Profitability Guide for Translators

Profitability Guide for Translators

   

In addition to the article «Rentabilitätsberechnung im Dolmetscherberuf» ((Profitability guide for interpreters)) published in FORUM 1/2000, the article at hand tries to present existing material as well as its utilisation in a way that allows translators, who have no experience in business management, to use this helpful material as a rule of thumb for preparing professional decisions. The market analysis presented here, is from the perspective of freelancers working in the Federal Republic of Germany.

The countless responses we received indicated that no reliable price lists for linguistic services have been created to date.

Luis R. Cerna, German Association of Translators

In order to come up with figures that can be compared with other professions, it is necessary to convert usual rates per word/line/page into rates per hour. You will have to take into consideration however, that the calculated rate per hour is a virtual one. No professional translator will ever be able to exclusively charge by the hour.

A collective agreement for technical translators does not exist. Employees are grouped into the agreements used by the company in question or, if applicable, integrated into the specialised levels of the company’s collective agreements (usually into the rate of pay for commercial employees).

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They will offer cheap rates with only one goal in mind – stealing your shipment. Because once you hand over your cargo to the freight forwarder, you don’t have visibility of your cargo anymore till there is some documentary proof like a freight forwarder’s receipt or bill of lading after the shipment. You may often receive messages claiming to be from the freight forwarder your contracted informing you of changes in banking details and asking for the freight and other charges to be sent to that account. It is very possible that scammers have hacked your forwarder’s account or are phishing you to get the money into their account.

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