You could always accept the 15% rate cut in return for 15% less work. If you are doing 37.5 hrs a week for instance you could take off 5.6 hours
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15% cut rate for all contractors at Goldman Sachs
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Originally posted by BolshieBastard View Post85% of something is better than 100% of nothing so, you answered your own question in your last sentence.
You have my empathy, having just had a cut here too. There are a few bits and pieces out there, so if you are inclined start looking.Last edited by Scrag Meister; 15 December 2011, 08:54.Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.Comment
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GS is another one of the banks that are doling out the cuts but it is your choice whether to take it, attempt to negotiate or leave it.........
but if your contract is terminated, it could leave you short of options as things look to be getting worse before they are going to get better.
The wave of job cuts has only led to more workers moving into the freelance market meaning more competition for places. I have been in touch with contractors who have applied for over two hundred roles without landing a role.
It may be seen as cautious, but my opinion is to hold onto any role you can.....Comment
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Originally posted by RaLaCon View PostGS is another one of the banks that are doling out the cuts but it is your choice whether to take it, attempt to negotiate or leave it.........
but if your contract is terminated, it could leave you short of options as things look to be getting worse before they are going to get better.
The wave of job cuts has only led to more workers moving into the freelance market meaning more competition for places. I have been in touch with contractors who have applied for over two hundred roles without landing a role.
It may be seen as cautious, but my opinion is to hold onto any role you can.....
One ICT is one too many!Comment
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Originally posted by JamJarST View PostYou could always accept the 15% rate cut in return for 15% less work. If you are doing 37.5 hrs a week for instance you could take off 5.6 hoursComment
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Originally posted by BolshieBastard View Post85% of something is better than 100% of nothingOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by Nitrox View PostIf you're working 37.5 hours a week you aren't working at Goldman Sachs.Comment
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Originally posted by gemasp View PostThat is not true. Permies defenitely work longer hours here at GS, but not me. I am doing my 40 hours a week and no more. I dont have an illusive bonus at the end of the year to work for and show my loyalty. So no reason to sit there for 10 hours a day.Comment
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Sounds unfortunate, but Im assuming these rates are crazy high in the first place?
Personally I just negotiated a 33% increase, which was amazingly easy, but Im sure my rate is more modest than what Goldman would pay. Apparently they thought I was about to finish, as I had said I wasnt working at all in January next year and this was seen as me intending to walk away.
I also dropped things into the conversation such as "I like new exciting challenges" and "Im quite happy to find out what the market will pay me". No pimp in the way, and I deal direct with the owner of the company and directors.Comment
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The point of a contract is to ensure that both parties know what they are getting into, and so protect them from insecurity while they are supposed to be concentrating on the work. Unless you really are doing your job very badly, there is no justification for a cut like this.
If I were you, I would quit -- even if the agent backed down and reaffirmed the original terms -- simply because no professional should be subject to these kinds of games. I believe it directly affects the quality of people's work, and consequently is bad for the clients as well as the workers.Der going over der to get der der's.Comment
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