Originally posted by JustKeepSwimming
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State of the Market
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Originally posted by TheDude View Post
If your client is a bank they will ask you to justify any CV gaps over three months and they will check all references for proof of tenure.
What vetting is doing with gaps is wanting to make sure you weren't banged up in Manilla for wire fraud. Bank statement showing normal purchases over the period would be sufficient.Comment
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Originally posted by KinooOrKinog View Post
Not really. It's not as simple as 'just go perm for a while, problem solved!'. It's also going to be twice as difficult going back to contracting. If I'm going to make the decision to go perm, it's going to have to be for good, so it would be a last resort for me.Comment
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Originally posted by dsc View Post
In that case wouldn't it be better to go perm for 1-2 years and then assess what the market is like? or is perm also dead atm?
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Originally posted by Bluenose View Post
Perm is never dead its just a question of how little you want to be paid.
Still being paid less is still better than being benched for 12 months earning a big fat £0 per day.Comment
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Originally posted by Bluenose View PostPerm is never dead its just a question of how little you want to be paid.Last edited by Fraidycat; 20 June 2023, 14:00.Comment
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Originally posted by gables View Post
That's not my experience... went perm in Jan 2020 then back to contracting in May 2022 without any issues or gap.If you don't have anything nice to say, say it sarcasticallyComment
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Inflation numbers this morning were higher than expected. Core inflation increased to 7.1%, a 30 year high.
2 year Gilts back above 5%, FTSE 250 is tanking.
BOE base rate is heading to 6% and maybe even higher.
"Rates are expected to keep rising into 2024, with a strong chance of hitting 6.25%"
This Bear market for contractors could last another 18 months, with the worst yet to come
This feels like the slow down i remember from 1991 to 1994. Which to me felt like a longer bear market for IT jobs than either 2001 and 2008.
Last edited by Fraidycat; 21 June 2023, 08:15.Comment
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Core inflation increase is worrying. Question is what BoE does now, another 0.25% "hike"? then again loads of people are mortgaged up to their teeth, so...
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Originally posted by dsc View PostCore inflation increase is worrying. Question is what BoE does now, another 0.25% "hike"? then again loads of people are mortgaged up to their teeth, so...Comment
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