Cost of living and day rate

[ApeShape]

Permies have been seeing some sweet little raises across the board. However, am I the only contractor who feels a bit left out? After 10 months on the fly I found myself available again and I haven't found anything at least on par with my last gig. Companies want to pay no more than £500-550 PD, same as the past 4-5 years since I've been contracting. It's a hard impasse, even with years of experience that the companies want anything above X is a firm No. Even if you're the second coming of Christ himself. Ugh.

[jamesbrown]

However, am I the only contractor who feels a bit left out?

No, but it's the usual supply/demand story - if you have skills that are niche and in demand, then the balance of power is with you and you can more easily increase your prices.

[northernladuk]

Permies have been seeing some sweet little raises across the board. However, am I the only contractor who feels a bit left out?

Yes you are because only an idiot thinks that permie rises have anything to do with contractor rates.

Hard life being in the top 1% of earners isn't it. Have an internet tissue to wipe your tears.

Utterly clueless.

[eek]

Clearly the OP needs to improve his skill set. No problem getting £600-650 (outside) or £700 to £750 inside and never leaving the house.

[ApeShape]

Yes you are because only an idiot thinks that permie rises have anything to do with contractor rates.

Hard life being in the top 1% of earners isn't it. Have an internet tissue to wipe your tears.

Utterly clueless.

Ah, a gentleman of high culture I see. Any more colourful descriptors for me?

Next time I'll be sure to start a thread called 'Throw the ApeShaped individual some slights'

[Snooky]

Clearly the OP needs to improve his skill set. No problem getting £600-650 (outside) or £700 to £750 inside and never leaving the house.

It's amazing who they'll let have an Onlyfans account these days

[northernladuk]

Ah, a gentleman of high culture I see. Any more colourful descriptors for me?

Next time I'll be sure to start a thread called 'Throw the ApeShaped individual some slights'

No need. Your next clueless pointless post will do just as well.

[ApeShape]

No need. Your next clueless pointless post will do just as well.

I hope so, catch you next Tuesday

[NowPermOutsideUK]

There is definitely a correlation between perm rates and contractor rates and I for one constantly compare the two to try to figure out which side of the fence is better to hang on to

The job market at the moment is not great - It was great until about June this year and its gone downhill since

One thing I have seen banks do now is to provide a cash incentive upon end of contract rather than increase in day rate - That was introduced to stop people quitting I think but there have been no contractor rates increase in the place I am at

Perms meanwhile had 5->10% increases

[northernladuk]

There is definitely a correlation between perm rates and contractor rates and I for one constantly compare the two to try to figure out which side of the fence is better to hang on to

Is there really? Care to elaborate in detail to prove that point?

The job market at the moment is not great - It was great until about June this year and its gone downhill since

Job market or contract market?

One thing I have seen banks do now is to provide a cash incentive upon end of contract rather than increase in day rate - That was introduced to stop people quitting I think but there have been no contractor rates increase in the place I am at

They do? All of them? Every contract? Care to provide some evidence?

Perms meanwhile had 5->10% increases

So no rate rises but perms have increases. Would that point to there being no correlation?