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Rate cut - 20% salary cut + 10% less hours - Acceptable?

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    #11
    Originally posted by GhostofTarbera View Post
    Are you on an hourly rate? That’s a bit strange

    Yes, always been hourly rate. (max 40 hours and now reduced to 36)

    Yes original contract was on site. Due back in the office beginning of Sept
    Last edited by jf2010; 11 June 2020, 08:38.

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      #12
      Originally posted by Scruff View Post
      I'm on an hourly rate. First time in 16 years...Not so strange in "The Industry" I'm in...
      I've always been on a daily rate but the client very decently offered to convert it into an hourly rate while I'm working additional hours for Covid 19 related projects. Then we had to start working at home, so I'm billing 1.25 days per day for a shorter day once my commute is taken into account.

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        #13
        Originally posted by jf2010 View Post
        Been told today all contractors must take a 10% cut in hours (to 36 hours) (which is fine) and also a 20% rate cut. 5-10% rate cut I would consider but 20% seems very high along with the reduced hours.

        I know this topic has been discussed recently here but my question is: Is 20% a normal cut to what you have experienced.
        Just to be clear, are you getting 80% of the money for 90% of the work or is it a compound 72% of your previous billable week?
        The greatest trick the devil ever pulled was convincing the world that he didn't exist

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          #14
          This sounds like ING to me. and it's a double wammy. So it's 72% of previous rate

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            #15
            Originally posted by silent bob View Post
            This sounds like ING to me. and it's a double wammy. So it's 72% of previous rate
            That's crap then. I'd accept the drop from, say, 2500 to 2000 per week if you're finishing at lunchtime on Fridays but I'd be looking at other options as well.

            If you've got nothing else, check the notice clause on the reissued contract and start looking if that's not prohibitive.
            The greatest trick the devil ever pulled was convincing the world that he didn't exist

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