My client are now starting to switch their contractors to FTC.
I heard a rumour about this possibility 3 months ago. Today I got confirmation of a PM being offered FTC only at renewal.
Apparently this will be direct. So I guess the agency will require a bung.
I don't know if the rate is going to be competitive, but I doubt it.
Makes no odds to me as I'm done in a few weeks and I'll not be taking a renewal. So pretty good timing for me.
What I don't get is what businesses think they'll gain.
I assume that it'll be PAYE and therefore sick/holiday pay on tops of employer NICs. So they're going to have to pay less to the contractor to make it cost neutral (or less).
Do they think the market is so bad that people will accept this? Or has some berk in HR come up with a cunning plan? Or are the deluded enough to think that an FTC offers some form of job security?
I heard a rumour about this possibility 3 months ago. Today I got confirmation of a PM being offered FTC only at renewal.
Apparently this will be direct. So I guess the agency will require a bung.
I don't know if the rate is going to be competitive, but I doubt it.
Makes no odds to me as I'm done in a few weeks and I'll not be taking a renewal. So pretty good timing for me.
What I don't get is what businesses think they'll gain.
I assume that it'll be PAYE and therefore sick/holiday pay on tops of employer NICs. So they're going to have to pay less to the contractor to make it cost neutral (or less).
Do they think the market is so bad that people will accept this? Or has some berk in HR come up with a cunning plan? Or are the deluded enough to think that an FTC offers some form of job security?
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