Lovely to hear from you Caroline, I really appreciate your reply… my question was borne out of a discussion I was having with my mentor, and I agree its really hard to determine how much a client needs day to day and week to week, but equally there are advantages of paying a monthly fee - if you can get it right…! Its the value of the service we provide.
On my HR side, there are companies which have bronze, silver and gold style packages and charge a flat fee rate each month, from which the company doesn’t use the full potential of the package they take - thus profit might be seen as easier?! I have a couple of clients who use roughly the same each month, so am looking to suggest to move to a monthly fee - so I’ll have a mixture - just haven’t made that step. I will still record the amount of hours / time spent to make sure its an accurate fee charged.
Which is another question… how do you record your time, do you use an app or just record on an excel spreadsheet?
Lovely to be a part of the group!