Poll : Rate increase

[northernladuk]

Does your plumber find out how much you earn before telling you his rate? Are you Permie or a contractor?

Oh dear, oh dear

[washed up contractor]

Shy bairns get nowt and 5% isnt massive.

Mate of mine took a contract I turned down. He was at the same client for over 3 years. Cheekily he asked for a rate rise after 12 months, 24, months and 36 months. They gave him a rise for the first two but said he was then on their 'top rate' for the job for the 3rd.

As has been pointed out though there are lots of people on the bench who would undoubtedly do the job for 20% less.

[Unix]

Go for your +5% I think you will find they get someone else its not like they have a small selection of candidates. They could easily get someone else on less than 15% of what your getting & save themselves some money at the same time.

The agency would rather have 8% then 0%, if I go they role is opened to other agencies and they might not place one. Agent loses, client loses 3 years of bushiness knowledge and might get a dud. They'll do the right think if they are smart.

[malvolio]

What value have you added to the contract? Doing the best job you can is what you're already being paid for...

You're in a commercial deal. Your value was established at the outset. If you want more you will have to find a reason for it. Since the end client will be the ultimate decider, you will have to prove to them that you are now delivering more than you were originally contracted to do. If they refuse, then you have to go back to the agent, who will not really want to sacrifice his own income, since he gets paid by your margin, to boost yours. Sorry if that's a bit hard to understand, but that is the reality.

You may get lucky. However, without making a credible threat to walk away, you probably won't get very far. If you have enough available work to move on to and make more money, including that you lose by stopping this gig, then go ahead.

But don't complain when people who know the other side of the equation ask embarrassing questions.

[radish2008]

Extension time again and been at the place for 3 years. I've not had a rate rise since I started but told the agent my new rate is old one + 5%. Reasoning is lose of expenses and inflation as well as delivering many successful projects.

What are my chances of success? (Poll)

I did this exact same thing except I told them I wanted 10%

[malvolio]

I did this exact same thing except I told them I wanted 10%

So how is the new gig coming along...?

[fool]

You're in a commercial deal. Your value was established at the outset. If you want more you will have to find a reason for it. Since the end client will be the ultimate decider, you will have to prove to them that you are now delivering more than you were originally contracted to do. If they refuse, then you have to go back to the agent, who will not really want to sacrifice his own income, since he gets paid by your margin, to boost yours. Sorry if that's a bit hard to understand, but that is the reality.

You may get lucky. However, without making a credible threat to walk away, you probably won't get very far. If you have enough available work to move on to and make more money, including that you lose by stopping this gig, then go ahead.

But don't complain when people who know the other side of the equation ask embarrassing questions.

To be fair, "I already know your stack" is a very good argument, especially when there's no guarantee that a replacement will perform, and you technically have more experience than the last time you made a deal.

I generally ask for a rate bump on every renewal. That's what I they're for, otherwise why aren't the clients signing us up for contracts? YMMV. Depends on your market, your talent and your ability to just not really care about having to move on or not.

[malvolio]

To be fair, "I already know your stack" is a very good argument, especially when there's no guarantee that a replacement will perform, and you technically have more experience than the last time you made a deal.

I generally ask for a rate bump on every renewal. That's what I they're for, otherwise why aren't the clients signing us up for contracts? YMMV. Depends on your market, your talent and your ability to just not really care about having to move on or not.

No, renewals are there because client's budgets (or perhaps more accurately, agencies sales techniques) work in three month chunks. And if you're marginally useless you can get canned with no fuss or bother (if you're really useless, you'll go a lot quicker).

By all means ask for a rise, but at least understand what's going on behind the scenes.

[uk contractor]

The agency would rather have 8% then 0%, if I go they role is opened to other agencies and they might not place one. Agent loses, client loses 3 years of bushiness knowledge and might get a dud. They'll do the right think if they are smart.

I think you will still find the end client would rather place someone with another agency @ way more than 20% cheaper than you. Supply & demand!

[Unix]

I think you will still find the end client would rather place someone with another agency @ way more than 20% cheaper than you. Supply & demand!

Pay peanuts...get NLUK.