Originally posted by northernladuk
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Previously on "Day rate negotiations to account for high inflation"
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Originally posted by hugebrain View Post
This could be why you got canned. Maybe they just mentioned the budget to spare your feelings.
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Ultimately it is a case of supply and demand. As much as we discuss 'the market' on this forum, every skillset and even sector to some extent, has its own market and dynamics.
Years ago I managed to get a small percentage increase at renewal time. The agent predictably tried to put me off when I (a bit naively in hindsight) 'asked', so I went direct to the client who agreed to the uplift. I don't know whether the client agreed to fund it completely to maintain the agent margin or the agent took a part reduction.
Talking to friends who do a lot of hiring, it seems like the pendulum is moving fairly quickly towards the client companies having the upper hand.
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Let us know how it goes.
I think changing rate for your next role is the way to go personally, assuming the market is paying it.
Better still line up the new higher paying role and inform the current client you're going to be taking it unless they match or exceed it. I think the awful inflation environment is a perfect excuse here.
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Originally posted by northernladuk View Post
Every single contractor ever thinks they are indispensable to their client/project. The reality is absoultely no one is indispensable.
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Originally posted by pr1 View Post
This is true, but for most the cost (in time and/or money) of replacing them with someone equal or better is more than the cost of a small-moderate rate increase over (eg) 3 months. Make hay while the sun shines
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Originally posted by northernladuk View PostEvery single contractor ever thinks they are indispensable to their client/project. The reality is absoultely no one is indispensable.
I have seen so many "indispensable" people summarily booted to ever get complacent.
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Originally posted by northernladuk View Post
Every single contractor ever thinks they are indispensable to their client/project. The reality is absoultely no one is indispensable.
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Having a day rate to speak of at all may be one way of beating a potential upcoming recession
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Ah yes the famous "they can't get rid of me, the whole project will collapse"
I've asked for an uplift twice but I was direct, got it twice but managed to ruffle up some feathers at the upper mgmt level, so I'd advise to thread carefully. Also remember that whoever you talk to needs to then sell it to their bosses and in the current climate, with everyone looking to make savings, contractor rates can really stand out like a sore thumb.
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Originally posted by ShadyBA View PostI have asked for an 11% increase for my renewal. I have never mentioned inflation or cost of living as justification, just made myself indispensable on the project I am on which has just secured funding til end of Dec 2023.
In true BA fashion I have done my research, I couldn't believe my luck when I was asked to help the PM with his budget for next year. All of my peers day rates were on there!
I also interviewed at a competitor for practice, networking and general nosiness, I determined my market rate from their offer, added £50 and bobs your uncle. That's my desired rate increase.
wish me luck ?
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I have asked for an 11% increase for my renewal. I have never mentioned inflation or cost of living as justification, just made myself indispensable on the project I am on which has just secured funding til end of Dec 2023.
In true BA fashion I have done my research, I couldn't believe my luck when I was asked to help the PM with his budget for next year. All of my peers day rates were on there!
I also interviewed at a competitor for practice, networking and general nosiness, I determined my market rate from their offer, added £50 and bobs your uncle. That's my desired rate increase.
wish me luck ?
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If you don't ask you don't get but inflation is true for clients as much as us and be prepared to walk away if you think you can do better elsewhere.
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Just to note there is a long thread discussing this exact topic in great detail not 6 threads below this one (currently)
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