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

[en184]

Hyphen and Lloyds agreed internal policy -

For engagements with a planned tenure of less than 6 months, agreement must be concluded with the candidate at time of hire that any extension beyond 6 months will only be granted on the basis of a 10% reduction

For engagements with a planned tenure of above six months or more, HYPHEN will adjust the sourcing rate to be 10% below the rate card.... For longer tenures, a greater reduction should be considered.

For extensions, HYPHEN will advise candidates following approval about the 10% rate reduction.

Exceptions
Critical contractors..

[Wanderer]

For engagements with a planned tenure of less than 6 months, agreement must be concluded with the candidate at time of hire that any extension beyond 6 months will only be granted on the basis of a 10% reduction

Strangely, the agency "forgets" to tell the contractor about the 10% pay cut at 6 months until the last minute....

[en184]

Full text of hires and extension process hyphen / lloyds

IT CONTRACTORS

REQUIREMENTS

NEW HIRES
- Day rates will be strictly guided by the rate card
- For engagements with a planned tenure of less than 6 months, agreement must be concluded with the candidate at the time of hire that any extension beyond 6 months, irrespective of any change in role, will only be granted on the basis of a 10% reduction in daily rate

- For engagements with a planned tenure of 6 months or more HYPHEN will adjust the sourcing rate to be 10% below the rate card ... For longer tenures, a greater deduction should be considered.

INCUMBENT CONTRACTORS
- Any extension beyond the current planned engagement expiry date will be undertaken only on the basis that a 10% reduction in day rate applied for the extended tenure

Process

The existing approval and recruitment process using the people click system will engage withe the HYPHEN managed service for submission of requests to remain in force.

For new hires, of over 6 months, HYPHEN will set the rate card 10% below normal. For extensions, again, the service desk will advise candidates following approval that the extension will be subject to rate reduction.

Exceptions
Where the individual declines the reduction, or the business defines the individuals role as sufficiently critical to warrant not applying the reduction, an exception form must be completed. Full details must be included to allow authorising parties to make a valid and robust judgement on the rational for exemption. The hiring manager, the HR rep, the directorate head and the function must approve the exemption. Thereafter it will form part of the submission through the cost management unit process for final evaluation by cost forum..

As contractors are sourced through an agency, only the agency should have discussions with the individuals regarding their pay rates.

Sufficient time must be allowed to progress these approval stages, without which it is not permitted to onboard the contractor or to retain them in the business. The HYPHEN dek will continue to ussue reminders prior to scheduled engagement expiry.

Local review and approval processes will be implemented however the principles of rate reduction programn and the absolute requirement for exemptions to be sanctioned by cost forum will not vary.

IN FLIGHT APPROVALS
As there are requests for new hires and extensions in hand, please note that

- Contractor new hired and extensions for august, agreed through Cost board, will be unaffected and will proceed without application of reduction at this time
- All new hires initiated from 9th august and not previously approved by cost board will be subject to the rate reduction process
- All extensions due for Sept onwards, regardless of whether they have been approved by cost board or not, that have not already completed with the supplier / contractor will be subject to rate reduction (unless approved through the exceptions process)


Yes, there is a conspiracy between HYPHEN and LLOYDS against the small contractor.

[stek]

IT CONTRACTORS

REQUIREMENTS

NEW HIRES
- Day rates will be strictly guided by the rate card
- For engagements with a planned tenure of less than 6 months, agreement must be concluded with the candidate at the time of hire that any extension beyond 6 months, irrespective of any change in role, will only be granted on the basis of a 10% reduction in daily rate

- For engagements with a planned tenure of 6 months or more HYPHEN will adjust the sourcing rate to be 10% below the rate card ... For longer tenures, a greater deduction should be considered.

INCUMBENT CONTRACTORS
- Any extension beyond the current planned engagement expiry date will be undertaken only on the basis that a 10% reduction in day rate applied for the extended tenure

Process

The existing approval and recruitment process using the people click system will engage withe the HYPHEN managed service for submission of requests to remain in force.

For new hires, of over 6 months, HYPHEN will set the rate card 10% below normal. For extensions, again, the service desk will advise candidates following approval that the extension will be subject to rate reduction.

Exceptions
Where the individual declines the reduction, or the business defines the individuals role as sufficiently critical to warrant not applying the reduction, an exception form must be completed. Full details must be included to allow authorising parties to make a valid and robust judgement on the rational for exemption. The hiring manager, the HR rep, the directorate head and the function must approve the exemption. Thereafter it will form part of the submission through the cost management unit process for final evaluation by cost forum..

As contractors are sourced through an agency, only the agency should have discussions with the individuals regarding their pay rates.

Sufficient time must be allowed to progress these approval stages, without which it is not permitted to onboard the contractor or to retain them in the business. The HYPHEN dek will continue to ussue reminders prior to scheduled engagement expiry.

Local review and approval processes will be implemented however the principles of rate reduction programn and the absolute requirement for exemptions to be sanctioned by cost forum will not vary.

IN FLIGHT APPROVALS
As there are requests for new hires and extensions in hand, please note that

- Contractor new hired and extensions for august, agreed through Cost board, will be unaffected and will proceed without application of reduction at this time
- All new hires initiated from 9th august and not previously approved by cost board will be subject to the rate reduction process
- All extensions due for Sept onwards, regardless of whether they have been approved by cost board or not, that have not already completed with the supplier / contractor will be subject to rate reduction (unless approved through the exceptions process)


Yes, there is a conspiracy between HYPHEN and LLOYDS against the small contractor.

Yawn....

[TheFaQQer]

IT CONTRACTORS

...

Yes, there is a conspiracy between HYPHEN and LLOYDS against the small contractor.

I'd be incredibly wary of publishing an internal (and probably client confidential) document on an open forum. Wouldn't want them tracking you down and suing for breach of confidence, would we?