Originally posted by LondonPM1
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State of the Market
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Originally posted by BoggyMcCBoggyFace View PostShort answer may before covid not too crazy but post covid in current climate very difficult to achieve as no one wants to hire in London really and there is a lot of candidates for what there is.Comment
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Originally posted by BritishLad88 View PostI think even before Covid, it does seem a bit crazy. sorry to say... but we got to remember we can't directly translate a day rate to an equivalent figure in terms of salary. Even if the job role is for a niche specialist, i think its rare for those kind of figures. 120K for an IT ? not so sure. For a banker/trader - for sure probably yes (i've a few friends who are traders and are earning exactly those numbers...)
For normal bank (not GS/MS) you are talking:
BA 40-70
PM 60-90
Programme Manager 80-110
Director 110+
Bonuses are not very good for IT. Actually they're rubbish all around, unless you inhabit the tv show 'Billions'Comment
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Originally posted by BoggyMcCBoggyFace View PostPersonally from what I'm seeing as a hiring manager in London FS its going to get worse and possibly a lot worse, either late on this year or early next year I can see lots of redundancies coming. Covid and the fact everyone has had to remote work has put the offshore model on a strong footing. I think some posts I have read on here the posters need a reality check, I did have one position I needed to hire and for reg reasons needed to be UK based I had over 200 applications for the role many were very over qualified. The only people I have seen do ok is contract to perm conversions that were agreed before covid BUT we will have to wait and see if HMRC come a knocking for them.Comment
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My last gig the consultancy lost the contract to Eastern Europe. Had a half decent perm role in the wings, end client again has moved the project to Poland to save money.
Outside of London I'm seeing around 1 or 2 standard dev contracts a week, all at rubbish rates (£300 - £350). Lots of perm roles but all topping out at 75k, with most in the 50k to 60k range.
A few decent public sector roles at the DWP and MoJ but the application process is excruciatingly slow and requires page after page of documents and a covering letter detailing why you meet the 101 skills required.Comment
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Hi all - 3 months out of contract here and fed up of watching my war chest hemorrhage. I'm ok for another 10 months or so but I need to stem the tide.
What's the general feeling about an uptick in the dev market once restrictions have been lifted?
I'm thinking I should be doing some damage limitation right now by finding an alternative income stream. Has anyone taken up alternative work during this crisis, e.g. be a white van man? Would be interested to know - I need inspiration.
Thanks.Comment
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Originally posted by coolhandluke View PostOutside of London I'm seeing around 1 or 2 standard dev contracts a week, all at rubbish rates (£300 - £350). Lots of perm roles but all topping out at 75k, with most in the 50k to 60k range.
so I when saw the opportunity for a 80K, i bite my hand off for it.
for anyone who was interested, my role is not within the FS space. i found it more viable to go for a non-fs role as tend to pay a little bit more (quite ironic, I know, but in the tech landscape that's the way it is heading it looks like) and also can be more flexible in terms of negotiable.
As a technical person so as long as I had transferrable technical skills, switching businss industry is certainly not a huge problem.
Originally posted by coolhandluke View PostA few decent public sector roles at the DWP and MoJ but the application process is excruciatingly slow and requires page after page of documents and a covering letter detailing why you meet the 101 skills required.Comment
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Thoughts at the end of week one: As expected not great but possibly not as bad as I thought it might be. Seems to be little twitches of life out there.Comment
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Now that everyone around the world is adjusting to working from home office, has anyone checked markets overseas?
How they fare?Comment
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Originally posted by Excursion UK View PostWhat's the general feeling about an uptick in the dev market once restrictions have been lifted?
Originally posted by Excursion UK View PostI'm thinking I should be doing some damage limitation right now by finding an alternative income stream. Has anyone taken up alternative work during this crisis, e.g. be a white van man? Would be interested to know - I need inspiration.Comment
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