For freelance editors and their clients, estimating the cost and time for a project is an important skill. Here are some of the factors to consider when estimating a project, as well as some industry standard rates.
Freelance editing ratesSome suggested standard pay scales and productivity rates for editing:
- Productivity Rates in Editing (February 2011) from Catch the Sun (Canada, rates taken from U.S. source).
- What do editors charge? Some guidelines on productivity rates and billing from the Editors’ Association of Canada.
- Janet Mackenzie, the author of The Editor’s Companion (written in 2004), suggests that an editor who is competent according to the Australian Standards for Editing Practice is worth at least AUD 50 per hour (about CAN 53).
- Editorial Rates (updated January 2012) from the Editorial Freelancers Association in the U.S. A lot of people consider these rates to be low.
- The Canadian Centre for Studies in Publishing at Simon Fraser University offers editing services. This is their rate schedule.
Freelance indexing ratesThe Indexing Society of Canada has a nice two-page writeup on rates for indexing services. This is helpful both for indexers and their clients.
Factors that affect editing speed
Difficulty of the materialThe level of specialization and complexity of the document are important factors.
- Is the material very specialized? Is there a lot of specialized terminology that the editor will have to look up or define a style for? Scientific, academic, and technical material (such as user manuals) takes longer to edit.
- Is the formatting complex? Are there many levels of headings, figure and table captions, footnotes and endnotes, and citations to format?
- Are there complex stylistic considerations such as mathematical formulas, other languages, units, currencies, etc.?
- Is there a defined style for the document, or does the editor have to try to infer the style from the document itself? A style sheet can make the work go more quickly. On the other hand, long, complex, and contradictory guidelines can slow it down.
Current state of the manuscriptThe state of the manuscript before editing makes a huge difference. The more errors the manuscript contains, the more time it will take to edit, especially if there are places where the meaning is unclear, or if the style and formatting are very inconsistent.
Clarity of requirementsHas the editing task been clearly defined? Has all the information needed to complete the job been provided? For instance for a stylistic edit, has the level and style of language to be used been specified? For a copy edit or proofread, is there a style sheet, and is it complete and consistent? Does the client respond quickly to questions?
But that’s more than my hourly rate in my salaried job!A freelancer’s hourly rate is higher than a salaried employee’s rate for a comparable job because it reflects her total cost of doing business. This includes expenses that are included in a salaried employee’s compensation:
- Medical insurance premiums and medical and dental treatment.
- Canada Pension Plan. Employees have half their CPP contributions covered by their employer. Self-employed people pay the whole thing. For the 2012 tax year, this came to approximately 9.9% of taxable income to a maximum of $4,600.
- Vacation pay, which is minimum 4% in B.C.
- Maintaining a workspace, computer, software, and reference materials.
- Non-billable time spent finding work and handling administration.
- Professional development: improving skills, staying up to date, and taking courses and certification exams.
- Many editors need disability insurance, commercial liability insurance, and errors and omissions insurance.