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What is a good rate these days?

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    What is a good rate these days?

    A very generalised question indeed - but my curiousity was raised by a thread in one of the other sections about £800/day contract with a £200 "bonus" for completion of the project. Now to me that sounds like a heck of a lot of money, especially in this day and age of China and India taking on a lot of the work to produce low quality results. But am I missing something here? Have rates gone up?

    For london based contracts, I thought £500/day was a good rate, now I'm not so sure. I'd be very happy with £800, but I'd also fear that this would highlight me as a very expensive option and one to be eliminated by the client.

    Anything below £250 is a poor rate - again in London and my personal opinion.
    Last edited by ChimpMaster; 11 June 2010, 12:07.

    #2
    It depends what you are doing and for whom. If it's common or garden admin or coding work on behalf of a global multinational £400 is a lot of money at the moment. If it's some specialised highly mathematical stuff in the city then you will get laughed at for selling yourself so cheaply.
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

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      #3
      Originally posted by ChimpMaster View Post
      A very generalised question indeed - but my curiousity was raised by a thread in one of the other sections about £800/day contract with a £200 "bonus" for completion of the project. Now to me that sounds like a hectic of a lot of money, especially in this day and age of China and India taking on a lot of the work to produce low quality results. But am I missing something here? Have rates gone up?

      For london based contracts, I thought £500/day was a good rate, now I'm not so sure. I'd be very happy with £800, but I'd also fear that this would highlight me as a very expensive option and one to be eliminated by the client.

      Anything below £250 is a poor rate - again in London and my personal opinion.
      It really is a "piece of string" question based on skills/roles etc but I would be in general agreement with your parameters....
      £250 = low in London
      £800 = pretty exceptional (even) in London
      +£200 extra/bonus/loyalty (very*) exceptional

      *Sorry about the qualified absolute

      Comment


        #4
        Originally posted by Drewster View Post
        Sorry about the qualified absolute
        Better than an unqualified relative. Take my uncle Keith for example.
        While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

        Comment


          #5
          Originally posted by ChimpMaster View Post
          A very generalised question indeed - but my curiousity was raised by a thread in one of the other sections about £800/day contract with a £200 "bonus" for completion of the project. Now to me that sounds like a hectic of a lot of money, especially in this day and age of China and India taking on a lot of the work to produce low quality results. But am I missing something here? Have rates gone up?

          For london based contracts, I thought £500/day was a good rate, now I'm not so sure. I'd be very happy with £800, but I'd also fear that this would highlight me as a very expensive option and one to be eliminated by the client.

          Anything below £250 is a poor rate - again in London and my personal opinion.

          £250 per day is only 60k per year which you could get being permie.

          £500 pd is a great rate for normal run of the mill corporate jobs, normal for banking.

          To get £800 pd plus a £200pd bonus you need to be a guru in a sort after niche low supplier count skill.

          Originally posted by doodab View Post
          Better than an unqualified relative. Take my uncle Keith for example.
          LOL
          Last edited by Scrag Meister; 11 June 2010, 10:42.
          Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.

          Comment


            #6
            I was quoted a good rate had a phone interview, offered the role, then they wanted to drop the rate.

            I said no thanks.

            Asked the agent why, he said the client was not getting the right people, when the role had a lower rate
            Fiscal nomad it's legal.

            Comment


              #7
              Originally posted by alreadypacked View Post
              Asked the agent why, he said the client was not getting the right people, when the role had a lower rate
              One of the few times I would like to be face to face with a Pimp........ So I could punch him repeatedly!!!

              Comment


                #8
                Originally posted by Scrag Meister View Post
                £250 per day is only 60k per year which you could get being permie.
                But if you can get 60k as a permie you would be looking at more like £450+ for a contract. £250 a day is roughly what a permie on £30-35k could charge as a contractor, so it still works out better. You're not comparing like with like.

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                  #9
                  Originally posted by Bunk View Post
                  But if you can get 60k as a permie you would be looking at more like £450+ for a contract. £250 a day is roughly what a permie on £30-35k could charge as a contractor, so it still works out better. You're not comparing like with like.
                  Point taken.
                  Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.

                  Comment


                    #10
                    Inflation

                    I was earning £480 p/d in the late nineties.

                    Taking into account inflation, I should be getting £620 p/d now.

                    Historical UK Inflation And Price Conversion

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