Hiring freeze just before making offer

[BolshieBastard]

Is the market really that bad?

The 'market' covers all sectors and some sectors are doing better than others.

[Kprad35]

Yes it was a contract position for a Bank.

What I noticed in banking sector that manager wants to interview many persons through various rounds before coming to final decision.Average length from sending cv to final job offer is 3 weeks plus 3weeks of background checks. Gone are those days when yu get offer within couple of days. There is no more urgent requirement

Recently I applied for a job through resource solutions but the same job advertised after 2 days by many other agencies. The reason, manager wanted to collect as many cvs as possible before he starts shortlisting for interview. There is nothing wrong in this but it takes lot of time and patience to land an offer and if that offer gets stuck for this reason then it hurts. Anyway more money = more risks

[LondonManc]

Yes it was a contract position for a Bank.

What I noticed in banking sector that manager wants to interview many persons through various rounds before coming to final decision.Average length from sending cv to final job offer is 3 weeks plus 3weeks of background checks. Gone are those days when yu get offer within couple of days. There is no more urgent requirement

Recently I applied for a job through resource solutions but the same job advertised after 2 days by many other agencies. The reason, manager wanted to collect as many cvs as possible before he starts shortlisting for interview. There is nothing wrong in this but it takes lot of time and patience to land an offer and if that offer gets stuck for this reason then it hurts. Anyway more money = more risks

Simple lesson learned - don't put all your eggs in one basket. I learned the hard way; I turned down one role at one bank for the role at every contractor's favourite IB and the role got put on hold at the last minute. Cost me about ten grand in lost revenue for the gap between when I would have started with the other bank and finally getting something sorted out.

[newmove]

Does this client name start with V?

[LondonManc]

Does this client name start with V?

A bank beginning with V?

[Intel]

A bank beginning with V?

Vanquis???

did some work for them before I decided I had morals.....

[BrilloPad]

What do you think? Any chance of getting offer after 2 weeks-agency-resource solution- not promising a anything.

I am absolutely positive after 2 weeks all will be fine. Use the 2 weeks to take it easy. You don't want to confuse things by looking round elsewhere.

[LondonManc]

Vanquis???

did some work for them before I decided I had morals.....

Wasn't the bank I was thinking of. The one I was thinking of was a bit bigger.

[Kprad35]

Given client pulling out contract just before start, what would be the adverse impact on hedging against such pullouts - meaning progressing with two offers and decide to turn one down after starting with other?

[TykeMerc]

Given client pulling out contract just before start, what would be the adverse impact on hedging against such pullouts - meaning progressing with two offers and decide to turn one down after starting with other?

Quite possible, in fact the standard approach is never consider a contract in the bag until you're billing, the trick is to avoid annoying multiple clients when you let them down by accepting another offer.