Asked to take a rate cut during contract Asked to take a rate cut during contract - Page 2
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  1. #11

    Should post faster


    Join Date
    Feb 2011
    Posts
    181

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    My current client asked all contractors to take a voluntary 10% rate cut. I had got wind of it from my manager (I'm operating inside IR35 so I can call him that), then got an email a couple of days later pointing me to Survey Monkey. The question was quite simply would I be willing to accept a 10% pay cut. I clicked no and I haven't heard anything since.

  2. #12

    Nervous Newbie


    Join Date
    May 2016
    Posts
    12

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    Current client applied a rate cut starting this month.

    I didn't counter because my contract ends in September and it wasn't a big cut.

    If there is an extension on offer I fully expect there to be further cuts.

    I know quite a few excellent contractor's who have had to take rate cuts. Up to you to decide whether you feel confident enough to find something else in the current climate.

  3. #13

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    Quote Originally Posted by Acme Thunderer View Post
    My current client asked all contractors to take a voluntary 10% rate cut. I had got wind of it from my manager (I'm operating inside IR35 so I can call him that), then got an email a couple of days later pointing me to Survey Monkey. The question was quite simply would I be willing to accept a 10% pay cut. I clicked no and I haven't heard anything since.
    Your name is on zzzzzlist


    Sent from my iPhone using Contractor UK Forum

  4. #14

    Still gathering requirements...


    Join Date
    May 2020
    Posts
    50

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    Short answer is yes, they cannot only ask but implement a rate cut.

    Ive been presented with a rate cut option twice. Once I told them to stick it and had trouble finding work for an enforced period as the market tanked not long after I left.

    2nd time I swallowed it, took the money but didnt do any extra hours. Stayed for another 9 months as the market was quiet then left and got a role at a significantly higher rate.

    Gorses for courses.

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