Reply to: Hiring freeze just before making offer

[LondonManc]

Given client pulling out contract just before start, what would be the adverse impact on hedging against such pullouts - meaning progressing with two offers and decide to turn one down after starting with other?

Can you keep to posting this in one thread please?

http://forums.contractoruk.com/busin...ml#post2129819

[TykeMerc]

Given client pulling out contract just before start, what would be the adverse impact on hedging against such pullouts - meaning progressing with two offers and decide to turn one down after starting with other?

Quite possible, in fact the standard approach is never consider a contract in the bag until you're billing, the trick is to avoid annoying multiple clients when you let them down by accepting another offer.

[Kprad35]

Given client pulling out contract just before start, what would be the adverse impact on hedging against such pullouts - meaning progressing with two offers and decide to turn one down after starting with other?

[LondonManc]

Vanquis???

did some work for them before I decided I had morals.....

Wasn't the bank I was thinking of. The one I was thinking of was a bit bigger.

[BrilloPad]

What do you think? Any chance of getting offer after 2 weeks-agency-resource solution- not promising a anything.

I am absolutely positive after 2 weeks all will be fine. Use the 2 weeks to take it easy. You don't want to confuse things by looking round elsewhere.

[Intel]

A bank beginning with V?

Vanquis???

did some work for them before I decided I had morals.....

[LondonManc]

Does this client name start with V?

A bank beginning with V?

[newmove]

Does this client name start with V?

[LondonManc]

Yes it was a contract position for a Bank.

What I noticed in banking sector that manager wants to interview many persons through various rounds before coming to final decision.Average length from sending cv to final job offer is 3 weeks plus 3weeks of background checks. Gone are those days when yu get offer within couple of days. There is no more urgent requirement

Recently I applied for a job through resource solutions but the same job advertised after 2 days by many other agencies. The reason, manager wanted to collect as many cvs as possible before he starts shortlisting for interview. There is nothing wrong in this but it takes lot of time and patience to land an offer and if that offer gets stuck for this reason then it hurts. Anyway more money = more risks

Simple lesson learned - don't put all your eggs in one basket. I learned the hard way; I turned down one role at one bank for the role at every contractor's favourite IB and the role got put on hold at the last minute. Cost me about ten grand in lost revenue for the gap between when I would have started with the other bank and finally getting something sorted out.

[Kprad35]

Yes it was a contract position for a Bank.

What I noticed in banking sector that manager wants to interview many persons through various rounds before coming to final decision.Average length from sending cv to final job offer is 3 weeks plus 3weeks of background checks. Gone are those days when yu get offer within couple of days. There is no more urgent requirement

Recently I applied for a job through resource solutions but the same job advertised after 2 days by many other agencies. The reason, manager wanted to collect as many cvs as possible before he starts shortlisting for interview. There is nothing wrong in this but it takes lot of time and patience to land an offer and if that offer gets stuck for this reason then it hurts. Anyway more money = more risks

[BolshieBastard]

Is the market really that bad?

The 'market' covers all sectors and some sectors are doing better than others.

[The Spartan]

Hi
Recently I managed to clear all rounds of interview however before they could make offer, a hiring freeze came into effect for 2 weeks to review head counts.They are aware that they may lose candidates but they are fine with that. Initially quite disappointed but again in market to find new contracts.Job market not looking good though- moving very slowly.

What do you think? Any chance of getting offer after 2 weeks-agency-resource solution- not promising a anything.

Had this happen to me at Tesco a while back I was meant to start in mid June and they had a hiring freeze till the beginning of July, like others have said assume the worse and look for something else if they come back to you after 2 weeks and you have nothing then it'll be a bonus.

[unixman]

The market might be quiet because of summer holidays. I commute on the M1 and traffic seems to have dropped to about half the normal level since the kids broke up. The car park at work actually has spaces, and the overflow car park is unused.

[MrMarkyMark]

FTFY

One bank in particular are notorious for it. I'd need record money to just apply to them again.

Ah yes, the ones that like to interview people prior to getting a role signed off .

[LondonManc]

Sounds like a banking position you're applying for. Anyway contract or perm I have been in this position before and as others said no chance in hell especially perm.

FTFY

One bank in particular are notorious for it. I'd need record money to just apply to them again.