Why would any company pay £700/day for coding when I can get someone in Eastern Europe with 20yrs experience of C++, a Phd in computer languages and a "can do" attitude for £200/day?
Are these companies mad?
Are these companies mad?
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No. Several reasons really -Originally posted by King Cnvt View Post
- Rates in the range of £700 usually are from the investment banks. Its impractical for a project manager (or HR) from say - Goldman Sachs to find out that bright chap in eastern europe.
- Very high chances that the bright chap will not be clued in about the domain (this guy in London will be) and will be considerably slow initially. If the role requires interaction with the end users (traders, quants etc) then the manager can never hire this bright fellow.
- The guy in London speaks fluent English and that too matters to the manager especially if the the role requires interaction with business user.
- This chap in London is likely to have worked for the bank for a while and knows his way around the build team, compliance team, support junta, traders and other managers. This really increases his productivity and that too matters.
-- The guy in Lodnon is also likely to know the application (almost always legacy with years of changes by different programmers in it) well. Thats a very non portable local knowledge but can do wonders with your productivity.
Considering the IT budgets of the IBs (in good years), £700 a day for a few 'good' contractors is a piddly sum - as long as they deliver the goods.Comment
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