Getting squeezed

[psychocandy]

I've been contracting in my current role for the past 17mths.

Due to the situation of economic uncertainty and cost-cutting across the financial services sector, many changes have happened to make it less favourable for me to continue on working for this employer.

A. contract extension changed from 6mth period to 3mth period.
B. contract requires me to work the full length of the contract duration.
C. 10% pay cut on daily rate across the company.
D. the option of going permanent taken away and cancelled for the forseeable future.

Now my contract is up for renewal, I'm looking to improve my career prospects and rewards.

Question: On 3month contract durations, is it common to have a 1 month termination grace notice period; where either party can end their contract? I need this option to move on, as the flexibility to change jobs is easier.

What are the strategies used combat A, B, C and D?

A. Not a problem. A lot of clients only give 3 months at a time anyway.
B. Hmmm. Its only 3 months anyway.
C. Up to you if you think you can better elsewhere.
D. BONUS!!!! I'm dreading the day my client takes off their permie head freeze and starts hassling the contractors (as they've done in the past).

[Wobblyheed]

I've been contracting in my current role for the past 17mths.

Due to the situation of economic uncertainty and cost-cutting across the financial services sector, many changes have happened to make it less favourable for me to continue on working for this employer.

A. contract extension changed from 6mth period to 3mth period.
B. contract requires me to work the full length of the contract duration.
C. 10% pay cut on daily rate across the company.
D. the option of going permanent taken away and cancelled for the forseeable future.

Now my contract is up for renewal, I'm looking to improve my career prospects and rewards.

Question: On 3month contract durations, is it common to have a 1 month termination grace notice period; where either party can end their contract? I need this option to move on, as the flexibility to change jobs is easier.

What are the strategies used combat A, B, C and D?

If you want a career - go permie.

[kingcook]

If you want a career - go permie.

For those who can, go contracting... for those who can't, go permie

[Old Greg]

D. WTF? This is a contractor's website. Just look for a permie job from the start if you're not a real contractor.

Behave.

http://forums.contractoruk.com/busin...al-forums.html

[kingcook]

Behave.

If only there were some "like" button on these forums