Contract rates....

[denver2k]

Guys...

While posting stuff on CUK today, i just found manager at my back informing me that he got approval for my contract to extend it for 3 months (due to end in couple of weeks).

Just a month after starting my 6 months gig, they announced 15% rate cut for all contractors. Infact i only heard it from my agency. Anyways, few accepted (including me) but few rejected and left. However, i recently seen an advert of a role (from multiple agencies) for same ClientCo and very similar role but different team, and interestingly rates are pretty much similar to rates that were before cuts.

Now, is it worth asking for rate increase from agency or shall i discuss with ClientCo?

[pmeswani]

Guys...

While posting stuff on CUK today, i just found manager at my back informing me that he got approval for my contract to extend it for 3 months (due to end in couple of weeks).

Just a month after starting my 6 months gig, they announced 15% rate cut for all contractors. Infact i only heard it from my agency. Anyways, few accepted (including me) but few rejected and left. However, i recently seen an advert of a role (from multiple agencies) for same ClientCo and very similar role but different team, and interestingly rates are pretty much similar to rates that were before cuts.

Now, is it worth asking for rate increase from agency or shall i discuss with ClientCo?

This is a contraversial topic. Some will say speak to the clientco, and some say speak to the agent. Personally, you should speak to the agent first and say that you are refusing the cut in rate, especially as your role is being advertised for the rate you are on now (and don't forget to include the link to the job ad). If they refuse to budge, involve the clientco and let them know that the agency is being unreasonable, and unless an agreement is in place that is satisfactory to you and the clientco, you may have to consider your options.

So in essence, now is a good time to start looking for a new role.

[denver2k]

So in essence, now is a good time to start looking for a new role.

To be honest mate, thats the last thing i want at this point of time.

However, as you said, i'll try speaking agent though and lets see how it goes..

[denver2k]

Im also interested to know if someone have had a rate cut and then upon renewal he managed to get a rate increase ...

[Pogle]

Im also interested to know if someone have had a rate cut and then upon renewal he managed to get a rate increase ...

Or she

[pmeswani]

To be honest mate, thats the last thing i want at this point of time.

However, as you said, i'll try speaking agent though and lets see how it goes..

Obviously nobody wants to be looking for a new role... but you might be pushed into looking. Always be prepared.

[Ivor Bigun]

Guys...
.... However, i recently seen an advert of a role (from multiple agencies) for same ClientCo and very similar role but different team, and interestingly rates are pretty much similar to rates that were before cuts.

Now, is it worth asking for rate increase from agency or shall i discuss with ClientCo?

You WANT this role to be advertised as more expensive.
Put it this way,if it was less and it got filled by a good candidate......that is really bad news for you.
Concentrate on your own game and leave this "smoke and mirror" nonsense to the agents.

Anyway, whatever you do, you should be prepared to back up with action.
i.e. when negotiating rates, you don't ask, you plan your "fallback" rate and demand. If no joy then you walk (all amicably).
If you can't face doing that - then shut up and smile.
The worst thing to do is to try some sort of whinning approach. You just p*ss people off, make yourself look stupid and make the agent doubt placing you in future.

[RWalker]

i.e. when negotiating rates, you don't ask, you plan your "fallback" rate and demand. If no joy then you walk (all amicably).

I will be demanding a pay rise at my current place of work next week. Can I ask what you mean by planning a fallback rate? And how do you go about 'demanding' a pay rise amicably?


Richard