State of the Market

[Lance]

Anyone had any thoughts on the upcoming negative interest rates? I haven't done a huge amount in the financial world but none of the systems I've worked on has handled the scenario.

Or will this kind if work be easily weapped up and sent over to India?

what do you think would need to be done?
The banks aren't going to pass that on to the consumers. It's just a back door devaluation of the £

[Gould The Swimmer]

Will be a mix. Most of the work will be shipped to India; the remaining will stay in the uk but will be done by Indian workers coming over for a 25k a year salary.

Yes, I was also wondering where that flood of compliance work for Brexit ended up. Never saw anything in my inbox. There were thise saying it was going to be the new Y2K

[PerfectStorm]

Some "inside IR35 £400" type work being touted today. Said no thank you. We'll get these low ball offers same as last year I'd imagine before companies either realise that they can work outside of IR35 (contrary to the terrible advice they've been getting) or up their rates a fair bit.

[velcro]

I had two low ball offers come in yesterday, both of them FTC Inside IR35. First one at £20.80 per hour PAYE, and the other was at £17.50 PAYE or £23 via brolly.... I had to check it wasn't 1st of April

[edison]

The red flag is due to the perception that, as soon as you can, you'll up sticks and leave. There's also a concern that an ex-contractor is less likely to drink the corporate cool-aid and potentially not fit in (although a key skill of a contractor is an ability to fit in, but hey ho).

If going for a perm role, think about how you're presenting yourself and the reasons you're giving them for why you want to make the switch. In all honesty, you're going for perm because the contract market has tanked but you don't tell the recruiter that. Research the corporate values and use those to guide what you need to say to convince them you're not going to leg it.

This is a difficult question that comes up a lot. The best suggestion I got was from a headhunter coach. She advised that I talk about wanting to leave a more significant legacy which would be more likely via a longer term perm role than just 12-15 months which was the typical length of my contracts. This was in the context of IT Director roles, it might not work for all levels.

[eek]

This is a difficult question that comes up a lot. The best suggestion I got was from a headhunter coach. She advised that I talk about wanting to leave a more significant legacy which would be more likely via a longer term perm role than just 12-15 months which was the typical length of my contracts. This was in the context of IT Director roles, it might not work for all levels.

Yep - that would work for me were I looking for a job at an end client (i.e. not a consultancy). - I want to do more than develop the new systems I would prefer to ensure they are fully bedded in and to do that requires a permanent job.

[uk contractor]

Orgtel have this role do not bother applying UNLESS you tick all the boxes though!

" Myclient within Investment banking are looking for a etrading support specialistto join their team. The role will be working within front office support fixedincome function.

Requiredexperience
•Supporting trading desks in large Investment Banks
•ION Marketview
•SQL, Unix
•working with front office stakeholders

Thisrole will be a 6 month contract paying £680 umbrella (564 PAYE).

Therole will be initially fully remote due to covid restrictions with return tothe London office inline with gov guidelines.

Ifthis role is of interest please reply with your up to date CV and I will be intouch if suitable "

[Fraidycat]

[QUOTE=uk contractor;2862378]Thisrole will be a 6 month contract paying £680 umbrella (564 PAYE). [/FONT]

How does £680 umbrella become 564 PAYE?, employer NICs and umbrella fee seem a bit high at £117??

[eek]

Thisrole will be a 6 month contract paying £680 umbrella (564 PAYE).

How does £680 umbrella become 564 PAYE?, employer NICs isnt that much.

Holiday pay (Umbrellas can pay it in advance, PAYE and you can't).

[uk contractor]

[QUOTE=Fraidycat;2862436]

Thisrole will be a 6 month contract paying £680 umbrella (564 PAYE). [/FONT]

How does £680 umbrella become 564 PAYE?, employer NICs and umbrella fee seem a bit high at £117??

I would concentrate more on the ION Marketview experience part..that's a direct access to the market trading platform the big boys at the top of the trading tree use! Agents & clients must get amused when candidates try to blag that!!