Fixed term contracts

[northernladuk]

Here is the link for all the FTC discussions on here.. And there are a lot of them.
https://www.google.com/search?client....0.QXDIp-QJfp8

[jmo21]

Always thought these should be called "Short Term Employment".

And they are often not as well paid as the equivalent normal permanent job.

This might just be me, but I get a bad feeling about companies that use those contract as well.

[northernladuk]

Always thought these should be called "Short Term Employment".

Well the official title according the Gov website is Fixed-term employment contracts so it does have the work employment in. Fixed term, short term. Both the same thing really. They can last up to two years so 'short' is up for discussion.

And they are often not as well paid as the equivalent normal permanent job.

This might just be me, but I get a bad feeling about companies that use those contract as well.

It's the only way you can get taken on by the civil service and becoming much more popular. It's win win for the company (if you are happy to ignore intangibles like employee satisfaction, knowledge retention and all that) so it's going to become more popular. They are a bit of a disgrace if you ask me though. Permies, just don't think this way so very unfair to lump this on them. I know a couple of people at my PS client that are quite happily plodding along in their contract completely oblivious it's likely they will be out of work again in 4 months. Those that did get caught by it were really upset in some cases. Tears, upset etc etc.. Not nice for them at all... To be fair though, they weren't exactly the cream of the crop but still, not a great situation for anyone.

[psychocandy]

FTC - short for "***** that crap".

All of the drawbacks of contracting with none of the benefits.

Of course, if you're desperate then someone will take me. But never ceases to amaze me how organisations really think they'll get someone decent like this. Yes queuing up for £30Kpa pro rata for 6 months and then be out on my arse anyway.

[m0n1k3r]

Why would anyone take this contract?

Sometimes people have no choice.....

Some employers don't want to deal with umbrella companies and take on contractors without limited company as FTC employees instead.

If they work with the public sector then that may even be required.

[m0n1k3r]

FTC means that you are treated as an employee for tax purposes and may or may not receive the same rights as an employee. Being an employee you of course will not be being paid the £400 or so a day a contractor charges but receiving the equivalent annual salary their employees receive...

TLDR version It is a FTC contract paid as if you were an employee but probably without the benefits employees receive.

A FTC is a permanent contract but with a termination event specified in the contract, such as the end of a project, a specific date or something similar. If it goes on for more than two years then the termination event ceases to exist and it turns into a standard permanent employment. An FTC employee has the same benefits that any permanent employee would have, save for during any probation period.

[eek]

A FTC is a permanent contract but with a termination event specified in the contract, such as the end of a project, a specific date or something similar. If it goes on for more than two years then the termination event ceases to exist and it turns into a standard permanent employment. An FTC employee has the same benefits that any permanent employee would have, save for during any probation period.

You only have the terms and conditions including benefits that are set out in the contract you sign. That doesn't mean that you have the same terms and conditions as others have (even permanent employees doing the same job as you who started at the same time as you)....

[northernladuk]

You only have the terms and conditions including benefits that are set out in the contract you sign. That doesn't mean that you have the same terms and conditions as others have (even permanent employees doing the same job as you who started at the same time as you)....

Indeed. Had a friend on a FTC for BUPA and they she certainly did not get the full healthcare package the permies got.