Ridiculous rates in London?

[bluedrop]

Dear all,
As some of you know, I've been looking for my next role. Jobserve scene looks pale! When I started my last contract in March, avg rate for Solvency-II BA was £500 in London and insurance BAs (outside S-II) were being offered around £400 mark....

Solvency-II market is VERY dry at the moment. Not a single BA role in London! Something very weird happened this time. When I started applying, there were about 10 active roles in the market. My CV was put forward to the client at about 4-5 places. None had any feedback about my CV ! NONE! I chased the agencies and everyone said the role(s) has been filled. (interviews were happening when I applied) I have strong credentials and a strong CV. I am really clueless about whats happening.

Anyway coming to the point, I've seen this today. £200 a day in London???? and several roles around the £300 mark. Depressing!!

Business Analyst - Insurance - London London Temporary Finance Job

Do you see rates coming down in your area(specialisation) too?

For now, I've decided to take up 'anything' thats comes my way and start looking again in Jan. Even 'anything' is seeming hard now!

Thanks for reading through, thoughts welcome.

[alreadypacked]

Dear all,
As some of you know, I've been looking for my next role. Jobserve scene looks pale! When I started my last contract in March, avg rate for Solvency-II BA was £500 in London and insurance BAs (outside S-II) were being offered around £400 mark....

Solvency-II market is VERY dry at the moment. Not a single BA role in London! Something very weird happened this time. When I started applying, there were about 10 active roles in the market. My CV was put forward to the client at about 4-5 places. None had any feedback about my CV ! NONE! I chased the agencies and everyone said the role(s) has been filled. (interviews were happening when I applied) I have strong credentials and a strong CV. I am really clueless about whats happening.

Anyway coming to the point, I've seen this today. £200 a day in London???? and several roles around the £300 mark. Depressing!!

Business Analyst - Insurance - London London Temporary Finance Job

Do you see rates coming down in your area(specialisation) too?

For now, I've decided to take up 'anything' thats comes my way and start looking again in Jan. Even 'anything' is seeming hard now!

Thanks for reading through, thoughts welcome.

Market is very quite right now, don't seam desperate to the agents you are talking too.

Take the casual approach, just looking, maybe I will wait until after Christmas. NEVER let the words "I'll take 'anything' past your lips"

If you are a contractor, you must have a warchest, if you don't you are living beyond your means. Cut all spending to the bone.

You need to develope a profile, so if a role come up they are calling you!

[bluedrop]

Market is very quite right now, don't seam desperate to the agents you are talking too.

Take the casual approach, just looking, maybe I will wait until after Christmas. NEVER let the words "I'll take 'anything' past your lips"

If you are a contractor, you must have a warchest, if you don't you are living beyond your means. Cut all spending to the bone.

You need to develope a profile, so if a role come up they are calling you!

Yep, I've just started applying for £300+ roles, but not acting desperate there...
I dont have a large warchest unfortunately. but my husband is a perm and we've always based our living standards acc what he makes. So hopefully, I should be fine for a few months. Whats killing me is the wait. I am glad this bench time came through though. Learing to be a real contractor - being calm and composed while on bench! Its touch I must say!

[northernladuk]

You really need to grow some kahuna's. I mentioned this slightly less likely in another one of your threads.

You see one bad rate, you can't go all tearful and upset about that, it happens, it is business, someone will try and take the piss, it always happens.

Your job is to know your market, know your rate, know your clients etc and rise above this rather than getting all upset again. You are a business now. Deal with it.

As I said before. You have have to get a bit tougher if you are gonna cut it contracting. God help you when you get on the wrong side of the client and he walks you. You are gonna have heart attack.

[eek]

The market is bad but you shouldn't be concerned about Solvency 2. That had deadlines and so had a peak demand period when the world and their aunt needed people, now they've got them they don't need more.

All you can do is take your time and find the job you want. Agents and clients can smell panic from miles away so always play it cool.

[tarbera]

No Sir

Dear all,
As some of you know, I've been looking for my next role. Jobserve scene looks pale! When I started my last contract in March, avg rate for Solvency-II BA was £500 in London and insurance BAs (outside S-II) were being offered around £400 mark....

Solvency-II market is VERY dry at the moment. Not a single BA role in London! Something very weird happened this time. When I started applying, there were about 10 active roles in the market. My CV was put forward to the client at about 4-5 places. None had any feedback about my CV ! NONE! I chased the agencies and everyone said the role(s) has been filled. (interviews were happening when I applied) I have strong credentials and a strong CV. I am really clueless about whats happening.

Anyway coming to the point, I've seen this today. £200 a day in London???? and several roles around the £300 mark. Depressing!!

Business Analyst - Insurance - London London Temporary Finance Job

Do you see rates coming down in your area(specialisation) too?

For now, I've decided to take up 'anything' thats comes my way and start looking again in Jan. Even 'anything' is seeming hard now!

Thanks for reading through, thoughts welcome.

These are the new rates for the next year

[bluedrop]

You really need to grow some kahuna's. I mentioned this slightly less likely in another one of your threads.

You see one bad rate, you can't go all tearful and upset about that, it happens, it is business, someone will try and take the piss, it always happens.

Your job is to know your market, know your rate, know your clients etc and rise above this rather than getting all upset again. You are a business now. Deal with it.

As I said before. You have have to get a bit tougher if you are gonna cut it contracting. God help you when you get on the wrong side of the client and he walks you. You are gonna have heart attack.

True, I need to toughen up! Working on it at the moment and its taking time. Permie to contracting is not a cake walk I am sure. There are a lot more things to get used to apart from the daily rate !!

Its not actually about 1 bad rate. There are plenty of roles in £300s at the moment. I applied for some this morning on Jobserve and had a few Indian guys call me to discuss it. They hardly knew anything about the role - asked a few irrelevant questions and told me they are putting my CV forward. They have no clue who their end client is. This is crazy!

[TheFaQQer]

Do you see rates coming down in your area(specialisation) too?

No.

[bobspud]

Dear all,
As some of you know, I've been looking for my next role. Jobserve scene looks pale! When I started my last contract in March, avg rate for Solvency-II BA was £500 in London and insurance BAs (outside S-II) were being offered around £400 mark....

Solvency-II market is VERY dry at the moment. Not a single BA role in London! Something very weird happened this time. When I started applying, there were about 10 active roles in the market. My CV was put forward to the client at about 4-5 places. None had any feedback about my CV ! NONE! I chased the agencies and everyone said the role(s) has been filled. (interviews were happening when I applied) I have strong credentials and a strong CV. I am really clueless about whats happening.

Anyway coming to the point, I've seen this today. £200 a day in London???? and several roles around the £300 mark. Depressing!!

Business Analyst - Insurance - London London Temporary Finance Job

Do you see rates coming down in your area(specialisation) too?

For now, I've decided to take up 'anything' thats comes my way and start looking again in Jan. Even 'anything' is seeming hard now!

Thanks for reading through, thoughts welcome.

Hi,
hang in there. I am seeing some really awful rates on offer together with some of the best. So one weeks crap and another's boomed... But you seriously need to take yourself out for a day and get your head straight. Go shooting or fishing. Whatever takes you away from sitting on jobserve worrying... Because that desparation will come across to agents and clients... by all means cut your rates. £250 a day is better than 0 just don't get to a point where you regret short changing yourself.

[norrahe]

SII BA for £200 and the market is quiet?????, get yourself on LinkedIn there's loads of roles for SII going there at reasonable rates.

Make sure you are on all the SII groups, a lot of the roles are advertised there rather than jobserve.