It refers to a professional’s payment in return for their services to the client or customer. Such professionals are highly skilled in their field, making the work more professional and enhancing the quality. Professional services include teaching, doctor, architect, lawyer, accountant, dentist, etc. Some of the professionals charge fees on an hourly basis, while others offer their entire services at a single fee.
In corporate work, there is a specific fee criteria for the professional services. The amount to charge the fees depends upon several criteria, such as the expenses incurred in the fields, the expertise of a professional, technology usage of the services, demand, and competition in the market.
