Reply to: Decisions, Decisions..

[Peter Loew]

They won't budge. Can they get someone else in at that rate?

I am contemplating exactly the same drop, trading a 2 hour commute to London for a 25 to 30 min commute (weird). The work will not be more interesting, nor will it look better on my cv. It will hopefully get me more local contacts for local work in the future. But it will mean I can see my kids in the morning and eat with them in the evening. I will still be able to save money and am not fussed about the loss in income. It's my lowest contract rate but who cares?

If I were in your position I'd go for the lower rate. Location makes SUCH a big difference, especially if you have a family you want to see more of.

You can get a higher rate next time. It's amazing to have the choice and flexibility we have.

[yasockie]

I'd take the more interesting job to have better quality of life - after all money is just means to an end so if you can get there without money, even better.
Having said that I typically try to maximize my income (not profit) - even if the cost of acquisition is high, for example expensive commute, or high accomodation costs as these can always be optimised if needed, wanted. If you do agree on a low rate, you have very little wiggle room.

[d000hg]

You are not taking a step back going for a lower rate. It is just market forces. Shops that have to sell stuff in a sale or at a reduced rate to clear stock are not taking a step back, just a realignment of their business model in the short term.

I don't think he's saying "should I take this low rate or not work", it doesn't sound like clients paying his normal rate are that hard to find. He'd be choosing to take less rather than being forced to.

If this work can help in the future it is an investment

Exactly.

[d000hg]

However even having this company (rather, arm of the company) on my CV will do me massive favors for my career, it's an industry I want to get into and I find exciting.

I think this is the key point - if it's an industry you want to get into you should take the opportunity rather than wait for someone to pay top-rate for someone who doesn't know the industry.

[BigRed]

^ WHS, when the agents ask what my current rate is I normally respond with I'm looking for £xxx minimum, depending on location. If they press for a current rate and I'm on a low one I inflate it and say that's why I want to leave, the rate is too low.

[northernladuk]

Don't buy into that. I used to get a number of low rate offers which the agent used to trade off with 'it will look good on your CV'. The reality in your case is that your CV already looks good enough for them to offer the gig to you. They just don't want to pay much.

Am half and half. I don't think taking a gig to make your CV look better is really cuts it as you say but I would much prefer a list of blue chips rather than a list of companies no one has heard of. I don't think the odd gig would make a difference.

Depending in circumstances I would take the higher rate, not least because if you get branded at the £350 level, you will struggle to get the higher paid roles later on.

I don't buy in to this. As long as the work keeps your CV at a level I think the rate you negotiate makes a difference. No one but you knows the rate and you don't need to band it about. If it was lesser work that demands lesser rates then yes but if he role matches other gigs at the higher rates I don't think you can be branded by your rate.

[GB9]

However even having this company (rather, arm of the company) on my CV will do me massive favors for my career, it's an industry I want to get into and I find exciting.

Don't buy into that. I used to get a number of low rate offers which the agent used to trade off with 'it will look good on your CV'. The reality in your case is that your CV already looks good enough for them to offer the gig to you. They just don't want to pay much.

Depending in circumstances I would take the higher rate, not least because if you get branded at the £350 level, you will struggle to get the higher paid roles later on.

[lukemg]

Just make sure it is going to be good. In my experience, I have learnt to take anything said in advance with large pinch of salt and usually bears no relationship to actual working situation.
At least when you are coining it, you can suck it up but that 350 will bite hard if the work turns out to be the usual IT drudge...

[BigRed]

Rates don't seem to bear any relationship to the actual work involved, often seems more to do with company culture, the only way they will pitch at the correct rate is if they don't get the right candidates. I've seen one vacancy advertised over 3 months, jumping £100 each month.

[northernladuk]

They won't budge. Can they get someone else in at that rate?

I am contemplating exactly the same drop, trading a 2 hour commute to London for a 25 to 30 min commute (weird). The work will not be more interesting, nor will it look better on my cv. It will hopefully get me more local contacts for local work in the future. But it will mean I can see my kids in the morning and eat with them in the evening. I will still be able to save money and am not fussed about the loss in income. It's my lowest contract rate but who cares?

+1 And I am sure most of us would agree it was this level of flexibility and choice that is one of the benefits of contracting.

[kevpuk]

As others have said, the rate is perhaps not the driving force. For me, if I felt the role was really worthwhile, in terms of what you have described as exciting/interesting/good area, then I would certainly consider the lower rate not that much of an issue.
You have said that financially it is quite do-able, so I reckon the benefits outweigh the other aspect.

I had to choose between 2 offers very recently; admittedly the rate was not a primary concern, as both were acceptable, but I went for the contract that I feel will add value to me the most also - kind of like a bit of 'free training/refreshing' - with longer term view in mind. The other contract was a really interesting gig too, but very much what I have done many times before and I figured it would be good to inject a little freshness into my working day!

[Old Greg]

Yes it certainly does. It's an exciting industry and the role itself is varied. I'd be getting involved not just in the business side but also the technology side as well.



I do generally enjoy my work, but on recent assignments, it has mostly been only for the initial 3-6 months, after which things get stale as I usually operate in more of a classical business / corp environment. This role offers the creativity and freedom I do not get usually. So on the personal side I'd say it will be enriching and I would certainly enjoy it more than most other roles I've done.



Tried, but they won't budge, even the agent is tied down and he's only making a small cut. Upon accepting I will bring this up at the renewal date but I won't expect much. However even having this company (rather, arm of the company) on my CV will do me massive favors for my career, it's an industry I want to get into and I find exciting. I *think* they tried to offer this as a perm role for a few months (they also offered me a fixed term option to which I quickly said no). One thing is for sure, they will be getting a heck of a lot of bang for their buck!

They won't budge. Can they get someone else in at that rate?

I am contemplating exactly the same drop, trading a 2 hour commute to London for a 25 to 30 min commute (weird). The work will not be more interesting, nor will it look better on my cv. It will hopefully get me more local contacts for local work in the future. But it will mean I can see my kids in the morning and eat with them in the evening. I will still be able to save money and am not fussed about the loss in income. It's my lowest contract rate but who cares?

[Peter Loew]

Sounds like a no-brainer to me - assuming you don't need the money, I'd take the one that you want to take, thinking of the big picture.

If the role is as good as it sounds, then I'd see what it's like - make sure you have a decent notice clause, though, so if it's a nightmare and you are on a crap rate you can bail out if you need to.

That's what I will do; I will accept and make sure the notice clause works for me.

Thanks all!

[Peter Loew]

What do you gain long term from that low rate contract. Does it give you a skill that will give you a few more years in the market or a higher rate long term..

Yep, my best estimation is that there are definitely long term benefits.

[Peter Loew]

What is your warchest like and would the lower rate really impact the standard of living you currently enjoy?

You are not taking a step back going for a lower rate. It is just market forces. Shops that have to sell stuff in a sale or at a reduced rate to clear stock are not taking a step back, just a realignment of their business model in the short term.

If this work can help in the future it is an investment and it is not like this is forever.

In my situation I would certainly be considering a good role at medium rate over yet another crappy one trying to chase the rate. Done that for years and I am sure I will continue to do so. An opportunity such as this could provide a nice break and a chance to skill up and increase your billing rate going forward.

Warchest is in good health and I do not think the lower rate would impact my standard of living. In fact due to location of the role I would prob be saving on travel costs.

I am thinking along the same lines as you, for me this is an investment for my future / career and certainly will be skilling up and learning new things that will positively impact my career going forward. I too am fed up with the rate chasing for what are usually stale roles to begin with!