Barclays Cut Rates Again

[Epiphone]

Barclays Capital cuts IT contractor rates by 10% ... again ? The Register

[russell]

Barclays Capital cuts IT contractor rates by 10% ... again ? The Register

I would be working 10% less then. What is 10% of 0?

[SussexSeagull]

I wonder if they made that offer direct to agency temps? Would open them up to AWR somewhat.

[doesNotCompute]

Contracting these days deosnt seem as good as it used to, does it?

When your only roughly earning double what senior permies are making but have all the extra overheads e.t.c..

I remember earning 600pd quite comfortably (138k over 46 weeks) which was 2.3 times my gross permie salary. Now my currently skill set affords only 96k roughly over 46 weeks which is only 1.5 times my gross permie sal....

[vjmac108]

I wonder if they made that offer direct to agency temps? Would open them up to AWR somewhat.

I have no idea what you mean by this comment, and I don't think you do either.

[Scrag Meister]

The advertised average rate on itjobswatch dropped by £25pd for my skillset today.

Am expecting some similar at ClientCo soon, but am in quite a strong position being a team of one supporting a client facing team.

Time will tell.

[jonathanOnshore2010]

I got hit with 3 rate cuts at Barcap in 2008, and then they served notice on my contract position the day they game me a perm contract to sign. In hindsight, the only thing to do is make sure money is in the bank, and the moment they notify you of the rate cut, immediately resign and call their bluff. I know for a fact they make exceptions, but only if you stand your ground.

[Hot Mess]

Only accepted a rate cut once back in 2007, will never do so again. If the client wants to keep you won't get a cut.

If your boss / business manager manages by spreadsheet, i.e. is not up to the job, then it can be rate cuts all round. If that's the case then time to go

If you're good enough you should be able to get another role. If you're not then you shouldn't complain about the cut

[Wanderer]

Barclays Capital cuts IT contractor rates by 10% ... again ? The Register

Never, ever accept that these cuts are "across the board". Always come out and negotiate with them. If they won't budge then it's time to have a look and see if there are better jobs out there. If there are then take one. If not then it's time to shut up and get on with it.

[Mr.Whippy]

If you're good enough you should be able to get another role.

Being good enough doesn't really help if there are no open roles around in your field. For most people 90% of something is way better than 100% of fook all.