Blackrock max 2 years as a contractor

**Stan.goodvibes** · 21 August 2009, 04:52

Originally posted by Bumfluff View Post

Cheers (*) (*)

Nice tits!

**BrilloPad** · 21 August 2009, 06:48

Deutsche bank has a 9 month rule. JP Morgan has 2Y, 3Y and 10Y rules though 3Y seems to be the most common.

**Le Rosbif** · 21 August 2009, 08:18

Originally posted by BrilloPad View Post

Deutsche bank has a 9 month rule. JP Morgan has 2Y, 3Y and 10Y rules though 3Y seems to be the most common.

The 3Y rule at JP was applied to me in 2006
Apparently RBS has a 4Y rule.

**NotAllThere** · 21 August 2009, 09:13

My client has a two year rule. Still contracting to them though - after nearly 4 years.

**BrilloPad** · 21 August 2009, 09:17

Originally posted by NotAllThere View Post

My client has a two year rule. Still contracting to them though - after nearly 4 years.

Is there a limit to exemptions? JPM has exemptions over the 2Y and 3Y rule : but no-one escapes the 10Y rule......

**LazyFan** · 21 August 2009, 13:44

You can get around these silly HR rules, but it is not easy.
Basiclly you cannot work in the same role for whatever limit they have put on it. But you can move roles in the organisation and then the clock starts again.

Also you can challenge them by paying solictors like QDos or someone to prove this is all nonsene and they may back down.

I think you will have a better chance if just move roles within the company. Have a word with the line manager and change yourself from Developer to Production Engineer or sommit like that.

BTW: Isn't Blackrock more of a software house than an enterprise? These types usually do not worry about such contracting limits

zzzzzzzzzzzzzzz

**centurian** · 22 August 2009, 09:47

Why do they have contracting limits anyway? Is it

a) Paranoid about HMRC coming after them despite all the structures (a fear that HMRC will target the deepest pockets).
b) Jealous permie's seeing all that unbroken income with no bench time.
c) HR/finance stating that if someone is there for x years, they should be paid permie rates, not contract.
d) Compliance with some financial regulations about external suppliers
e) All of the above

**d000hg** · 22 August 2009, 11:57

At a high level in a company, it does seem silly to be hiring the same guy for several years as a contractor. One of the reasons companies like contractors is that they can quickly be put in place when new work needs a sudden increase in people, and then just as quickly dropped when that passes.
If it becomes clear a role isn't transitory, then the company is best off getting a permie unless there's some specific reason otherwise.

Blackrock max 2 years as a contractor