Pricing Structure

1. Retainer-Based Pricing

Description: Clients pay a fixed monthly fee for ongoing support and services.

Target Audience: Small to medium-sized businesses that need continuous support but don't have in-house teams.

Structure:

Basic Retainer: $2,000 - $5,000/month (for small businesses needing minimal services like compliance, HR admin, or recruitment).

Standard Retainer: $5,000 - $10,000/month (for mid-sized companies requiring comprehensive HR services like talent management, leadership development, and HR technology integration).

Premium Retainer: $10,000 - $20,000/month (for large businesses with complex HR needs, such as international compliance, executive coaching, and strategic planning).

 

2. Project-Based Pricing

Description: A one-time fee for specific HR projects such as recruitment drives, policy development, or restructuring.

Target Audience: Businesses that need short-term or specific HR assistance without a long-term commitment.

Structure:

Small Projects: $5,000 - $10,000 (e.g., policy creation, basic recruitment assistance).

Mid-Level Projects: $10,000 - $25,000 (e.g., leadership training programs, HR audits, compliance reviews).

Large Projects: $25,000+ (e.g., organizational restructuring, implementing new HR technology systems, large-scale recruitment projects).

 

3. Hourly Pricing

Description: Clients are billed by the hour for specific HR consulting services, such as compliance advice, executive coaching, or training.

Target Audience: Small businesses or startups that need on-demand HR consulting or those unsure of the scope of their HR needs.

Structure:

Hourly Rate: $150 - $300/hour depending on the expertise level required (e.g., $150 for general consulting, up to $300 for executive coaching, IT or global compliance guidance)

 

.4. Subscription-Based Pricing

Description: Clients subscribe to a bundle of services on an ongoing basis (monthly or annually) based on the services they use most frequently.

Target Audience: Institutions that prefer predictable, fixed pricing with a scalable service model.

Structure:

Basic Subscription: $1,500/month (i.e. basic services like onboarding, employee benefits management, and compliance).

Growth Subscription: $3,500/month (i.e. HR, Business or IT strategy development, recruitment, employee engagement programs).

Enterprise Subscription: $6,000+/month (i.e. advanced analytics, leadership development, succession planning, global services).

 

5. Performance-Based Pricing

Description: Pricing is tied to the achievement of agreed-upon outcomes, such as strategic development, salary studies, reducing employee turnover, improving retention, system setup/refinement, or enhancing productivity.

Target Audience: Institutions with specific consulting goals who want to see measurable results.

Structure:

Base Fee + Performance Bonus: A small base fee is charged, and additional fees are charged based on the achievement of key performance indicators (KPIs).

Example: $5,000 base fee + 10-20% of salary savings from improved retention, or bonus payment if a recruitment project delivers high-quality hires within a specific timeframe.

 

6. Custom Pricing (Tailored Packages)

Description: Pricing is customized based on a combination of factors like institution size, complexity, and specific consulting needs.

Target Audience: Larger institutions or those with unique needs, such as campus-wide projects, reorganizations or compliance in federal laws.

Structure:

Price is negotiated with each client, taking into account their specific requirements and scope of work.

 

Add-ons (Optional Services)

Leadership Development Workshops: $1,500 - $10,000 per session.

Executive Coaching/Training: $150 - $1,000/hour for one-on-one coaching or training.

HR/IT Technology Integration: Starting at $5,000 for implementing or optimizing software.

Compliance Audits: $10,000 - $25,000 depending on institution size and complexity.