Lloyds Banking Group Contract Roles

[TestMangler]

Onsite, they are operating with about 95% Bobs with the final goal ( according to a manager I worked for there ) of 90% of all IT staff located in Bobland - an absolute mess!

Very very few UK contractors are onsite without both a local agent AND a Bob firm as middlemen. Computer People ( mentioned above ) supplies contractors through Wipro.

Thankfully some of us have moved out of IT to the 'biznizz' which is mostly un-bobified.

[GB9]

Spring / Hyphen keep contacting me about roles there as I have a bit of experience that they could use and that is scarce. Unfortunately they then quote me their rate card (which seems to go down with every call) which ALWAYS puts and end to the conversation.

[flipFlop]

Very very few UK contractors are onsite without both a local agent AND a Bob firm as middlemen.

Indeed.This is exactly the situation at Lloyds Banking Group.

Lloyds are paying top-dollar but the contractor's pay is reduced by the two middlemen - someone like TCS plus the contractor's own agent.

[TestMangler]

Onsite, they are operating with about 95% Bobs with the final goal ( according to a manager I worked for there ) of 90% of all IT staff located in Bobland - an absolute mess!

Very very few UK contractors are onsite without both a local agent AND a Bob firm as middlemen. Computer People ( mentioned above ) supplies contractors through Wipro.

Y'see dude, that is a sweeping generalisation and mostly a load of tulipe.

If you're talking IT techies then, yes, but they're not the majority of contractors. My area, for example is 100% bob free and bob agent free (right down to the UAT defect management team).

[flipFlop]

Y'see dude, that is a sweeping generalisation and mostly a load of tulipe.

No. It's accurate.

[GB9]

Indeed.This is exactly the situation at Lloyds Banking Group.

Lloyds are paying top-dollar but the contractor's pay is reduced by the two middlemen - someone like TCS plus the contractor's own agent.

I suspect your top dollar and my top dollar are somewhat different as the money on offer for the techie roles is absolute tulipe.

[eek]

Indeed.This is exactly the situation at Lloyds Banking Group.

Lloyds are paying top-dollar but the contractor's pay is reduced by the two middlemen - someone like TCS plus the contractor's own agent.

I suspect your top dollar and my top dollar are somewhat different as the money on offer for the techie roles is absolute tulipe.

Did you read the second paragraph I'll explain it with sample figures

Lloyds pay £1200
Wipro pocket £800
Spring receive £400
Contractor gets £300

Its perfectly possible that Lloyds are paying top dollar and contractors are getting peanuts when someone in the middle is pocketing all the money.

[GB9]

Did you read the second paragraph I'll explain it with sample figures

Lloyds pay £1200
Wipro pocket £800
Spring receive £400
Contractor gets £300

Its perfectly possible that Lloyds are paying top dollar and contractors are getting peanuts when someone in the middle is pocketing all the money.

I did read it but didn't expect anything like those numbers (except the last one of course). Are they real or fictitious?

Have to say the last bloke I spoke to at Spring sounded a bit fed up with the rate he had to offer, implying he was struggling to get anyone useful but it was outside his control due to the 'rate card'.

[eek]

I did read it but didn't expect anything like those numbers (except the last one of course). Are they real or fictitious?

Have to say the last bloke I spoke to at Spring sounded a bit fed up with the rate he had to offer, implying he was struggling to get anyone useful but it was outside his control due to the 'rate card'.

That was made up but I've seen far worse if you remove Wipro and insert Accenture instead.

[herman_g]

Y'see dude, that is a sweeping generalisation and mostly a load of tulipe.

If you're talking IT techies then, yes, but they're not the majority of contractors. My area, for example is 100% bob free and bob agent free (right down to the UAT defect management team).

Sorry, I did mean IT techies.

Lloyds pay £1200
Wipro pocket £800
Spring receive £400
Contractor gets £300

I work in a fairly niche area. Market rate to a contractor is normally 500 / day - a rate I and most I know are happy with.

Wipro's "winning bid" for a job needing about 20 resources was 600 / day. They went to the market hoping for 300 / day contractors and offered Computer People a 9% markup ( they got a few substandard ones for 350 ). The eventual breakdown was:

Lloyds paid £600
Wipro pocketed £219
Computer People receive £381
Contractor got £350

Impossible to understand why Lloyds didn't just pay Computer People £600 and let the contractor end up with the market rate of £500! That is, until you realize Wipro had a dozen or so offshore resources Lloyds were paying Wipro £325 for ( and getting a small bag of peanuts ). Management had no idea almost nothing was being produced offshore and somehow didn't care.