The Spring group (aka Hyphen) - AVOID IF YOU CAN

[en184]

Hyphen underhand tactics - rate reduction after 1 month !!! Scam

After 1 month.... Yes.. Go to hell Hyphen.

From: Hyphen <BIG BANK@hyphen.com>
To:
Sent: Friday, November 25, 2011 4:00 PM
Subject: Important Information regarding contract at xxx Banking Group

Dear Contractor,

As you are aware, the UK economy is experiencing unprecedented volatility and extreme market conditions. Lloyds Banking Group continually monitors the operational costs of contractor resource and following a recent review, Group IT have instructed us that they will reduce their IT Contractor costs.

In order to achieve this, Group IT with Insurance and Wholesale will initiate a 10% reduction to all contractor pay rates. This reduction will affect your daily rate and any overtime payments that are driven from this rate. Changes to pay rates will be effective from 1 January 2012, all other terms will remain the same.

Please take this email as notification that your official notice period of your current contractual terms will commence on 1 December 2011 and therefore your current contractual terms will terminate on 31 December 2011.



In order to receive a letter amending your contract in a timely fashion we will require your email acceptance of these terms by Wednesday 30 November using the accept button. You will then receive an amended letter via the contractor portal. It is essential that you accept the amendments before 31 December 2011 in order to ensure continued payment. Changes to pay rates will be effective from 1 January 2012.



If you decide to decline these new terms we will require you to respond to this email using the reject button. Your contract will then terminate, per the notice period, on 31 December 2011.

This adjustment is not a reflection of the perceived quality or value of your contributions to date, but is a response to current market events and Lloyds Banking Group focus on cost management.



Kind Regards

Direct Delivery Team
HYPHEN

[TheFaQQer]

I am quitting Spring Hyphen after only 1 month. They are a dishonest bunch, and try to renegotiate my contract after 1 month.

No, the client forced a 10% rate cut on all their contractors - there are one or two threads about it kicking about.

Blame the agency all you want, but it's nothing to do with them - good on you for walking from the client with your head held high, though.

[en184]

No, the client forced a 10% rate cut on all their contractors - there are one or two threads about it kicking about.

Blame the agency all you want, but it's nothing to do with them - good on you for walking from the client with your head held high, though.

HYPEN and LLOYDS are in a Conspiracy against the contractor.

[stek]

HYPEN and LLOYDS are in a Conspiracy against the contractor.

You have an employee mindset I'm afraid, your type of thinking gives us proper contractors plenty of scraps to pickup, thanks!

One benefit of these cuts etc means the chaff is weeded out into permiedom due to sheer panic and blaming-syndrome, which eventually drives rates up for the proper contractor, which is me and one or two others here, I rest my case and my pint glass....

[northernladuk]

HYPEN and LLOYDS are in a Conspiracy against the contractor.

I take it you hit the reject button? Didn't think so.

You are not cut out to be a contractor, go permie... or whatever I say.

[stek]

You are not cut out to be a contractor, go permie... or whatever I say.

I just agreed with you before you posted! Maybe we should go for that Manchester pint you keep PM'ing me about, not sure about that Canal Street place you keep insisting on tho....

[TheFaQQer]

HYPEN and LLOYDS are in a Conspiracy against the contractor.

No, they aren't.

[en184]

I take it you hit the reject button? Didn't think so.

You are not cut out to be a contractor, go permie... or whatever I say.

I hit reject, and brought up the subject with my boss and line manager immediately, informing them, I will leave and they can look for a replacement from various consultancies.. After 1 hour, I got a text instructing me to reject, and that the issue will be escalated..

[northernladuk]

The weird.. and very sad thing about this is. By throwing your teddy out of the cot and walking out of a role in to nothing just because you are mad might actually mean you avoid getting your rate cut. The method of going about it was highly questionable though.

[Wanderer]

I hit reject, and brought up the subject with my boss and line manager immediately, informing them, I will leave and they can look for a replacement from various consultancies.. After 1 hour, I got a text instructing me to reject, and that the issue will be escalated..

So much for "across the board" pay cuts. I guess they think that at least 80% of the contractors are going to bend over and take it so it's worthwhile doing. Moral of the story - don't ever try to negotiate this stuff with the agent because they can't do tulip. Talk to the client and you will get something done.

Time to fight back, folks.