Cap Gemini (Aspire) / HMRC rate cut

[Billy Pilgrim]

Is this

http://www.theregister.co.uk/2009/01..._revenue_cuts/

going to affect anyone then?

Not been home for a week or so so expect a lovely letter waiting for my on my arrival tomorrow night...which will be popped straight into the bin I think.

Mind you ... I have nowt to do with Elan so that could be a GOOD thing ???

[Durbs]

To be fair to Elan though i dont see what they could have done otherwise?

[Billy Pilgrim]

Well if Cap want to make 15% savings it doesn't all have to be my money does it

I'm happier with a 5% cut if agancy took the rest

[BoredBloke]

I like this bit

"The current economic climate means that the market rates for contract resources has dropped due to the reduced demand for contractors"

So when the market picks up presumably they will be happy to up their rates then based on the increased demand for contractors

[expat]

Well if Cap want to make 15% savings it doesn't all have to be my money does it

I'm happier with a 5% cut if agancy took the rest

Er, if the client cuts the agency's rate by 15%, and the agency cuts your rate by 15%, then the agency is taking a 15% hit.

[Billy Pilgrim]

Er, if the client cuts the agency's rate by 15%, and the agency cuts your rate by 15%, then the agency is taking a 15% hit.

If the client cuts the agent's rate by 15% and they cut mine by 0% then I'm not taking a hit though am I.....

If they cut mine by 5% then I'm taking a smaller hit...and they are making less, but they are still making something

[expat]

I like this bit

"The current economic climate means that the market rates for contract resources has dropped due to the reduced demand for contractors"

So when the market picks up presumably they will be happy to up their rates then based on the increased demand for contractors

No doubt about it!

Actually we all must do that. In contracting, you are only worth what you can get. If we don't put our rates up in good times, who else will?

[NickNick]

No doubt about it!

Actually we all must do that. In contracting, you are only worth what you can get. If we don't put our rates up in good times, who else will?

In that case we must be in good times as I've just upped my rate by 15%.

[bobspud]

I heard some very bad news through a closed source last night. (not hmrc related) But if the company in question goes through with the sort of figures that were used, then its going to make 15% look pretty good

[Paddy]

HMCR have made the contract with Cap Gemini a long time before the recession and the payments from HMCR to Cap Gemini have not been reduced. It appears that Cap Gemini is trying to save money on this contract in order to offset losses on other contracts. Unfortunately some scum bags will accept the lower rates and this will affect others in the industry.