ClientCo on the rate cut wagon at 10%

[TheFaQQer]

PCG warns Banks risk skills exodus with blanket rate cuts to contractors

Of course, a warning only works if there is a mass exodus rather than a mass acceptance.

[Unix]

PCG warns Banks risk skills exodus with blanket rate cuts to contractors

Of course, a warning only works if there is a mass exodus rather than a mass acceptance.

(R * 0.9) > (R * 0) so most will bend over, part their checks and accept.

[speling bee]

(R * 0.9) > (R * 0) so most will bend over, part their checks and accept.

By that argument they would accept a 90% cut because (R * 0.1) > (R * 0).

[Unix]

By that argument they would accept a 90% cut because (R * 0.1) > (R * 0).

Every contractor has a minimum (MR) and as long as (R >= MR) then they will accept, (R * 0.9 > MR for most).

[speling bee]

Every contractor has a minimum (MR) and as long as (R >= MR) then they will accept, (R * 0.9 > MR for most).

That's a different argument.

But it also depends on: rate that can be achieved elsewhere; downtime between contracts; self-respect; anger.

The anger would be the killer for me.

[sal]

That's a different argument.

But it also depends on: rate that can be achieved elsewhere; downtime between contracts; self-respect; anger.

The anger would be the killer for me.

Remember, that it's nothing personal - just business. As a Director of YourCo you have an obligation to the shareholders to maximize profits

[speling bee]

Remember, that it's nothing personal - just business. As a Director of YourCo you have an obligation to the shareholders to maximize profits

One of the nice things about being a single director / shareholder business is that you can take things personally and say, 'Sod this!' when you don't like working somewhere and find something else. If it was all about maximising profit, I would always take the high paying five day a week on-site-in-London gigs. But I don't.

[BlasterBates]

Accept it, all the other banks are doing the exact same thing so where would you go. Even if you find a bank that hasn't cut, they might well do a few weeks after you join.

No harm in looking of course.

Keep your head down and just keep invoicing.

[Scrag Meister]

The Decision

A. Heart says, tell them to stick it up their @r5e, and see what the outcome is.
B. Head says take it and look.

After a couple of days considering and chatting to Mrs Scrag, I have decided IANCOTBAC and will go with B.

I whole-heartedly apologise to the hardcore contractors who would have walked, if I have let you down.

Sorry can only manage 90% of a round tonight.

[ChimpMaster]

A. Heart says, tell them to stick it up their @r5e, and see what the outcome is.
B. Head says take it and look.

After a couple of days considering and chatting to Mrs Scrag, I have decided IANCOTBAC and will go with B.

I whole-heartedly apologise to the hardcore contractors who would have walked, if I have let you down.

Sorry can only manage 90% of a round tonight.

Just make sure you put in 10% less work! If you're at a bank in the City, that means spend 10% more time at the pub outside of your lunchtime.