Originally posted by BolshieBastard
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Reply to: Contract renewal negotiation tips
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Previously on "Contract renewal negotiation tips"
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Originally posted by Pogle View PostI'm back after a 3 week break tomorrow and I have 3 weeks left to serve of my contract. I am expecting my contract to be renewed. I am not happy with my current rate and I don't trust the agency to be honest.
How have others in this situation handled finding out what the agency is charging for you or renegotiating a better rate.
I've never had to do this before as I was always happy with my rate.
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Originally posted by Tingles View PostIn good times...
I negotiated an increase with the agent....
They said I could either have the increase with a 3 month extension BUT no future extensions or a 6 month extension immediately...
Obviously I chose the increase and then stayed there another year - as the client needed me!!
What it made me aware of was that the agent offered what they thought was a higher prize - 'security' - when in fact as a contractor I prized the monetary reward higher...
I must read some game theory stuff...
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In good times...
I negotiated an increase with the agent....
They said I could either have the increase with a 3 month extension BUT no future extensions or a 6 month extension immediately...
Obviously I chose the increase and then stayed there another year - as the client needed me!!
What it made me aware of was that the agent offered what they thought was a higher prize - 'security' - when in fact as a contractor I prized the monetary reward higher...
I must read some game theory stuff...
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* You will say "I think I will leave it and look elsewhere".
It's then a case of who blinks first...
Say you are considering other offers, feign indifference to the pitiful tulip the agent will spout, about how great your current package is.
You'll never know unless you try.
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Originally posted by centurian View Post
Although having said that - your PM did sound like a decent bloke.
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Originally posted by EternalOptimist View PostI once had a project manager who wanted me to stay on, but realised I would walk if I didnt get the info. Being a strict Christian he could not tell me what he was paying, but when I came back from lunch one day, there was a yellow sticky on my monitor with some numbers on.
Most of the time I don't get involved in religious argument, but when I do battle, I usually reply by saying that I am a "good person, full stop" - I don't need to be threatened with eternal damnation to motivate me to do good things.
Although having said that - your PM did sound like a decent bloke.
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When all is said and done, it will come down to two basic points
* The agency will say "take it or leave it" - in a roundabout sort of way.
* You will say "I think I will leave it and look elsewhere".
It's then a case of who blinks first...
In the boom times, you would have had more confidence with option 2, but with contracts harder to come by, it's much more difficult to bluff them out - and agencies know this full well.
How's your poker...
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Originally posted by EternalOptimist View PostWhat is your relationship with the client ? If it is good you might try getting the info from them.
I once had a project manager who wanted me to stay on, but realised I would walk if I didnt get the info. Being a strict Christian he could not tell me what he was paying, but when I came back from lunch one day, there was a yellow sticky on my monitor with some numbers on.
Yep I'm going to try that angle - but I'm not sure if my direct client knows the actual figure.
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Originally posted by Pogle View PostI'm back after a 3 week break tomorrow and I have 3 weeks left to serve of my contract. I am expecting my contract to be renewed. I am not happy with my current rate and I don't trust the agency to be honest.
How have others in this situation handled finding out what the agency is charging for you or renegotiating a better rate.
I've never had to do this before as I was always happy with my rate.
I once had a project manager who wanted me to stay on, but realised I would walk if I didnt get the info. Being a strict Christian he could not tell me what he was paying, but when I came back from lunch one day, there was a yellow sticky on my monitor with some numbers on.
Leave a comment:
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Contract renewal negotiation tips
I'm back after a 3 week break tomorrow and I have 3 weeks left to serve of my contract. I am expecting my contract to be renewed. I am not happy with my current rate and I don't trust the agency to be honest.
How have others in this situation handled finding out what the agency is charging for you or renegotiating a better rate.
I've never had to do this before as I was always happy with my rate.Tags: None
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