State of the Market

[gables]

was just like that in early '70's too

Christ I'm old, you must be ancient

[SchumiStars]

Well that's a new one, virtual interview scheduled and confirmed. Perhaps they were all trying to get boxing tickets like me.

March 2025. Market is the worst I have ever seen it.

2yrs without a contract. I suspect, as said previously, with more contracts expiring rather than being renewed, it will be getting worse than better.

Right back to getting tickets, if any left!

[sadkingbilly]

Christ I'm old, you must be ancient

[Snooky]

In the meantime found this little beauty on LI. Bilingual Automated Tester for £150 a day. At some point the agent needs to develop a backbone and refuse to deal with a client.

€150pd - not even £150pd, more like £120-125!

[eek]

€150pd - not even £150pd, more like £120-125!

So below minimum wage once employer cost deductions are taken from the day rate

[Yuri F]

if you mean only NI assuming all other allowances are exhausted then it's marginally higher.
£124/day is £15.5/h, net 13.8% employer-side NI is £13.62/h vs currently min £11.44/h
but yeah - this might create an impression like IT is falling down to level of level unskilled labor (although most likely is simple middle-man rip-off)

[eek]

if you mean only NI assuming all other allowances are exhausted then it's marginally higher.
£124/day is £15.5/h, net 13.8% employer-side NI is £13.62/h vs currently min £11.44/h
but yeah - this might create an impression like IT is falling down to level of level unskilled labor (although most likely is simple middle-man rip-off)

you are missing out holiday pay and the 15.5% employer NI / apprenticeship levy come April.

And minimum wage is £12.21 from April 1st.
Add £1.47 for Holiday pay
And by the time you include Employer Pension you have £2.53 in employment costs

Which means as an absolute minimum to employer someone on minimum wage will cost you £16.21 an hour

[SussexSeagull]

If someone proficient in Selenium (and a host of other things) is essentially down to minimum wage then the industry stops being sustainable as you literally might as well stack shelves.

That’s before you take into account being bilingual.

[SussexSeagull]

But it appears that people don't proactively talk to agents any more, instead relying on emails, or just spamming out their CV.

Problem is most agents I have worked with aren’t agents anymore and actually reaching some agents is surprisingly difficult.

[rocktronAMP]

I thought roles at this level were considered office holders or something like that meaning they generally cannot be outside IR35.

Ok. Permanent is also what I thought.

Can you receive dividends because you are near the top level of the board or even on the board of the company?