State of the Market

[PlanB]

Market was dead in January, started to pick up rapidly early feb, was hot for a fortnight but since then - nothing. Tumbleweed for the last 10 days. The dreaded virus, perhaps.

Given the recent government announcements the ramping up of fear and negativity is getting very serious. If we aren't currently in deep recession we will be very soon. Quite hard to conduct business when everyone is staying indoors for the next 3 months.

[perplexed]

Given the recent government announcements the ramping up of fear and negativity is getting very serious. If we aren't currently in deep recession we will be very soon. Quite hard to conduct business when everyone is staying indoors for the next 3 months.

Updates company resume to read :-

"All staff innoculated against coronavirus. Use corporate branded gas masks to ensure client confidence".

[yorkshirespud]

I doubt there’ll be any pickup until the Budget on the 11th March when the IR35 changes are confirmed for April 5th. At that point once the die is finally set we might see some action.


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[northernladuk]

I doubt there’ll be any pickup until the Budget on the 11th March when the IR35 changes are confirmed for April 5th. At that point once the die is finally set we might see some action.


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Like what exactly?

[ladymuck]

Like what exactly?

They might get laid?

[yorkshirespud]

Like what exactly?

The realisation that client-driven IR35 determinations are here, and that it has to be engaged with.

I don’t think this is the end of contracting as we know it, it could actually work out well for real contractors in the end.

I think the contracting market will split 80/20 with the permie-tractors who are likely 80% of current contractors rolling over and taking pay cuts, and agency PAYE / Umbrella PAYE.

The more enlightened clients will realise that if they want to attract the top 20% who are genuine contractors, with a wealth of experience from multiple clients, and the real deal, will only attract those contractors if they engage properly and perform real, considered IR35 determinations for truly outside roles.

Disinterested clients will blanket outside and get permietractors, and be happy with each other.

Quality will put, and find each other, on both sides.


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[GhostofTarbera]

The realisation that client-driven IR35 determinations are here, and that it has to be engaged with.

I don’t think this is the end of contracting as we know it, it could actually work out well for real contractors in the end.

I think the contracting market will split 80/20 with the permie-tractors who are likely 80% of current contractors rolling over and taking pay cuts, and agency PAYE / Umbrella PAYE.

The more enlightened clients will realise that if they want to attract the top 20% who are genuine contractors, with a wealth of experience from multiple clients, and the real deal, will only attract those contractors if they engage properly and perform real, considered IR35 determinations for truly outside roles.

Disinterested clients will blanket outside and get permietractors, and be happy with each other.

Quality will put, and find each other, on both sides.


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You missed happily ever after from this fairly tail

Big clients normally give big agency’s a heads up of big projects coming up a few months out, spoke to an agent today - there is nothing in the pipeline


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[yorkshirespud]

You missed happily ever after from this fairly tail

Big clients normally give big agency’s a heads up of big projects coming up ...


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And there’s the key. As I said, post April-20 you’re going to need an *engaged* client to obtain an outside IR35 gig.

I think in the main: Big client != Engaged client

Big clients (read banks etc) are not going to be the way forward.

Smaller client, more focussed clients, engaged clients, who want the best. Oddly enough, some of the outside IR35 seen in the last few months are top end roles from public sector clients. They already know they have to play the game to get the right people.



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[quackhandle]

Budge up, make some room on t'Bench.

Will be done by the end of the month.

Suppose I could work on Plan B until we are needed to rescue the shambles it will invariably develop into around mid May.



qh

[PlanB]

Merry go round

Some anecdotal evidence that the market has picked up for a few of my contacts on linkedin, I think this is the much talked of merry go round of contractors hopping from one recently determined inside IR35 gig to a fresh one without the investigation risk.

We should be hitting peak coronavirus April-May so this might be the time to make a move before the economy completely tanks.