Originally posted by edison
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Reply to: State of the Market
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Previously on "State of the Market"
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Originally posted by Fraidycat View Post
We are 22 months into this slump.
I wasn't counting exactly at the time, but i reckon the slumps that happened after 1991 and 2001 lasted around 30 months (give or take a few months) each.
So we got 6 to 10 months left before this one ends if it equals the previous worst ones. Unless this one sets a new record and lasts longer, lets hope not, lets hope it ends sooner. The FTSE 250 closed at 20,400 today.
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Originally posted by edison View PostI remember thinking this surely cannot last but I didn't anticipate how it would turn so negative fairly quickly.
I wasn't counting exactly at the time, but i reckon the slumps that happened after 1991 and 2001 lasted around 30 months (give or take a few months) each.
So we got 6 to 10 months left before this one ends if it equals the previous worst ones. Unless this one sets a new record and lasts longer, lets hope not, lets hope it ends sooner. The FTSE 250 closed at 20,400 today.
Last edited by Fraidycat; Yesterday, 16:34.
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Originally posted by Fraidycat View Post
That article has a graph with an orange line that shows demand for top earners. It shows a top in July 2022, which is exactly when the UK contract market began this current slump.
I remember thinking this surely cannot last but I didn't anticipate how it would turn so negative fairly quickly.
The article's assessment about higher earners being impacted the most chimes exactly with what so many recruiters have told me since the start of 2023.
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Originally posted by funkyContractorITUK View PostAny one else see this blog post?
https://www.businessinsider.com/hiri...-salary-2024-4
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Another week has gone by, looking for a new gig. Still only seeing roles that require extensive FS/Insurance experience. The requirements all look good until I reach that one line in bold that tells me my CV will go straight in the bin.
Not that I really want to work in that industry but I'd be prepared to make an exception in the short term.
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Originally posted by hungry_hog View Posti'm in contract but today had a rejection email from a firm I applied to 6 months ago, quite amusing.
"At this time" made me laugh. I presume they use a sundial as an egg timer!
Thank you for your interest in the "cheeseman" role at "Cheesy peas" hedge fund harvesting babies. At this time we have identified other candidates who will proceed for further consideration. Although you were not selected for this position, we encourage you to apply online again in the future should you identify another role of interest to you. In addition, please note that your resume will be added to our database for reference against future opportunities.
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Originally posted by avonleigh View Post
It was direct with Bank of Ireland, no agent involved.
I guess when the market is flooded with candidates we all get to experience the 'Hollywood Principle'Last edited by Fraidycat; 6 May 2024, 14:43.
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Originally posted by Fraidycat View Post
What kind of companies are these?
If going through an agent then the agent chases feedback, if going direct then there is normally a HR person or similar in the mix who will send the rejection email?
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i'm in contract but today had a rejection email from a firm I applied to 6 months ago, quite amusing.
"At this time" made me laugh. I presume they use a sundial as an egg timer!
Thank you for your interest in the "cheeseman" role at "Cheesy peas" hedge fund harvesting babies. At this time we have identified other candidates who will proceed for further consideration. Although you were not selected for this position, we encourage you to apply online again in the future should you identify another role of interest to you. In addition, please note that your resume will be added to our database for reference against future opportunities.
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Originally posted by Fraidycat View Post
What kind of companies are these?
If going through an agent then the agent chases feedback, if going direct then there is normally a HR person or similar in the mix who will send the rejection email?
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Originally posted by edison View PostGot a perm role rejection today for a job I applied for almost a month ago. I've done the same role six times in various companies as a permie and contractor but the fact I even got a rejection is a minor victory to end the week
Seen an ad yesterday for a tech lead position for some automation tulipe somewhere in the UK, salary range was 40k - 80k who the hell comes up with this crap?
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Originally posted by avonleigh View PostHad exactly the same. Initial teams call and then face to face, that was two weeks ago. Also, interviewed very well I thought. But the same, not got back to me.
If going through an agent then the agent chases feedback, if going direct then there is normally a HR person or similar in the mix who will send the rejection email?
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Originally posted by avonleigh View Post
Had exactly the same. Initial teams call and then face to face, that was two weeks ago. Also, interviewed very well I thought. But the same, not got back to me. You kinda accept it with contracts. But when somebody has had two interviews, it's common decency to send a quick email to say thanks but no thanks. Quite annoyed by it.
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