What a set of Bankers!

[northernladuk]

Be thankful that the era of mid contract rate cuts seem to have ended. That said the rates at Barclays for a few years after were so bad even a 10% cut wouldn't make a difference. Not sure about the rest of the market.

http://www.egos.co.uk/contract-breakers.htm

[oliverson]

Be thankful that the era of mid contract rate cuts seem to have ended. That said the rates at Barclays for a few years after were so bad even a 10% cut wouldn't make a difference. Not sure about the rest of the market.

http://www.egos.co.uk/contract-breakers.htm

I remember them cutting rates twice while I was on my second stint there (2012-14). I left shortly after the second one, and in fact that was the last investment banking contract I ever had.

An extract from that egos page, as if to support my claims some people might find this thread useful:

"‘I take the contents of this page into account when I consider what agency to apply through for roles, or if I will accept roles from clients when their identities are known to me. Thanks for maintaining it and do keep it up!’|

[jmo21]

Just had this in public sector, except 15 days off across June-August.

Only found out when I got back from 2 weeks off (11 working days) yesterday.

[mogga71]

That's what I thought. From what I remember the same was requested by Barclays back in the day.

Xmas furlough is nothing new in any sector. Banking, retail, utilities, even public sector clients I've been at usually have some kind of xmas break.

Old posts discussion this are;-
From 2018
https://forums.contractoruk.com/gene...hs-2018-a.html

2016
https://forums.contractoruk.com/acco...-furlough.html

2017
https://forums.contractoruk.com/busi...ml#post2392042

and so on.....

It all depends on the Bank and the department in the Bank. I could quite easily have worked every day last year (apart from Bank Holidays). Indeed my ex-colleague did exactly that. We are so understaffed ... especially on Prod Support ... that our management are happy for us to work every day. This is totally different from the first few years that I was at the bank when we had to take furloughs.

[northernladuk]

It all depends on the Bank and the department in the Bank. I could quite easily have worked every day last year (apart from Bank Holidays). Indeed my ex-colleague did exactly that. We are so understaffed ... especially on Prod Support ... that our management are happy for us to work every day. This is totally different from the first few years that I was at the bank when we had to take furloughs.

There is that. Most places I've worked at over xmas have had a furlough but I've been able to work most of it due to project timelines. Even got extra days in inbetween xmas on at least one. It's not cast in stone as you say but it's a baseline and you have to hope your project is exempt.

[avonleigh]

Never worked in banking but two weeks off at Christmas is normal. regardless of industry. Is taking two weeks off during the summer a big deal either?

[northernladuk]

Never worked in banking but two weeks off at Christmas is normal. regardless of industry. Is taking two weeks off during the summer a big deal either?

To be fair if it was at a time I could book a family holiday it would be the best holiday ever. No sulking all week thinking about how much I'm not earning and how much the holiday has actually cost me. I could actually relax and know that all it cost me was what I paid for it. Bliss.

[northernladuk]

Never worked in banking but two weeks off at Christmas is normal. regardless of industry. Is taking two weeks off during the summer a big deal either?

To be fair if it was at a time I could book a family holiday it would be the best holiday ever. No sulking all week thinking about how much I'm not earning and how much the holiday has actually cost me. I could actually relax and know that all it cost me was what I paid for it. Bliss.

[oliverson]

Never worked in banking but two weeks off at Christmas is normal. regardless of industry. Is taking two weeks off during the summer a big deal either?

For somebody who's had fair share of bad luck / bench time in recent years and needs the cash, then yeah.

[mattster]

Some regulated businesses have a requirement for 'block leave' - a full week off with access to company systems unavailable during that time.
That's permies only though.
This just sounds like they're ensuring that contractors have time off when business is traditionally quieter.

My bank has a "mandatory leave" requirement for all staff, permanent or contract - 10 business days consecutively with no access to any system. Everyone has to do this once a year but there is no stipulation on when. It is supposedly some kind of fraud/inside job mitigation.