Barclays

[Gixxer6]

Nobody picked up on this yet?

BarCap cutting contractor rates by 10%

http://www.theregister.co.uk/2008/05...tractor_rates/

I've had this in the past, and the despite the temptation to tell them to stick it most people roll over and oblige

Hope it's not the start of a trend

[oracleslave]

Originally Posted by Gixxer6

Nobody picked up on this yet?

BarCap cutting contractor rates by 10%

http://www.theregister.co.uk/2008/05...tractor_rates/

I've had this in the past, and the despite the temptation to tell them to stick it most people roll over and oblige

Hope it's not the start of a trend

http://forums.contractoruk.com/gener...highlight=Doom

Wasn't given much press by cuk. How does cutting contractors rates by 10% make any significant difference to them?

[Gixxer6]

My bad . . . must try to pay more attention. Bloody work keeps getting in the way

[DodgyAgent]

Originally Posted by Gixxer6

Nobody picked up on this yet?

BarCap cutting contractor rates by 10%

http://www.theregister.co.uk/2008/05...tractor_rates/

I've had this in the past, and the despite the temptation to tell them to stick it most people roll over and oblige

Hope it's not the start of a trend

why not. You guys are only too quick to raise your rates when demand is high so why cant the clients enjoy a few market forces themselves?

[DimPrawn]

The rates you City types are on, 10% is probably a few hudred quid a day. Perhaps you can sell one of your Porsches to make up for it?

[BrilloPad]

Originally Posted by DodgyAgent

why not. You guys are only too quick to raise your rates when demand is high so why cant the clients enjoy a few market forces themselves?

happy your share is cut then?

[The Lone Gunman]

Originally Posted by DodgyAgent

why not. You guys are only too quick to raise your rates when demand is high so why cant the clients enjoy a few market forces themselves?

Most of us at least work out the contract at the rate agreed.

This is indicative of something I have been trying to show for some time.
The clients do not and will not work on a B2B basis. More often than not we are a conveniant way for them to circumnavigate the employment laws.
To them we are temporary employees that they can get rid of at a moments notice or who can be manipulated in any way they please.

When Hector comes along and screws us for being "hidden employees" it is not of our doing, it is the clients. Hector should be chasing them.

If the original legislation had been kept (which targeted them) then we would not have the problems we have.



........ ranting again.

[Alf W]

I have no problem with this. If they are invoking notice clauses in contracts we've signed then fine, that is very B2B behaviour. Like Dodgy says, we're all happy to stick our rates up when 'the market' says it's time to do so.

Better to be earning 90% of a lot than 0% of a bit more. If you can move on and maintain/increase your rate then good luck to you.

[DodgyAgent]

Originally Posted by BrilloPad

happy your share is cut then?

[Wilmslow]

I am very happy with this - if you like the deal, stay. If not, move on. If you want more stability, go permie.