I'm still struggling to see how you're going to approach this. There are three or four motivations here: rise in cost of travel, and confidence in the value delivered to client, the initial discount to get your foot in the door and rising market rates. Are you going to put them together as a joint reason for upping your costs? IMO your weakest reason for doing this is the value you're delivering to the client. Unless you're doing something very niche or can do it particularly quickly, developers are perfectly replaceable and project managers really don't care who is doing this kind of work so long as its getting done. Market rates would be a better reason there because if you leave them they're going to have to get somebody else at market rate. Then again have they really changed that much in 4 months? The problem with using rising cost of travel as a reason is that a company can just recruit somebody who lives closer than you, unless they're relocating operations out into the sticks.
I'm not trying to talk you out of this, only you know your true situation with all of the information at hand. From experience - and I may just be bad at it - this is like a tough game of poker and you will often think you've got a stronger hand than you really do.
I'm not trying to talk you out of this, only you know your true situation with all of the information at hand. From experience - and I may just be bad at it - this is like a tough game of poker and you will often think you've got a stronger hand than you really do.
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