When is a 6 month contract not a 6 month contract...

[MrMarkyMark]

Contracts are 6 months in IB the vast majority of the time. Anything less than 6 full months sometimes looks a bit funky - IT etc can be different but London banking normally works on 3 or 6 months.

True.
However, your banking project wouldn't be the only one to have ever had budgetary constraints.

I've had this happen to me a couple of times, over the last 15 years.

I sucked it up and moved on.

[FatLazyContractor]

@OP - WNLUKS. YANCOTBAC

[blueislander]

True.
However, your banking project wouldn't be the only one to have ever had budgetary constraints.

I've had this happen to me a couple of times, over the last 15 years.

I sucked it up and moved on.

And I will do the same I am sure, have no choice. Just a Thursday afternoon moan. None of my concerns are their concerns, but who the hell else can I bitch at

[BlasterBates]

Remember your contract is with the agency. The agency contract usually states that they only pay for work signed off by the client, which basically means they can give you the contractual notice but they only pay you for work provided by the client. If the client tells you to go home then from that point on there's no money. The client only has to respect the notice period with the agency, whatever that is. The notice period protects you from the agency terminating in spite of the fact that the client requires your services, but I believe does not usually protect you from the client terminating.

You have to check your contractual terms and conditions but unless there is some clause explicitly outlining compensation if there is no work, then probably not much you can do.

This is different of course if you're a temporary employee.

[NotAllThere]

...

Can a Mod move this to general. I believe Brillo might be able help.

No. This is the right place for it.

[gables]

Contracts are 6 months in IB the vast majority of the time. Anything less than 6 full months sometimes looks a bit funky - IT etc can be different but London banking normally works on 3 or 6 months.

Surely it's not that sensitive, I can't believe anyone would bat an eyelid

[MrMarkyMark]

Can a Mod move this to general. I believe Brillo might be able help.

+1

[Elliegirl]

Don't worry. I used to think the two week enforced break over xmas was a disgrace. Nowadays, if it doesn't happen as part of the programme/project, I book the two weeks off anyway and have a lovely lovely break.

[Elliegirl]

[QUOTE=blueislander;2170503]Hi all,

Am coming up to 4 months worked on a 6 month contract for a London bank. Was told there was an enforced leave of 2 weeks over xmas (annoying but par for the course).

Very annoyed as a) it makes me look like I couldn’t finish a contract and b) I turned down a longer-term role for this and have no desire to be talking to agencies again.



When it goes on your CV you wouldn't say 'did four months of a six month contract' so why would it make it look as if you couldn't finish a contract, unless I've misunderstood?

As for the longer term role, if the length of the role was that important why didn't you take that in the first place? Anyway, as I've found over the years being in this game, nothing is guaranteed. The stories this site could tell you of people who have had a phone call on Friday to say the contract they are supposed to have started on the Monday has been canned. And this after they've resigned from jobs/moved across the country/turned down other roles, etc etc. At least you got four months out of your role. I myself have said yes to a role, then turned down 2 other interviews only to have the company come back to me a week later saying they've decided to appoint inhouse instead. As you can imagine, I'll never make that mistake again.

[BolshieBastard]

Hi all,

Am coming up to 4 months worked on a 6 month contract for a London bank. Was told there was an enforced leave of 2 weeks over xmas (annoying but par for the course).

Have now been told mid Dec is last day on the job as they have enforced leave and then no budget for the remainder of my contract in January.

I’m v annoyed because Dec/Jan is not the time to be off, it’s harder to find a role, companies are in party mode and have no budget. Do I have any course to argue this early termination? The contract states 2 weeks notice but they aren’t actually doing that, just stating that 4 weeks time is when the money runs out. Have emailed HR for some clarification on this - boss is just a shrug shoulders "hands are tied" guy - but ultimately he must have known he had no budget when they brought me in?!?

Very annoyed as a) it makes me look like I couldn’t finish a contract and b) I turned down a longer-term role for this and have no desire to be talking to agencies again.

Probably no recourse here at all so just ranting.

You sound like this is your first contract out of permiedom. Contracting can be harsh, eh?

What makes you think the role you turned down wouldnt have ended earlier?