourly rate, is a unit of pricing that expresses the amount charged or paid for services for every hour of work. It is commonly used in freelance work, consulting, professional services, tutoring, and some consumer services, as well as for internal budgeting in organizations.
Calculation and usage: For service providers, the price per hour can be set as a standard billing
Factors affecting the rate: Skill level, specialization, certifications, industry norms, geographic location, demand, and overhead costs
Advantages and limitations: An hourly rate offers simplicity and transparency, making budgeting and comparisons straightforward. However,
See also: pricing model, hourly wage, billable rate, overhead, value-based pricing.