Contract day rate changed

[northernladuk]

This is one of the many of PCs mates we are talking about

And birds of a feather flock together.

[dx4100]

Hardly the time to be complaining about taking a 20% rate cut... The world is burning and there isn't much going on beyond your current contract.

[BlasterBates]

The companies that are "taking advantage" are few and far between when GDP drops by 30-40%, many companies need to cut costs drastically just to keep solvent.

I would accept your 20% cut. The market is currently awash with laid off contractors.

[BlueSharp]

Hey all,

I started a new contract on the 8th of March and it runs until 15th May. The agency I got the contract with informed me yesterday that due to Coronavirus my day rate will be reduced by 20% which is in line with how they are treating perm staff. I'm unsure if they can actually do this seeing as the contract runs until 15th May. Also, treating contractors how they are treating perm staff doesn't sit right, what with the benefits perm staff will still receive.

Any help would be appreciated.

Thanks!

First thing I would do is speak to the end client and make sure this is not just the agent trying it on. If it is legit then I would probably take it and look for something else.

[wcsltd]

You could accept the change and do 20% less work - seems fair to me

[MisterLysenkiy]

You could accept the change and do 20% less work - seems fair to me

one day less in fact

[Old Greg]

If you're working at home, accept and then work 25% less hard.

[caffeine man]

Had this happen to me in the 2008 financial crisis. I took the cut. I hear some banks ( the red and white types ) do this routinely when a contractor starts


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[d000hg]

It's a slightly worrying sign they view you like an employee or it could be a cynical ploy. You can challenge it but if this is imposed across the workforce it sounds a bit unlikely to work.

Worth a push but be polite and professional, don't make threats you aren't prepared to follow.

How/why are they reducing all permie salaries 20%? That is surely needing consent unless they are furloughing which is very different. Are they just seeing the 80% figure in the headlines and jumping on board?

[LondonManc]

one day less in fact

As long as you spread that across the week. Otherwise you'll only be able to bill for four days.