hourly rates

Time-based pay scale

Hourly rates are charges calculated per hour of work or service.

Professionals like lawyers, consultants, and contractors typically bill at hourly rates rather than flat fees: Her hourly rate is $150.

The term also applies to wages: The job pays an hourly rate of $18.

Comparing hourly rates helps clients evaluate costs across providers.

Opposites
compensation structure

hourly ratesannual salary

Compensation per year

flat fee · monthly salary · salary · retainer · stipend

payment granularity

hourly ratesweekly rates

Prices per seven days

Family

rate, hour, hourly, rates

Familiarity
Top 50,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G