So What Was Your Last Rate? So What Was Your Last Rate?
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  1. #1

    darrenez

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    darrenez

    Default So What Was Your Last Rate?

    According to a job agency firm a certain investment bank (american) in the city will only process 'applications' from contractors if they know your last rate ...

    My application is now not proceeding.

    No doubt I could have answered the question of what rate a recent client paid but really that was for a certain type of work skill and came much cheaper and private company business.

    Besides when did a plumber last tell you what he paid for a call out to a dripping tap when you want him to fit central heating.

    sigh, are contractors disguised employees?

  2. #2

    Still gathering requirements...

    george99 has no reputation


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    Quote Originally Posted by darrenez View Post
    According to a job agency firm a certain investment bank (american) in the city will only process 'applications' from contractors if they know your last rate ...

    My application is now not proceeding.

    No doubt I could have answered the question of what rate a recent client paid but really that was for a certain type of work skill and came much cheaper and private company business.

    Besides when did a plumber last tell you what he paid for a call out to a dripping tap when you want him to fit central heating.

    sigh, are contractors disguised employees?
    Tell them its company and client confidential and refuse to disclose it to them. I'm always asked and never disclose.
    Its none of their business and they don't need it.

    I have asked some - when I've felt the need to - how they get me my daily rate (e.g. do they try to get me the best rate possible rate or do they charge a flat rate on top or % etc). If they're not prepaired to disclose this then I'm not sure that they would be good for me?
    Last edited by george99; 19th April 2011 at 01:15.

  3. #3

    More fingers than teeth

    OwlHoot - scorchio!

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    Whenever I'm asked I just quote a rate £30 higher than the actual value.

    Nothing wrong with fibbing if it's none of their business anyway!
    Work in the public sector? Read the IR35 FAQ here

  4. #4

    I live on CUK

    scooterscot is a fount of knowledge

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    Lie. Well bend the true.

    They'd do it to you.

    To be honest to a corrupt system, you'll never make any money.

  5. #5

    Fingers like lightning

    fckvwls has no reputation

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    Good to see a 6 year old question being answered. Did you get the gig, I need to know dammit

  6. #6

    Super poster

    Lockhouse is NOT a disguised employee

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    Quote Originally Posted by fckvwls View Post
    Good to see a 6 year old question being answered. Did you get the gig, I need to know dammit
    Yeah I hate loose ends. After 6 years now maybe I can get a decent night's sleep!
    ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

  7. #7

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    MrMark is too good to be a permie

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    An agent sent me an email asking if I was interested in a data analyst role in London, and to state my preferred rate. I sent him a figure that I thought was fairly modest yet appropriate ie not the inflated 3 or 400 rates some contractors can demand. However he then sent a mail back stating the role was just a junior one at 80 per day. Wtf????? Why don't they just recruit directly from McDs?

    I'm left with the feeling it was just a research exercise to find out what contract expectations are currently.
    Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter

  8. #8

    Double Godlike!

    Spacecadet is a permanent contractor

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    Quote Originally Posted by OwlHoot View Post
    Whenever I'm asked I just quote a rate £30 higher than the actual value.

    Nothing wrong with fibbing if it's none of their business anyway!
    If you're going to fib at least add a full £100 onto the figure
    Coffee's for closers

  9. #9

    Obstinate Git

    Mich the Tester is NOT a disguised employee

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    So What Was Your Last Rate?
    More than you'd like to pay and less than you're going to pay.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

  10. #10

    Batty

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    Quote Originally Posted by Spacecadet View Post
    If you're going to fib at least add a full £100 onto the figure
    Yep, agree. If they don't protest you know you're in the right ball park.
    "Ask not what you can do for your country. Ask what's for lunch." - Orson Welles

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