How to Improve Your Daily Rate as a Contractor
After a certain time contracting you will naturally want to seek a higher day rate. Approaching how to do this may seem daunting but there are tactics you can use to aid your cause. Here are some of the main ones to help you get over the line with a rate increase.
1. To increase your rate ensure you maximise your skill set and make sure you promote how much relevant work experience you have when negotiating.
2. To increase your rate a change of location may be required. The highest rates in Ireland are in Dublin. In the UK it is London.
3. Rates vary depending on the area you work in, some of the highest rates of pay are in the IT sector and the banking sector.
4. To increase your rate try and get more than 1 offer at a time and then negotiate from there. If 1 of them wants you more they will pay extra to get you.
5. You can ask your recruitment agent the commission they receive. If it is high they can pass on some of that rate thus increasing your rate in turn.
6. When looking for an increase always ask first for a rate higher than what you need and you will have to expect for the company to look for a better deal and therefore a compromise.
Accounting Pro is Ireland’s premier contractor accounting service. We are here to help, the busy contractor and company, with all your accounting and payroll needs. We are both an umbrella company and umbrella corporation and we can create your limited company. We are experts in contractor pensions, contractor health insurance, illness and sick benefit for the self employed and contractor expenses. To learn more about what we do please review https://www.accounting-pro.ie/ and contact us by email: email@example.com or phone us 01 6933370. For the UK see Accounting-Pro UK. “How to Improve Your Daily Rate as a Contractor” is an article written by Accounting-Pro Ireland for the benefit of everyone. Feel free to share it but please give attribution on a CC BY-SA license.