State of the Market

[simes]

There are a large amount of high skilled professionals turning to minimum paid jobs sadly at the moment.

I had an interview yesterday with an Investment Bank for a 12 month FTC which went really well & they really liked me alot. But at the end of the interview I got the standard "This role has attracted alot of interest, we will be doing more first round interviews over the next few weeks and after that we will be conducting a set of final round interviews."

The role needs to start by end of September, yet they're still planning circa 3 weeks of interviews + investment bank on-boarding time (which is always an eternity)....sigh

So blatantly obvious that they're going to pick the 2-3 best candidates then take the cheapest option. Maybe if I offer to work for minimum wage, they will cancel the hiring process and send me the contract tomorrow!

Is it then worth asking at the end of the interview, 'If there are no objections or questions left unanswered, what can we do to mitigate any more interviews? If it's rate related, what can I offer? If we agree, I would expect a contract for signing by end today.'

Really not sure if this could ever work, especially in Finance, but is it worth a stab?

[SussexSeagull]

Been very quiet this week. Suspect it needs the kids back in school to pick up at all.

[sira]

Is it then worth asking at the end of the interview, 'If there are no objections or questions left unanswered, what can we do to mitigate any more interviews? If it's rate related, what can I offer? If we agree, I would expect a contract for signing by end today.'

Really not sure if this could ever work, especially in Finance, but is it worth a stab?

Unlikely to fly with investment banks imo. I thought it was generally frowned upon to talk about money during interviews unless expressly asked?

[oliverson]

My plan was to take 3-4 months off when last contract finished (end February), due to IR35. Recharge my batteries, work on a plan B, etc. I've kind of done that now (plan B still requires much work) and feel the need to return to contracting and get some money coming in. As expected, market is utter tulipe with low rates, inside IR35, no PSC's, etc. Will it pick up in September when the 'decision makers are back from holiday' as per usual at this time of year? I'm really not sure this time.

[simes]

Unlikely to fly with investment banks imo. I thought it was generally frowned upon to talk about money during interviews unless expressly asked?

Quite possibly. Mine was probably more indicative of desperation than sense.

That said, difficult to be in 'business' for oneself and Not talk about money.

[PCTNN]

Will it pick up in September when the 'decision makers are back from holiday' as per usual at this time of year?

No, it won't pick up because September is basically christmas and nobody hires in christmas

[sira]

Quite possibly. Mine was probably more indicative of desperation than sense.

That said, difficult to be in 'business' for oneself and Not talk about money.

On that note...

Does anyone else think the government is doing hardly anything to stimulate the jobs market? I mean...they've done almost nothing.

Were heading towards winter, with the furlough scheme finishing, brexit, IR35, Covid-19 and still **** all from Boris.

If ever there was a time for a radical policy, now is the time.

[oliverson]

No, it won't pick up because September is basically christmas and nobody hires in christmas

Stupid answer, Christmas is miles away.

Over my 16 year contracting stint, September to November inclusive have always been the best months.

[simes]

On that note...

Does anyone else think the government is doing hardly anything to stimulate the jobs market? I mean...they've done almost nothing.

Were heading towards winter, with the furlough scheme finishing, brexit, IR35, Covid-19 and still **** all from Boris.

If ever there was a time for a radical policy, now is the time.

To be fair, before market stimulation occurs, I believe they must wait to see how lock downs being lifted affect Life. Because if we all go back into lock down, I'm not sure what could be done aside from Help to Eat type thrusts.

As for IR35, Boris is a believer in it being in place from April 21 so I'm not sure what 'help' we can expect from his quarter.

[PCTNN]

Stupid answer, Christmas is miles away.

Over my 16 year contracting stint, September to November inclusive have always been the best months.

should we be able to add a sarcasm tag to posts so also simpletons like yourself will get it?