Reply to: Where to start - finance contract roles

[oliverson]

Shame they are outsourcing most of their staff to TATA! (yes the same TATA group as TATA Steel!!).

Not all of them. Friend of mine just landed a decent one.

[Montyuk]

Shame they are outsourcing most of their staff to TATA! (yes the same TATA group as TATA Steel!!).

And Tata is an Indian multinational conglomerate holding company, so Tata Steel is just one of many companies

[uk contractor]

Barclays hiring freeze is over.

Shame they are outsourcing most of their staff to TATA! (yes the same TATA group as TATA Steel!!).

[oliverson]

Barclays hiring freeze is over.

[DanielSQL]

Google SystemsAccountants - if you're still in need of a finance agency.

[LondonManc]

I'm still not sure how you think you can go contracting with a generic CV, especially in the current climate.

[GillsMan]

You can't just turf them out.

You have to wait until either the contract has ended or you reach a break clause.

Unfortunately having lived near problem private renters it's impossible to get them out until this point. You then may find yourself paying large court and bailiff fees especially if they are vulnerable and entitled to social housing as they can't just up and leave.

Or you can issue a S.8 or S.13 to get them out earlier. But you're right, it's not always easy getting rid of problem tenants.

[MrMarkyMark]

Yeah most of them are not hiring for a while now. Barclays, Lloyds, RBS, HSBC are all on massive IT cost cutting & or outsourcing programs so there are going to be thousands of IT perms who take redundancy or resign as they do not want to transfer to an outsourcer coming into the market sooner or later!

Very, very, much a generalisation. Bum on seats for sure, it holds true.
Depends what you have to offer.

[uk contractor]

According to a few agencies I've spoken to recently there are currently hiring freezes on at a number of investment banks.

It won't be an easy market to break into so good luck.

Yeah most of them are not hiring for a while now. Barclays, Lloyds, RBS, HSBC are all on massive IT cost cutting & or outsourcing programs so there are going to be thousands of IT perms who take redundancy or resign as they do not want to transfer to an outsourcer coming into the market sooner or later!

[northernladuk]

Have you asked your accountant what they would recommend? Mine recommended that my company uses their address as the registered office.

Indeed. As did both mine hence my comment that it's all silly risk to have it at your rented property when there is little need to in most cases.

[meridian]

Possibly but it won't happen in any of my properties. You are in breach so giving me the option to turf them out whenever I feel like it. Not a position you really want to be in when it can easily be avoided. Seems a silly risk to me.

Have you asked your accountant what they would recommend? Mine recommended that my company uses their address as the registered office.

[ShandyDrinker]

Yep non financial services do not always have the same vetting requirements. You do realise London is probably by far the most competitive place in the world right now for jobs so unless your a rocket scientist level guru its probably not going to be as easy as you think to beat local candidates with checkable work histories! If you think you can just turn up then find something fast your probably going to be in for a shock there are so many well qualified people sitting on the bench ready & able to work. Maybe 10-15 years ago you could find work fast now its way different due to intense cost cutting, outsourcing & EU import workers.

So again unless your a rocket scientist guru level talent your not going to be head of the queue with most agencies when they short list for interviews. That's just the harsh reality right now.

According to a few agencies I've spoken to recently there are currently hiring freezes on at a number of investment banks.

It won't be an easy market to break into so good luck.

[Old Greg]

Thanks for the heads up on jobserve and gaapweb.

In relation to setting up a company, would I need to do that if I already have a company set up in Australia? I also heard that not all roles require you to have a company set up.

The security checking sounds stringent and I would rather not wait more than 2 weeks for this. If that's the case, would you suggest I only target non financial services roles?

It was mentioned that I need to have a very good idea about what I would be doing. My CV is pretty generic at present and not specialised in one particular area. Would it be better to just focus on one or two areas that I am more suited to as opposed to having a CV that makes me seem like a jack of all trades?

You won't be able to use an Ozzie company - client / agencies won't do business. Don't set up a company in advance. It can be done the same day. Also, if you're here short-term you may be better with a brolly anyway. Someone else may be able to advise whether you'll have difficulties with a business bank account as a new arrival, if you do prefer the Ltd route - I'm not sure on that one.

[uk contractor]

The security checking sounds stringent and I would rather not wait more than 2 weeks for this. If that's the case, would you suggest I only target non financial services roles?

Yep non financial services do not always have the same vetting requirements. You do realise London is probably by far the most competitive place in the world right now for jobs so unless your a rocket scientist level guru its probably not going to be as easy as you think to beat local candidates with checkable work histories! If you think you can just turn up then find something fast your probably going to be in for a shock there are so many well qualified people sitting on the bench ready & able to work. Maybe 10-15 years ago you could find work fast now its way different due to intense cost cutting, outsourcing & EU import workers.

So again unless your a rocket scientist guru level talent your not going to be head of the queue with most agencies when they short list for interviews. That's just the harsh reality right now.

[ShandyDrinker]

It was mentioned that I need to have a very good idea about what I would be doing. My CV is pretty generic at present and not specialised in one particular area. Would it be better to just focus on one or two areas that I am more suited to as opposed to having a CV that makes me seem like a jack of all trades?

The usual advice would be to tailor your CV for each role you apply for.