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> They are a medium level of SOL if I just walk and don't give them work/help The business is not your friend. The business is not your lover. The business doe
by kaisdavis 16y ago
> They are a medium level of SOL if I just walk and don't give them work/help
The business is not your friend. The business is not your lover. The business does not love you, the business is a business.
Yeah, they're SOL if you just walk. But they'd be just as SOL if you died / were fired. Don't 'do them a favor' if they wouldn't do the same favor for you.
> I don't want to leverage that at all, or at least minimize them feeling like I am squeezing them for all they are worth.
The company doesn't love you. It's a business relationship, not making a website for your dad's war buddy. This is a job to put food on your table, not a quick project for a buddy.
They don't love you. You are doing them no ill by 'squeezing' them for all you're worth.
>Does anyone have some pointers here on how to go about this? Both keeping things as amiable as possible and maximizing my rate.
Let's break this down. You want to keep things amiable as possible, but remember that this is business, not a relationship. This isn't negotiating who gets the kitten with your ex, this is negotiating how much food you get to put on your table with a company. Again, they don't love you.
> Maximizing my rate
Well, how much do you need to earn, eof? That figure sets the baseline for whatever you ask for, so figure out that baseline.
How much would you need to take in each month to cover all of your expenses (food, rent, insurance, development, savings, taxes)? That's the minimum you need to ask for.
How much do they pay employees in the industry? You were earning $70k after 6-moths, so we're looking at a per-hour / per-project equivalent to that.
How much would they pay the freelancer that will fill your shoes if you just walked?
That's a lot of questions from me to you - sorry! - but it's questions that need to be answered for you to figure this thing out.
You're quitting so you have free time and have a lot of work on the side. If one of your other clients came to you with this exact same project, how much would you charge them?
Charge your current employer no less than that. You're quitting so you have the time and mental space to focus on what you want to do. Don't put yourself at a lower rate because you 'owe' the company something. You owe them nothing. The company doesn't love you. If it ever was more cost effective for them to replace you with a bobble head, they would do it in an instant.
tl;dr:
• Figure out how much you need to live the life you want to live
• How much would you charge Joe X for this same work?
• Don't settle for less than that and don't be afraid to walk away if they won't pay what you'd earn elsewhere. The company doesn't love you.
- eof 16y agoThanks for your in depth response. I save roughly 50% of my take home now living somewhat luxuriously. My living expenses will be very low when my fancy lease ends up; probably around ~1k/month. It's tough though, because I am worth more to this company than any other company in the world; since I hold a lot of specific knowledge. I think your most relevant question is 'how much will they pay a free lancer to fill my shoes if I walked'. I also am probably confusing soon to be ex boss and coworkers with the company itself. It is a small company, and more than just the company, my actual friends would having shitty days at work if I just walked; but I don't doubt for a second I would be replaced by the first working bobble-head hacker. I definitely am not afraid to walk. I took other advice in this thread (and elsewhere) and did the following. I picked a rate that is just a little higher than I really feel comfortable charging (but is nearly twice what I was charging 1.5 years ago free lancing) and knocked it back a bit; and told them exactly what my rate was, and that I would knock it back for them. My boss glady accepted, and rejected the discount. So my rate will be $65 an hour. The fact that they went higher than I offered really just proves that I am low balling myself? Eitherway, I am very happy with that rate.
- kaisdavis 16y ago> The fact that they went higher than I offered really just proves that I am low balling myself? Yes. Your boss knew how much it would cost them to find a replacement - short or long term - and your $65/hr came in below that. I am ecstatic that you are happy with that rate, but you probably could have earned more. Does it matter? Probably. But you're happy, they're happy, and I'm happy. Next step? Get it all in writing. Sign a contract with them. If you haven't watched Mike Monteiro's excellent video on getting paid, take 40 minutes and watch it: http://vimeo.com/22053820 http://vimeo.com/22053820 Enjoy your freedom, EOF!
- marklabedz 16y agoDon't forget, the cost to replace you is not your salary + search time. It includes benefits, lost productivity, putting a roof over your head, providing a phone etc. See http://www.useit.com/alertbox/loadedcost.html http://www.useit.com/alertbox/loadedcost.html