Extending Retainership - CiteHR
Dinesh Divekar
Business Mentor, Consultant And Trainer
Kanika Kapoor
Soft And Behavioural Skills Trainer
Hr, Administration & Law
Labour Laws
+2 Others

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When the retainer period is getting over (just two more weeks to go) and there is no communication from the company, can the retainer take the initiative to inform the company that the period is getting over in two weeks? Or wait till the last week?
Is it ok to ask the company if they have any plans of extending? If the retainer asks, will it lower his/her negotiating power, that is, negotiating for a raise for the next one year period? Is the company keeping mum because they have no plans of extending or that they don't want to initiate and pay a raise, etc?
Can somebody help me with their inputs pl?

Can someone pl reply. It’s urgent ! The agreement is extendable on mutual terms.
Hi, There is no harm in informing the company that the retainer-ship is going to end on the specified date. ...... Satori
Since you are an independent person, a professional, it would be better that the company informs you about the extension or termination of the contract. If the company wants to extend the contract, in any case , the company will inform you.
It would not be proper to draw an inference that because the company does not want to extend the contract, the company is keeping mum. On a professional level, it is for you to decide as to whether you want to work on the same retainer fees or you want an escalation in retainer fees. If you want an escalation in your professional charges, you should write an official mail to the company in this regard.

I agree with Mr..Psmoholkar. I would rather add that a Retainer is generally a person either who contributes more to the company or the company or its managing people is interested in him some way or other. As such I feel that it is desirable to keep quite. There is a proverb that "Silence amounts to Acceptance." This may perhaps apply mutatis mutanadis. However the Retainer should be prepared to to accept termination if informed. There will generally be a notice period. Even if not, the company has got a courtesy to inform in advance. If the retainer is not willing to continue or has got a better offer he can volunteer to inform the company.
Would request you to please speak with the right person (and mark a formal e-mail showing your interest) in the organization if u are keen to extend the same. As u only said "mutual".
Please do not waste time as u have only 2 weeks left.
Hope it helps!

My company is not agreeing to give an experience letter after two years of retainership. They say they don't give experience letters to retainers. Is that the norm? Or am I being shortchanged? should I push for it and struggle to get it? I don't want it to end in a bad relationship too. Can anyone reply as it is urgent?
Dear Aishwarya,
While taking you on board, your client must have given you some letter. That letter should be sufficient to prove that you were retained as consultant. Secondly, ask for Form 16. This will be yet another proof of the retainhership.
Dinesh Divekar

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