It does look like some people have failed to adapt to the contract market. Well paid contracts are around for good people (accepting short-term disruption due to Covid is causing some people pain).
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Originally posted by Old Greg View PostIt does look like some people have failed to adapt to the contract market. Well paid contracts are around for good people (accepting short-term disruption due to Covid is causing some people pain).
I always laughed when reading this site when people would say they reason they were contractors was because they could not put up with "permie performance ratings" I found that hilarious given it was twice a year and often thought it was secret code for convicning themselves of something
For me contracting was always about the money and the take home pay - I never in my life thought it was anything else
Trying to go perm now is not because I want to but because contracting for banks is finished and the rates are gone and the tax breaks are gone
Am I safer as a perm in a bank - No
Am I poorer as a perm from take home - YesComment
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Originally posted by LondonPM1 View Postafter 15 years financial experience 9 of which was a contractor I can tell you that contracting seems well and truly finished - If it wasnt covid it was all the IR35 changes and if it wasnt that it was brexit and roles being moved to the EU
I always laughed when reading this site when people would say they reason they were contractors was because they could not put up with "permie performance ratings" I found that hilarious given it was twice a year and often thought it was secret code for convicning themselves of something
For me contracting was always about the money and the take home pay - I never in my life thought it was anything else
Trying to go perm now is not because I want to but because contracting for banks is finished and the rates are gone and the tax breaks are gone
Am I safer as a perm in a bank - No
Am I poorer as a perm from take home - Yes
Which is why I've spent years getting myself into a position where I'm completely save from it.merely at clientco for the entertainmentComment
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Originally posted by LondonPM1 View Postafter 15 years financial experience 9 of which was a contractor I can tell you that contracting seems well and truly finishedComment
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Originally posted by LondonPM1 View Postafter 15 years financial experience 9 of which was a contractor I can tell you that contracting seems well and truly finished - If it wasnt covid it was all the IR35 changes and if it wasnt that it was brexit and roles being moved to the EU
I always laughed when reading this site when people would say they reason they were contractors was because they could not put up with "permie performance ratings" I found that hilarious given it was twice a year and often thought it was secret code for convicning themselves of something
For me contracting was always about the money and the take home pay - I never in my life thought it was anything else
Trying to go perm now is not because I want to but because contracting for banks is finished and the rates are gone and the tax breaks are gone
Am I safer as a perm in a bank - No
Am I poorer as a perm from take home - Yes
Hi
Smile on my face and gentle nodding in agreement as I read this.
I loved contracting and the day rate I was on, but same as you, I saw the writing on the wall a few years ago and went perm. I am happy with the decision and think what you are doing is sensible, albeit in the middle of Covid...
Same as you, it’s the money when contracting. I tried to convince myself it was about seeing other banks and no performance reviews, but at the later stages I was booking an £18k invoice for a months work that included a long weekend holiday... trying to say it was anything else would be a disservice to newbies here.Comment
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Originally posted by Old Greg View PostFinished for pole chokers perhaps. My contracting business is going great guns.
Maybe you can share what your business does - Are you doing car washing or something elseComment
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Originally posted by LondonPM1 View PostOk Mr Greg - Thats very kind words from you - Wish you a good afternoon
Maybe you can share what your business does - Are you doing car washing or something else
Sorry things haven't worked out so well for yourself, but it's not ""contracting" that's the problem. It's you. Time to take ownership of your own failures.Comment
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Originally posted by Old Greg View PostFinished for pole chokers perhaps. My contracting business is going great guns.
Those running proper/traditional consultancy can continue to win work, but it is obviously a bit harder at present.Comment
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Originally posted by LondonPM1 View PostOk Mr Greg - Thats very kind words from you - Wish you a good afternoon
Maybe you can share what your business does - Are you doing car washing or something else
I think if you are uber specialist at xyz it can still be great.
But as a whole in real life... people need to think VERY carefully.
I had a colleague who asked me for a coffee and was seriously thinking about ditching permie to become a contractor. About a year ago, quoting a £750 a day role.
Did the usual up to him etc but then gave him my honest thoughts of contracting now vs years ago and wary of reading old positive threads... luckily he decided to stay. Thank god, can you imagine a newbie contractor Programme Manager in this market!?!Comment
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Originally posted by PermMCCon View Post������
I think if you are uber specialist at xyz it can still be great.
But as a whole in real life... people need to think VERY carefully.
I had a colleague who asked me for a coffee and was seriously thinking about ditching permie to become a contractor. About a year ago, quoting a £750 a day role.
Did the usual up to him etc but then gave him my honest thoughts of contracting now vs years ago and wary of reading old positive threads... luckily he decided to stay. Thank god, can you imagine a newbie contractor Programme Manager in this market!?!Comment
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