State of the Market

[Fraidycat]

I am extremely grateful to be earning again. My ego has taken a bit of a kicking but at least I will not be burning through my savings and I hopefully have a bit of time to work out how to position myself for the new future we are all facing.

Do you think you will work just as hard as when you were earning double the rate?

I struggle to do so in my current permi role.

The fear of not get renewed no longer exists.

As a contractor I worked hard to get those renewals, and try and last multiple years at the same client, and I think having long contract stints really helped me when going for perm roles.

But after my probation period ended in this current permie role I started coasting and doing the bare minimum

I like the role, it is enjoyable work, but there is no real motivation to work harder than the bare minimum and being 100% remote it is easy to get distracted.

"Its not that im lazy, its just that I dont care"

[willendure]

"Its not that im lazy, its just that I dont care"

Often as a contractor I sometimes find myself not caring - when it gets to the point that the end client is asking you to do stupid things and not listening any more. But even then I cared about presenting myself professionally, doing a great job, and not being seen to be the one that let things down and then leaving whilst my reputation is still intact. Different I think when you are the end client and an integral part of an orginisation that is just coasting. That must really sap the life out of you.

[sadkingbilly]

As a contractor I worked hard to get those renewals, and try and last multiple years at the same client

wow, i bet HMRC loves you.

[TheScheduler]

Silly season in full swing....

Full Stack Engineer (Angular + Java + AWS) Start: ASAP Duration: 3 months Rate: up to £270 p/day (inside IR35)

[oliverson]

[Dorkeaux]

I "enjoy" the postings of lowball rates as much as anyone.
Like ghost stories to make the flesh creep.

Approaching semi-retirement, this forum has influenced me enough that I am starting to wind up my company and take my roles via an umbrella company.

Doing the maths, maxing out my salary sacrifice contribution to my SIPP in exchange for less risk on my way out seems like a good trade off.

but now of course I'm seeing a sharp uptick in outside contracts paying decent rates in my field. And the Labour government is making noises about "regulating" the umbrella companies.

Anyone have regrets about BADRing their company?

[oliverson]

I "enjoy" the postings of lowball rates as much as anyone.
Like ghost stories to make the flesh creep.

Approaching semi-retirement, this forum has influenced me enough that I am starting to wind up my company and take my roles via an umbrella company.

Doing the maths, maxing out my salary sacrifice contribution to my SIPP in exchange for less risk on my way out seems like a good trade off.

but now of course I'm seeing a sharp uptick in outside contracts paying decent rates in my field. And the Labour government is making noises about "regulating" the umbrella companies.

Anyone have regrets about BADRing their company?

The thing is, if the rumours regarding increasing dividend tax rates to match conventional income tax rates at the next budget comes true, there'll be a flood of applicants for those inside roles, and a raft of contractors closing their Ltd's. Probably an impact on those inside day rates too.

Future is looking very bleak indeed.

[Dorkeaux]

Respect for the experiences of the forum members, and empathy for those that are finding the market harsh, truly.

I was on an other forum concerning house prices for years. HPC.
The tales of doom about house prices and the inevitable crash influenced me to continue renting for a long time.

If it wasn't for my wife, I'd be living in a tent. We have a house now.. I guess what I'm saying is that there is still a market, and some juice left in it.

I really don't know what the secret sauce is, other than what I've already posted, still trying to figure it out.

[Protagoras]

The thing is, if the rumours regarding increasing dividend tax rates to match conventional income tax rates at the next budget comes true, there'll be a flood of applicants for those inside roles, and a raft of contractors closing their Ltd's.

I reckon that those who can will still prefer 'outside' roles, since this provides expenses, training costs, the ability to 'bank' funds etc.

Future is looking very bleak indeed.

100%, on so many fronts.

[Protagoras]

Respect for the experiences of the forum members, and empathy for those that are finding the market harsh, truly.

I was on an other forum concerning house prices for years. HPC.
The tales of doom about house prices and the inevitable crash influenced me to continue renting for a long time.

If it wasn't for my wife, I'd be living in a tent. We have a house now.. I guess what I'm saying is that there is still a market, and some juice left in it.

I really don't know what the secret sauce is, other than what I've already posted, still trying to figure it out.

Spent many years on HPC and still don't really understand where young couples get the funds for their 'executive slave-boxes' and two lease cars. People I speak to don't understand this either, but the new estates just keep expanding.