Originally posted by Eirikur
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Reply to: Consultancy cutting rates by 40%
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Previously on "Consultancy cutting rates by 40%"
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Originally posted by eek View PostReally? Any evidence of that or just your own personal desires - any sane consultancy will be using a fixed percentage with the agency especially in this market where agencies are looking for new work...
Not clear why it would relate to my 'personal desires'. Bizarre phrase to use under the circumstances. Currently working on a decent rate.
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Originally posted by LadyPenelope View PostMaybe work 60% as hard as you normally would? I suspect the agent may be taking a bigger-than-usual cut also, they would see the current climate as the perfect chance to do this and blame the client.
It also depends on how much you'd resent that sort of rate. Or if there's any marketable experience to be gained there that you can use in future contracts.
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Maybe work 60% as hard as you normally would? I suspect the agent may be taking a bigger-than-usual cut also, they would see the current climate as the perfect chance to do this and blame the client.
It also depends on how much you'd resent that sort of rate. Or if there's any marketable experience to be gained there that you can use in future contracts.
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Originally posted by CountryGirl View PostMarket rates in my skill set contracts haven't gone down by 40%.
10-15% at the most.
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If it was a decent rate originally and you can now strip costs from your revenue - costs = profit equation then 60% of good rate is better than 100% of no rate. Up to you how much you need the work and would get bored staying at home. Take it but keep actively looking is the third way.
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Originally posted by Paralytic View PostThat's good news. Simple solution is therefore to decline this contract and go and get one that is just 10-15% below your normal rate.
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Originally posted by CountryGirl View PostThis was my suspicion also.
But how can I find out?
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Originally posted by CountryGirl View PostThis was my suspicion also.
But how can I find out?
i.e. if the consultancy isn't trying to cut your rate then it means the client is and "pocketing" the difference.
The question you need to ask yourself is what are your chances if you refuse whether the client or consultancy can find an alternative.
The way I do this is to calculate how long I would require to find a contract at a better rate and compare 6 months on a low rate with 2-3 months on a higher rate.
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Originally posted by CountryGirl View PostMarket rates in my skill set contracts haven't gone down by 40%.
10-15% at the most.
You may nit pick all you like it but someone has said the new market rate for your skills is 60% of what it was earlier this year. We don't know that market and I actually don't think you do.
Hint in my field rates are down yet everyone I know has more work than they can cope withLast edited by eek; 7 November 2020, 13:48.
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Originally posted by jayn200 View PostYeah doesn't matter though. They are purchasing labour at market rates.
If they were buying bricks and the price of bricks went down 50% but their customers were still buying bricks from them at same price do you think they'd go to their brick suppliers and say "no please charge us more we are happy paying the price from last year"
10-15% at the most.
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Originally posted by CountryGirl View PostThis was my suspicion also.
But how can I find out?
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Originally posted by fidot View PostIt's important to understand whether it is the consultancy or agency who is cutting he rate.
This may well be an agent looking to increase margins.
But how can I find out?
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It's important to understand whether it is the consultancy or agency who is cutting he rate.
This may well be an agent looking to increase margins.
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