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Originally Posted by RichieRich
Those are both great ideas.
I’ll have to come up with some quantitative KPIs justifying my continued existence and a rate bump. I’m open to anyone sharing ideas on good reasons for the bump, and how much bump. I’m not sure if the typical staff salary increase but for larger organizations would assume ~3-4%??
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Your EPC right? so I think the big focus would be the increased demand for all positions given the current commodity price forecast. Capital budgets are at or higher than 2022. From what I can tell there is a struggle to find quality personal these days. So in a time of increasing work you don’t want to have to retrain and want to keep consistent people in client facing roles to attract more of the upcoming work.
As far as number I would try to find out what EPCs are increasing fee structure by. I have seen 5-7% citing inflation but that’s only one data point. If you know the fee increase your company is passing on its a straight markup business.