Originally posted by hungry_hog
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
State of the Market
Collapse
X
Collapse
-
-
Originally posted by fiisch View PostThanks... that actually makes me feel a lot better about my situation. Since I've been a BA in insurance, I've had three different roles (1 perm, 1 contract to perm, 1 contract) and they've all been the same re.: very low workload for the most part, although the current role is by far the worst. It's actually made me feel very depressed, and seriously consider moving away from BA/IT work into a more operationally-focused position.
Absolutely my current situation would fail IR35, but what can I do? I took the role in good faith, I have repeatedly asked for more work, I am reluctant to search another role as 1). Personal circumstances (moving house) 2). There is the possibility that there could be some exciting stuff ahead for this company, and that would be a major asset on my CV.
As crazy as this sounds, I think the client would be disappointed if I left (I honestly don't know why), and I would feel bad for letting them down and leaving so soon after a renewal.... I am the sole earner in my household at the moment, and because I'm fairly new to contracting I don't have much of a warchest yet - certainly not enough to walk or offer to take a month off to see if things change. That said, with possible redundancies looming, I have started to put the feelers out, but my heart is not really in finding another BA role if this is what is going to be like..!
The issue in Insurance is that big 4 EY/KPMG will create a tidal wave of transformational work around the big insurance/merger/acquisition deals but the big losses in insurance and brexit have slowed all this down.
The amount of BA work this will require will be the largest since Solvency 2 and will probably dwarf it.
Getting additional skills in an emerging niche BA area around ROPA and IAM will be a good medium term play.Comment
-
From other news:
Barclays cutting:
Unite anger at 460 job losses at Barclays
Societe generale:
Societe Generale to slash 1,600 jobs in cost-cutting drive
BNPP just finished its round. And looks like new round is coming.
Some talks about HSBC.
Looks like it is going to be a fun year.Last edited by AndrewK; 10 April 2019, 10:52.Comment
-
Originally posted by AndrewK View PostFrom other news:
Barclays cutting:
Unite anger at 460 job losses at Barclays
Societe generale:
Societe Generale to slash 1,600 jobs in cost-cutting drive
BNPP just finished its round.
Some talks about HSBC.
Looks like it is going to be fun year.
As for the others they all constantly look to trim operating costs staffing is the fast way to do that as there is little difference between the major banks if your an investor so the ones which have the weakest internal processes & outdated IT system will continue to outsource, offshore & cut staffing.Comment
-
Originally posted by uk contractor View PostSociete generale is no big surprise a rogue trader lost about 7.2billion a few years ago. Cutting staff is the only way they can recover those losses! How Jerome Kerviel lost $7.2 billion - Business Insider
As for the others they all constantly look to trim operating costs staffing is the fast way to do that as there is little difference between the major banks if your an investor so the ones which have the weakest internal processes & outdated IT system will continue to outsource, offshore & cut staffing.
Banks also moving roles to the continent and Ireland. Can't say how many, but there is definitely some movement.Comment
-
Originally posted by AndrewK View PostFrom other news:
Barclays cutting:
Unite anger at 460 job losses at Barclays
Societe generale:
Societe Generale to slash 1,600 jobs in cost-cutting drive
BNPP just finished its round. And looks like new round is coming.
Some talks about HSBC.
Looks like it is going to be a fun year.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by northernladuk View PostPlaying devils advocate here but what do job cuts have to do with the contracting market?Comment
-
Not a problem in the sector I operate in. Chronic shortage of my type of skill.
Sent from my SM-G955F using Contractor UK Forum mobile appComment
-
Originally posted by Yorkie62 View PostNot a problem in the sector I operate in. Chronic shortage of my type of skill.
Sent from my SM-G955F using Contractor UK Forum mobile app
sent from my microsoft wireless keyboard using mkI fingers.Comment
-
Originally posted by BR14 View Postyep, not many experienced welly-chuckers left now
sent from my microsoft wireless keyboard using mkI fingers.
Sent from my SM-G955F using Contractor UK Forum mobile appComment
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment