Reply to: Would you give up 10% for two days WFH?

[vwdan]

Yes, I'd give up 10% for 2 days WFH as the costs associated with the extra commute or hotel stays would swallow up a reasonable amount of the extra anyway.

Not only that, but if the current team fit is good and they value your contribution then why move? This should not be underestimated - I have done so in the past to my detriment now.

Absolutely - you seem to have no qualms with your current place except for 10% and in my opinion, the perks more than make up for that.

[jmo21]

Why not suggest another day WFH with your current client, does that even it out/make it better?

[TheCyclingProgrammer]

Sort of but the other way around. I charge more for working on-site when billing on a daily rate basis.

[MrMarkyMark]

You know that rate cuts might happen, and are prepared for that eventuality. You know how much you value working from home. Only you know whether it's worth one over the other.

Contract before this one, I accepted a lower rate to work from home the whole time. This contract is also 100% working from home and is nearly 25% more than the previous WFH one and about 15% more than the previous working away one. Working from home isn't always in line with a lower rate

Totally agree with this statement.

For some roles, you just do not need to be in the office
I'm lucky in that I can do exactly what I want in the terms of location and flexing hours.

[missinggreenfields]

You know that rate cuts might happen, and are prepared for that eventuality. You know how much you value working from home. Only you know whether it's worth one over the other.

Contract before this one, I accepted a lower rate to work from home the whole time. This contract is also 100% working from home and is nearly 25% more than the previous WFH one and about 15% more than the previous working away one. Working from home isn't always in line with a lower rate

[itjobs]

For 3 days WFH, yes. Time is precious and I have a young family. I WFH 2 days a week and enjoy the little moments like taking my kids to school, something that many fathers will not get to appreciate.

Fortunately though, I didn't have to take a rate cut to WFH. But everyone's position is different.

The question is very much specific to an individual's personal circumstances. So I cannot answer for you. Perhaps you're much younger than I am and you're still building that warchest so income is your main priority, in which case 10% over the course of a year is a large amount to forsake. If you're not married or don't have kids, perhaps you can stay over in the Wharf rather than travel 2.5 hours each way.

There was a time when money was important to me, but I'm over that now (largely speaking ). It's all about time now: buying time and freedom is why I chose to become a contractor in the first place. You can always make more money, but you can't make more time. You've just got to look at your reasons and hopefully you will be able to visualize your long term objective.

Its not 3 days, its just 2 days. Even then, it makes a huge difference. I would say, my war chest is sufficient enough to get me through a year or two with out work. Having read different views, I guess I am leaning more towards to continuing with current client. Things may change by end of December (or any time) but that is expected in contracting. At least until then I can relax and enjoy the work I do now. After all, we all survive with our unique combination of skills that market needs.

[VillageContractor]

Me? Yes, because I'm trying build a large pile of savings, so money wins. However in the future it would be no, so depends on your circumstances

[itjobs]

It's also a case of 10% of what - if the money is significantly different, then it becomes a personal call of money versus time.

I guess we can roughly equate 10% to around £50-£65 pounds.

[LondonManc]

It's also a case of 10% of what - if the money is significantly different, then it becomes a personal call of money versus time.

[SlipTheJab]

You commute from Brum to Canary Wharf, 2 days WFH is worth a lot more that 10% and I'm not talking about the money, I do Birm Intl to Euston and 2 days WFH is the only way I would ever entertain such a commute.

[ChimpMaster]

Hypothetically speaking, if you were travelling from BHX to Canary Wharf (around 2.5 + 2.5 hrs ) would you give up 10% for an extra day WFH?

For 3 days WFH, yes. Time is precious and I have a young family. I WFH 2 days a week and enjoy the little moments like taking my kids to school, something that many fathers will not get to appreciate.

Fortunately though, I didn't have to take a rate cut to WFH. But everyone's position is different.

The question is very much specific to an individual's personal circumstances. So I cannot answer for you. Perhaps you're much younger than I am and you're still building that warchest so income is your main priority, in which case 10% over the course of a year is a large amount to forsake. If you're not married or don't have kids, perhaps you can stay over in the Wharf rather than travel 2.5 hours each way.

There was a time when money was important to me, but I'm over that now (largely speaking ). It's all about time now: buying time and freedom is why I chose to become a contractor in the first place. You can always make more money, but you can't make more time. You've just got to look at your reasons and hopefully you will be able to visualize your long term objective.

[ShandyDrinker]

Hypothetically speaking, if you were travelling from BHX to Canary Wharf (around 2.5 + 2.5 hrs ) would you give up 10% for an extra day WFH?

Given that for me SWI->Canary Wharf is approx 1.5 each way at best I'd give up 10% for an extra day WFH. For your journey I think it's a no brainer.

[itjobs]

Better the devil you know.

If you're not that bothered about leaving, you can use the new offer to negotiate an increase with current client - but only you know how much they need/want you and hence how strong your hand is.

Hypothetically speaking, if you were travelling from BHX to Canary Wharf (around 2.5 + 2.5 hrs ) would you give up 10% for an extra day WFH?

[ChimpMaster]

Better the devil you know.

If you're not that bothered about leaving, you can use the new offer to negotiate an increase with current client - but only you know how much they need/want you and hence how strong your hand is.

[itjobs]

OK, when did the new place and the last place have the cut?

I made a choice recently to take one somewhere that had recently had a cut, although they do it less than other IBs.
Swayed my decision.
It has to be noted, however, that some people dodged the last cut here, due to being with a different agency than other contractors.
In fact the direct contractors suffered more than most

Based on what you are saying I would stay where I was, although I would take into consideration when the rate cuts last happened at the different places.

Rate cuts in my current contract happened in June. So at least until December I don't see it happening again. However, 15 days furlough has to happen by December which is going to compensate the client for rate cut :-).