Cap Gemini (Aspire) / HMRC rate cut

[bobspud]

Unfortunately some scum bags will accept the lower rates and this will affect others in the industry.

Not as much as putting themselves on the bench. a company I know of are reducing their contractors from 58% of the workforce to under 25%. Looking at outsourcing and setting an upper limit of 275 per day for anyone lucky enough to still have a job... I'm told its announced but I'm still withholding the name in case there's a come back ...

[BolshieBastard]

Unfortunately some scum bags will accept the lower rates and this will affect others in the industry.

People arent 'scumbags' for having to accept a rate cut in the current market. You're talking tulip accusing people of that.

I walked at barclays when they introduced a rate cut of 20% back in 2001. I couldnt get another role for ******* months because the market started a downturn very soon after.

You may have a valid point about 'scumbags' when they severely undercut others at normal times but not in the current climate.

[TheFaQQer]

If no-one accepted a rate cut, then there would be no rate-cuts.

However, to call those that decide that the best thing to do is to take a cut "scumbags" is a bit far.

I don't think I'd accept, but that's just me - I'll find out in a few weeks how hard it is to find a job.

[PM-Junkie]

If no-one accepted a rate cut, then there would be no rate-cuts.

However, to call those that decide that the best thing to do is to take a cut "scumbags" is a bit far.

I don't think I'd accept, but that's just me - I'll find out in a few weeks how hard it is to find a job.

UK contractors

I suspect you are taking the mick. If you don't, then you clearly don't understand the first thing about how business operates these days.

[Grinder]

My perspective is that all my projects were cut before Christmas, so PM no longer needed. My client kept the technicians to maintain BAU. I am now entirely recumbent, wondering where all the jobs are hanging out.

I think its naive to think if no one takes a cut there wont be one. Companies are being hit hard - if they don't save money they will fail. I've heard of one company in my sector cutting rates by 20%, and rumours of another going to 4 day week (ie basically a 20% cut). Where I was, they just canned anything 'strategic', quoting a target of 25-50% cuts in IT.

The recession may not affect public sector as much (in fact the planned increase in government investment may improve things!), but rates across the IT industry will be affected.

Having said that, I applied for an Aspire role - offering to work for less due to not having worked within public sector (in fact my primary reason is because I'm local to one of the sites). Of course they weren't interested

[Flashman]

Not as much as putting themselves on the bench. a company I know of are reducing their contractors from 58% of the workforce to under 25%. Looking at outsourcing and setting an upper limit of 275 per day for anyone lucky enough to still have a job... I'm told its announced but I'm still withholding the name in case there's a come back ...

EDS?

[bobspud]

EDS?

Can't give the name out but no for a change its not them

[oracleslave]

Not as much as putting themselves on the bench. a company I know of are reducing their contractors from 58% of the workforce to under 25%. Looking at outsourcing and setting an upper limit of 275 per day for anyone lucky enough to still have a job... I'm told its announced but I'm still withholding the name in case there's a come back ...

I have a feeling I know who this is. Give us a clue.

[bobspud]

I have a feeling I know who this is. Give us a clue.

Financed based but not a bank

[oracleslave]

Financed based but not a bank

Not who I was thinking then