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State of the Market

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  • dsc
    replied
    Originally posted by BigDataPro View Post
    Since January I have applied for over 27 contract roles. Skill suitability varies between 80%-100%. Absolutely no reply received. May be agents are merely harvesting CVs.

    Yesterday out of the blue received a message on Linkedin from an unknown recruiter. 100% matching skills. Fully Remote. The rate is about a £1 more than I got in 2004. It's £275. Outside IR35. I have said Yes.

    Better to be earning than doing nothing. Besides, I want to grab it before some one from overseas quote a lower rate.
    Good move imho, I'm just wondering how probable is it that whoever is hiring has a hiring freeze and can only take contractors? if that's true, then they might've just said well we would pay X per year in salary / taxes, which equates to...£275 per day, throw in outside to attract more people and bam you have yourself an ad.

    The reason I'm saying the above, is that I did a contract once for similar rate at an old employer. Salary back then was around 40k, from what I gather employer costs would be times 1.7, so around 70k. If you take the £275 rate and multiply by 260, you get 71k, so pretty much bang on. They probably need someone, but can't take on a permie and are offering a low ball contract.
    Last edited by dsc; 25 January 2024, 15:30.

    Leave a comment:


  • edison
    replied
    Originally posted by BigDataPro View Post
    Since January I have applied for over 27 contract roles. Skill suitability varies between 80%-100%. Absolutely no reply received. May be agents are merely harvesting CVs.

    Yesterday out of the blue received a message on Linkedin from an unknown recruiter. 100% matching skills. Fully Remote. The rate is about a £1 more than I got in 2004. It's £275. Outside IR35. I have said Yes.

    Better to be earning than doing nothing. Besides, I want to grab it before some one from overseas quote a lower rate.
    At least you got something but how depressing at the same time.

    In the past I've usually been selective in that I find my opportunities through contacts at about 25 recruiters plus my network. That's all dried up so it's becoming a numbers game and I'm targeting a much bigger pool of agents and lower roles now.

    Leave a comment:


  • oliverson
    replied
    Originally posted by Unix View Post
    Just been told Im being extended for another 6 months, quite relieved as it's pretty dead out there.
    Congrats

    Leave a comment:


  • jamesbrown
    replied
    Originally posted by BigDataPro View Post
    Since January I have applied for over 27 contract roles. Skill suitability varies between 80%-100%. Absolutely no reply received. May be agents are merely harvesting CVs.

    Yesterday out of the blue received a message on Linkedin from an unknown recruiter. 100% matching skills. Fully Remote. The rate is about a £1 more than I got in 2004. It's £275. Outside IR35. I have said Yes.

    Better to be earning than doing nothing. Besides, I want to grab it before some one from overseas quote a lower rate.
    Yep, better earning. 'ave a banana

    Leave a comment:


  • Unix
    replied
    Just been told Im being extended for another 6 months, quite relieved as it's pretty dead out there.

    Leave a comment:


  • Snooky
    replied
    Originally posted by BigDataPro View Post
    Since January I have applied for over 27 contract roles. Skill suitability varies between 80%-100%. Absolutely no reply received. May be agents are merely harvesting CVs.

    Yesterday out of the blue received a message on Linkedin from an unknown recruiter. 100% matching skills. Fully Remote. The rate is about a £1 more than I got in 2004. It's £275. Outside IR35. I have said Yes.

    Better to be earning than doing nothing. Besides, I want to grab it before some one from overseas quote a lower rate.
    Good thinking. The best time to be looking for a new role is when you already have one and aren't so desperate so, once you're in there, you can keep looking elsewhere.

    Leave a comment:


  • BigDataPro
    replied
    Since January I have applied for over 27 contract roles. Skill suitability varies between 80%-100%. Absolutely no reply received. May be agents are merely harvesting CVs.

    Yesterday out of the blue received a message on Linkedin from an unknown recruiter. 100% matching skills. Fully Remote. The rate is about a £1 more than I got in 2004. It's £275. Outside IR35. I have said Yes.

    Better to be earning than doing nothing. Besides, I want to grab it before some one from overseas quote a lower rate.

    Leave a comment:


  • eek
    replied
    Originally posted by eek View Post
    In other news - someone who knows the recruitment market is saying that Contract work is doing way better than permanent recruitment
    Originally posted by SussexSeagull View Post

    Are Umbrellas allowed to pay less than minimum wage? Never worked for one but a cursory Google suggests they can charge £20-£30 a week, which is getting close to it.
    Nope - don’t have current amount to hand but from April the minimum that an umbrella needs is £15.04 which is enough to cover margin because of the way employer NI works.

    Leave a comment:


  • SussexSeagull
    replied
    Originally posted by Destiny2 View Post
    Temporary Second Line Helpdesk Agent required end date 31/03/24

    Watford, Hertfordshire - 12.31 Hourly

    Inside IR35 most likely. Getting close to minimum wages now!
    Are Umbrellas allowed to pay less than minimum wage? Never worked for one but a cursory Google suggests they can charge £20-£30 a week, which is getting close to it.

    Leave a comment:


  • Destiny2
    replied
    Temporary Second Line Helpdesk Agent required end date 31/03/24

    Watford, Hertfordshire - 12.31 Hourly

    Inside IR35 most likely. Getting close to minimum wages now!

    Leave a comment:

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