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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (1722)5/9/1998 4:59:00 PM
From: John Mansfield  Read Replies (1) of 9818
 
[RATES] Hamasaki: 'Re: RATES ON THE RISE!'

During 1997 Cory Hamasaki has focussed a lot of attention of rates. The last 6 months or so we did not hear much about the predicted huge increases in rates (for programmers, that is).

This is changing..very interesting discussion below.

John

______

On Fri, 8 May 1998 09:27:28, "D. Scott Secor - Millennial Infarction Mitigator" <y2k@uswest.net.NO$PAM> wrote:

> Interesting ... VERY interesting! It would appear that the "sleepy" markets
> are awakening.
>
> I'm seeing a few armor chinks in the local market (Minneapolis/Saint Paul,
> aka Silicon Valley North) as well. I recently attended a local
> head-hunter-sponsored "Job Fair" and passed around my one-page resume (Y2K
> Project Manager background).
>
> I began by asking $100/hr. ... not a flinch. Then I asked $125/hr. ...
> still no flinches. Finally, $150/hr. cocked an eyebrow and caused a
> singular "that seems a bit high" in response. This tells me that the
> head-hunters would probably bill me out at $175-$225 (I charge less). Were
> the rest of you local contract PMs listening to this?

Doesn't sound high to me... but what do I know, I thought they should have
paid $100/hour a year ago, stated that openly, and got flamed for it.

While I have your attention, any company could have had their pick of the litter
a year ago at $100/hour. Now, forget it, unless you're a personal friend or a
long time client, and you cop a sub-100 attitude, get back to the end of the
line. We're at 100/100, that's $100K/year W2 with benefits or $100/hour for
consultants.

Here's another metric for you, I called a company that I've worked with in the
past, I need some short term work done by a couple of their specialists, as a
favor, it's me; here's their price, $250/hour or $2,000/day plus expenses.

>
> I also have a sizable pool of COBOL-cranking associates from which to draw,
> from $75/hr. (up by $10 in the past month). My quote is $10 to $20 lower
> than what local body shops would charge for comparable talent.
>
> I also have a client that could use up to FIVE programmers who are
> well-versed in assembler, billing at same rates. Any takers?

Not at $75/hour... maybe Eastabrook would be willing to tn3270 in? Actually
that might not be a bad arrangement.

>
> Interested parties can e-mail me for further details (strip my ".no$pam"
> filter first).
>
> I believe that these rates will be viewed as being downright "nostalgic" in
> another couple of months. The number of open positions is expanding, and
> the talent pool is shrinking. Anyone want to guess the next level?

My friends are quoting $250/hour to me. For you... $350???

>
> Please be advised, we apply a local (albeit P.C.) courtesy known as
> "Minnesota Nice" to everything we do in this State. Therefore, mandatory
> overtime will hereafter be refered to as an "Ambiant Body Temperature
> March".
>
> Ciao,
>
>
> Scott Secor

cory hamasaki

____

Subject:
Re: RATES ON THE RISE! (was Re: Rates)
Date:
8 May 1998 18:28:02 GMT
From:
kiyoinc@ibm.XOUT.net (cory hamasaki)
Organization:
IBM.NET
Newsgroups:
comp.software.year-2000
References:
1 , 2 , 3
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