Originally posted by MrMarkyMark
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Contract day rate changed
Collapse
X
-
-
Hardly the time to be complaining about taking a 20% rate cut... The world is burning and there isn't much going on beyond your current contract.Comment
-
The companies that are "taking advantage" are few and far between when GDP drops by 30-40%, many companies need to cut costs drastically just to keep solvent.
I would accept your 20% cut. The market is currently awash with laid off contractors.I'm alright JackComment
-
Originally posted by DDD1 View PostHey all,
I started a new contract on the 8th of March and it runs until 15th May. The agency I got the contract with informed me yesterday that due to Coronavirus my day rate will be reduced by 20% which is in line with how they are treating perm staff. I'm unsure if they can actually do this seeing as the contract runs until 15th May. Also, treating contractors how they are treating perm staff doesn't sit right, what with the benefits perm staff will still receive.
Any help would be appreciated.
Thanks!Make Mercia Great Again!Comment
-
-
Originally posted by wcsltd View PostYou could accept the change and do 20% less work - seems fair to meComment
-
-
Had this happen to me in the 2008 financial crisis. I took the cut. I hear some banks ( the red and white types ) do this routinely when a contractor starts
Sent from my iPhone using Contractor UK ForumComment
-
It's a slightly worrying sign they view you like an employee or it could be a cynical ploy. You can challenge it but if this is imposed across the workforce it sounds a bit unlikely to work.
Worth a push but be polite and professional, don't make threats you aren't prepared to follow.
How/why are they reducing all permie salaries 20%? That is surely needing consent unless they are furloughing which is very different. Are they just seeing the 80% figure in the headlines and jumping on board?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by MisterLysenkiy View Postone day less in factThe greatest trick the devil ever pulled was convincing the world that he didn't existComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment