From the day rate we charge clients, we take off a 25% co-op 'pot' for internal costs and co-ordination:
Sometimes we have stuff to do that isn't attached to client projects. For example, redesigning the We Are Open Co-op's website or a member attending a networking event. We believe that work should be paid, so to request a budget, members bring a proposal to our weekly meeting. We use consent-based decision making.
When we work with people who are neither members of our co-op, nor interns, we work out their day rate as follows.
This is worked out as 50-60% of the member day rate. So, for example, if we charged a client our minimum WAO day rate of £625, this would leave a member day rate of £500 after the 'pot' has been taken off.
50-60% of £500 means that the minimum cooperator rate is £250-£300. We work 7-hour days, so this is a minimum hourly rate of between £35.71 and £42.86.
Our admin rate is 50-60% of the cooperator rate. This works out at a range of £125-£180. Again, we work work 7-hour days, so this is a minimum hourly rate of between £17.86 and £25.71.