pimp/client wanting to reduce rate mid contract

[basilspinone]

Hi Fellas

well, just had a call from my pimp and the client co want to reduce my rate by a whacking 11% !!!! I am in my 2nd contract with the client and am mid term of a 6month role. What are your thoughts? accept, negotiate or jump???

cheers

[The Wikir Man]

It's a contract negotiation - negotiate!

Are you happy there? Is there lots of alternative work available for you? Do you need the money? Would you be happy on the rate?

Is the push coming from the client or the pimp? It's not unheard of for the pimp to ask for a reduction and blame it on the client, but nothing has been said by the client.

What is the agency margin - how much are they cutting their margin?

What notice would the client have to give you to get rid of you? How strong is your relationship with the client - if you declined would they get rid of you immediately? Are you friendly enough with them to get the cut reduced?

Is it just you, or is it across the board?

So many questions that only you can answer, I'm afraid.

Edit - you can't really jump. You could give notice, but that really is cutting off your nose to spite your face. Unless you have something better paid that you want to go and do, that really would be a silly move.

[HairyArsedBloke]

Let the rules of acquisition No. 16 & 17 be your guide.

[moorfield]

Offer them a 20% reduction for a 4 day week at the same daily rate.

If you're gonna be stiffed you might as well have some time off to enjoy life.

[TheBigYinJames]

Offer them a 20% reduction for a 4 day week at the same daily rate.

If you're gonna be stiffed you might as well have some time off to enjoy life.

Excellent suggestion. Get a Friday if you can.

[The Wikir Man]

Offer them a 20% reduction for a 4 day week at the same daily rate.

If you're gonna be stiffed you might as well have some time off to enjoy life.

That only works in two situations.

1 - there is less work to do, so they are trying to save money.

2 - there is the same amount of work to do over a longer period, so it doesn't save any more money for the client.

If the client actually wants / needs to save money, then you'd need to offer an incentive for them to do so.

[Mich the Tester]

Depends on your warchest. If you have enough in the warchest, you can negotiate and if they don’t want to negotiate, walk. You could offer a lower rate to work at home or a more convenient location for you. Otherwise, you might have to swallow it.

[Scrag Meister]

I had to take 15% cut 18 months ago mid-contract.

My view then, with the market as it was then, was 85% of something is better than 100% of nothing.

If you can handle the drop, do it and then look.

Don't burn bridges or stick yourself in the schtuck out of some self righteous need to make a point.

[expat]

Don't burn bridges or stick yourself in the schtuck out of some self righteous need to make a point.

That's true. Don't try to pretend you won't sell out, you've already done that. It's just a haggle about the price.

[lukemg]

What is your notice period ? Say you will take the cut if they are prepared to reduce the notice period to 1 week, the threat will be implied. Work at the same level as before, no resentment, stirring etc and start looking. You find something, that's business, if not then you are still earning.