Daily Rates

[Jubber]

I was just musing over my previous contracts and remembered that my daily rate 10 years ago was more than my current daily rate.

[DiscoStu]

I was just musing over my previous contracts and remembered that my daily rate 10 years ago was more than my current daily rate.

I was a student 10 years ago, my daily income was about £20

[DimPrawn]

Ten years ago, isn't this roughly when New Labour came to power?

[Dow Jones]

Counting...

11 years and 6 days to be precise.

[ratewhore]

I was just musing over my previous contracts and remembered that my daily rate 10 years ago was more than my current daily rate.

I'd suggest you're doing something wrong then...

[up4it]

Same here, though I was probably overpaid back then!

[MrRobin]

Thought this was going to be another poll... been a while since we've had a daily rate poll... Wasn't this the last one?

[Jubber]

I'd suggest you're doing something wrong then...

Not at all - just goes to show this boom bust cycle. I was in Telecoms then - massive boom - network rollouts all over the world, plump daily rates, then suddenly at the end of 2001 - BUST. Rates halved.

My current rate is only marginally lower than those heady days, but I work in finance now - and I wouldn't be surprised if the rate will be once again cut to the bone for a while very shortly.

I've learned my lesson though .... this time anything (any rate, anywhere) is better than the bench.

[Moscow Mule]

this time anything (any rate, anywhere) is better than the bench.

I'm taking this approach - there aren't to many banks upgrading their core banking application at the moment, and those that I know of are are in Belgium or Kiev.

Consequently, I'm on a reduced rate programming for a software vendor in South West London. Crap rate, crap job but it is VERY convenient.

[ChimpMaster]

I'm taking this approach - there aren't to many banks upgrading their core banking application at the moment, and those that I know of are are in Belgium or Kiev.

Consequently, I'm on a reduced rate programming for a software vendor in South West London. Crap rate, crap job but it is VERY convenient.

And one thing I would recommend to any noobie contractor is to save save save for a good couple of years, so that you have a serious wedge of cash that you can lean back on during downtimes. Even better is if you can invest that cash to generate residual income - how you do that is up to the individual.