Originally posted by lamboman
View Post
The problem I see is that almost every contractor in London has an eye on the market. Plenty stayed where they were after the rate cuts (where else would you go?) and are looking for the first decent opportunity. Others, like me, finished their term and weren't extended due to budgetary concerns (I was the fourth out of our team). Then of course you have the disgruntled permies who, having received no bonus, fancy trying their hand at contracting. Finally you have the bobs driving down the rates and opportunities (on that subject I'm awaiting an interview for a role out of London where the new manager is looking to replace his 12 bob offshore teams with natives - bringing the whole work back on shore - I'll give him a discount on rate just because I support the cause!).
When you have the likes of HSBC in Canary Wharf trying it on by wanting to pay seasoned contractors the likes of £ 400 you know there are problems.
Comment