Employer contracts with a an individual lecturer or orator to speak at a certain function or event or a series of events as an independent contractor.
California Self-Employed Lecturer - Speaker - Services Contract
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US-INDC-79
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FAQ
A typical honorarium amount is $250-$500 per day, depending on the fund source and expertise of the speaker. Honoraria should be charged to Account Code 7306. Please see Human Resources if trying to make an honorarium payment to a university employee.
An honorarium is defined as a thank you gesture for nominal value for voluntary services. The honorarium amount is not negotiated and the amount does not change depending on the hours of service. An honorarium payment should be infrequent in nature and rarely exceed $500 to a single payee in a calendar year.
You might consider $200-300 as a modest gesture of appreciation. Bringing an academic speaker who is well-published and has notoriety in their field may warrant a slightly higher honorarium. You might offer $500 or ask if they have a standard fee.
$1,500 $5,000 (Modest professional) You can expect to pay this much for non-famous industry professionals or professional public speakers with moderate experience. This is decent compensation for those who make their living giving speeches and could thus secure a good speaker for a modestly sized event.
An early career Lecturer / Speaker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of 20b1218.00 based on 9 salaries. A mid-career Lecturer / Speaker with 5-9 years of experience earns an average total compensation of 20b130325.00 based on 6 salaries.
An honorarium payment amount is determined by factors that include the expertise of the featured speaker. Review the educational status of academic speakers. For example, a graduate student would be ranked lower than an associate professor or fully-tenured professor.
What are the essential terms of a speaking engagement contract?Introduction of contract, where details of both parties are included.The event description is given by the event host to the speaker.A complete description of the services the speaker should provide.Payment details for the services provided.More items...
An honorarium payment works in a few simple steps:The parties agree on the special duty.The party completes the special duty.The organization processes the honorarium.The payer sends the honorarium to the payee.
As the Speaker is an independent contractor, no deductions or withholdings applicable to payments employees shall be made from payments to Speaker pursuant to this Agreement, except as required by applicable law. c) Grayson College shall report income to Speaker on IRS FORM 1099-MISC.
Here's a rule of thumb for appropriate pricing: Newbie speakers might earn $500$2,500 for a talk. Beginning speakers, or those just establishing a brand with their first book, might earn $5,000$10,000. Those with several books and other forms of social proof might draw $10,000$20,000.
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