Barclays Wealth

[Dallas]

Barclays Capital– again! Apr-14 10% 'Accept it or this serves as notice of termination' (no exceptions known to date)


There are exceptions. Plus RBS & HSBC have been playing these same games over the years = now normal, absorb it or walk.

[Taita]

Hi all,
Does anyone here work for Barclays? How is the work culture like?

There are clients who treat their contractors less better than they treat their permies...................then there is Barclays!

[dty]

Nothing here sounds any different to any other bank I've ever worked in! I was at BarCap as a permie running a dev team which included several contractors during some of the periods mentioned. Which means I had to do all the talking. It wasn't popular, but most guys new it wasn't my decision and knew of peers in other banks who were also taking cuts too. IMHO, that's the contractor life. Some of those were difficult periods for banks and many were laying off permies. Be grateful for a 10% cut and not a 100% cut, I say!

[BoredBloke]

I was walked off site at BarCap - Desk emptied while I sat in a room and the contents handed to me in a box. I also got hit with the 10% rate cut shortly after I started. I'd think twice before going back. My role was shipped off to India. They have a large numbers of bobs working for them in Canary Wharf

[mrdonuts]

are they on the phone all the time instead of working

[JoJoGabor]

Aren't Barclays capital and Barclays wealth management two different organisations. I know ex colleagues who worked for BWP NAND said it was great, nice offices in Mayfair etc. Barcap however I have always heard venomous opinions of, whatever the dept. and credit Suisse

[quackhandle]

I still have one or two mates working over at Radbroke, was chatting to one the other week and he said now contractors cannot park on site, and he only has a desk on three days, WFH the rest.


qh

[rocktronAMP]

I still have one or two mates working over at Radbroke, was chatting to one the other week and he said now contractors cannot park on site, and he only has a desk on three days, WFH the rest.


qh

This is a pathetic situation and I hate it that we can't do dickie bird about any of it! It simply stinks!

I did a 3 month stint at Barclays.co.uk last year in Canary Wharf, I even volunteered myself to go and visit Radbroke Hall, but never lasted to see the 10% cuts. My contract was not extended, because of a bad manageress who couldn't plan resources and I got the blame for her inactions. Anyway that is neither here nor there.

The fact is that contractor rates have stagnated in the years 2004 to 2014, because they have not tracked CPI (consumer price index) vis a vis the cost of living. (I checked the data from It Jobs Watch search on C#, Java or JavaScript Web.) It is outrageous that we contractors have to bend over backwards at regularly intervals and take a stuffing up the you-know-what.

I wish we all could give these flipping banks the finger simultaneously like in a digital strike. Unless my friend knows that will end of us, contractors, and the Bobs will take over completely.

[Stan]

My 2p.

Yes they are terrible, they forget to pay various things, had to chase for my final invoice, for out of hours support (which was just "hourly" rate pro rata anyway). Their HR/contractor dept "Resource Solutions" make many many mistakes.

The tech is old and crusty (depends on team), management was out of touch with technology. Since they weren't great to work for they didn't get great people either, so you'll get paid less and have to carry more useless people.

Oh and of course they stung me with a "10% or get out" cut on top of an already tulip rate.

They did enforced leave at xmas, but they aren't the only bank that have done that so I didn't mind.