Tightening the belt February 26, 2009

It’s hard not to escape the fact that our global economy is in serious trouble. We are bombarded with bad news every day, both in the media and in professional forums. Even Microsoft is laying off employees. And yet we are also hearing about all the corporate and government waste that is going on even while times are supposedly tough. Every day I read a new report in the newspaper about how a bank that received bailout funds spent millions on a corporate event, this corporation gave its CEO several billion dollars in bonuses despite having laid off a ton of workers, or how FEMA has a $2 billion surplus that it isn’t distributing to those who need it.

Many translators have also been increasingly getting e-mails from clients asking us to reduce our already low prices. I have been doing this for at least 15 years and am amazed that the average word price really hasn’t increased with inflation. Freelance translators are constantly asked to reduce their rates “for this job” or “for this client” “because the margin is tight” – this was happening even BEFORE the economy tanked! I realize agencies have to make a profit, and one of the ways is to pay less for the translations they are selling to the end clients, but it’s hard to get blood out of an already anemic stone.

One way to combat this is to stop working with low-paying agencies and concentrate on finding more direct clients. I love working with translation agencies, because it allows me to not have to do all the hand-holding and hoop-jumping working with direct clients entails. However, if one more agency sends me an e-mail asking me to lower my rates “because of the economy” I’m going to scream. They aren’t doing it because of the economy; they are doing it because it makes fiscal sense to take advantage of the bad economy.

Translations cost money, and good translators cost money. Having seen the results of translations by lower-paid “translators” I realize they get what they pay for. Most of the translators I know are no longer willing to proofread, because agencies are also trying to save money by farming the translation to a machine or a cheap translator and then hiring a more expensive translator to try to save the translation through proofreading (at $0.02 or $0.03 a word). This practice is useless, because it is often easier to retranslate the document than try to correct all the errors and still have a halfway decent translation in the end. And those accepting a per-word rate for proofreading certainly don’t earn a decent wage from the hours of hair pulling proofreading a bad translation entails. This is why an hourly proofreading rate is always advisable. I went to school and got a Master’s degree, which obviously doesn’t mean beans to less reputable translation agencies, and have invested thousands of dollars in dictionaries and equipment over the years. Doing your job well costs money. I wish some agencies would stand up to their clients and do a little client education and explain why paying peanuts is not necessarily a good thing.

In the meantime, we need to follow Adam@Home’s lead and tighten our belts. If you haven’t read Corinne’s post on freelance frugality I suggest you head over there right now and check it out. We may be earning less for a little while until the economy improves again, so it pays to practice frugality and perhaps tap into the cushion you hopefully have been setting aside for times like these.

I’m sticking to my rates and if the agency doesn’t like it they can find someone else and I will do the same. Despite all the doom and gloom out there right now, there still are plenty of good agencies that value their independent contractors out there. You just need to look for them.