Reply to: State of the Market

[andromedan]

That has to be considered as war chest protection, or as a second contract as it is fully remote. And give the client £250 of value per day, no more. Pre Covid you would have had to have been in the office for 8 hours for £250 a day, so it was no way. Now you can 'work to rate' as it is from home.

Tbh with you I think the rate is too low and shows what the market is becoming. I'm currently in 650+ which ends soon. I don't mind taking this rate but they will expect me to work at least 4 hours a day. They can put meetings and other stuff. Anyway, is someone else getting almost a few InMails for contracts lately or it's mostly me?

[malvolio]

Stop lying, nobody uses this.

. I don't like being accused of lying. Plus, you are wrong. Again.

[Fraidycat]

I just received this via email ( yes I know it’s low, it's not my comment):

That has to be considered as war chest protection, or as a second contract as it is fully remote. And give the client £250 of value per day, no more. Pre Covid you would have had to have been in the office for 8 hours for £250 a day, so it was no way. Now you can 'work to rate' as it is from home.

[andromedan]

I just received this via email ( yes I know it’s low, it's not my comment):

I have just had a 2 month contract opportunity come through for a large publishers who are looking for a front end react developer to join them.

• Commercial HTML, CSS, JavaScript & React experience.
• Fully Remote
• Outside IR35
• £250 per day – yes I know it’s low.

Please let me know if you’re interested in hearing more.

[eek]

Personally i always prefer to get the agent on the phone before sending my CV. But thats is not always possible.

I have known some people make their CV searchable on Jobserve, for any agent to find. Never done that myself.

Years ago that would have been the approach to use - nowadays you are probably way better off making sure your linkedIn network is in a good state and posting your availability there....

[krytonsheep]

Personally i always prefer to get the agent on the phone before sending my CV. But thats is not always possible.

Likewise, I always like to hear the voice of the aberration, before it transitions into a Ghost Never to be seen or heard from again.

[dx4100]

Personally i always prefer to get the agent on the phone before sending my CV. But thats is not always possible.

I have known some people make their CV searchable on Jobserve, for any agent to find. Never done that myself.

Desperation :P

If things are lean then it can to generate some calls... Thinking back though the few times I have done I don't think it resulted in anything than a lot of wasted time...

[Fraidycat]

Why would you ever send a cold CV? You're a contractor, an independent professional, the agent is a gatekeeper that you need to get round. It's questionable if an OUTSIDE IR35 consultant should even have a CV.

Personally i always prefer to get the agent on the phone before sending my CV. But thats is not always possible.

I have known some people make their CV searchable on Jobserve, for any agent to find. Never done that myself.

[DrewG]

Just sending out CVs to cold agents, means you get lost in the other 200+ other CVs they get for the few positions they have. Pretty soul destroying, but if you send enough of even those you might eventually get lucky.

Why would you ever send a cold CV? You're a contractor, an independent professional, the agent is a gatekeeper that you need to get round. It's questionable if an OUTSIDE IR35 consultant should even have a CV.

You need to think about how to communicate with each different persona in the contractual chain, the agent doesn't really give a tulip about your CV (or you), they want to sell you (you are a commodity) to his client as quickly as humanly possible. Your outreach should get straight to the point

"Hello agent, get your commission quicker with me! I will be a VERY easy sell to your client."

Then send a highly targeted one pager. CV can follow when you've hooked them. What's the point in send a bunch of non-differentiated CVs to a bunch of agents that don't care about you?

You should read Harvard Business Reviews guide to communication and sales. Two separate (short) books).

[JustKeepSwimming]

Just sending out CVs to cold agents, means you get lost in the other 200+ other CVs they get for the few positions they have. Pretty soul destroying, but if you send enough of even those you might eventually get lucky.

Warm send CV, ie in response to an advert. Then call them to discuss. Chances are they will open up your CV and have a quick chat, so you're sure they have seen it.

Not many people are comfortable with that. Either not great sales/social skills or too prideful.

[Fraidycat]

In a bear market you have to have an outbound game, not just sit around waiting for calls.

When Bluenose reports the status of his burner he is giving us an indication of the state of the market.

We all know in bear markets your network is very important, the people and agents you have worked with in the past.

Just sending out CVs to cold agents, means you get lost in the other 200+ other CVs they get for the few positions they have. Its harder these days to get the agent on the phone to talk to you as well. All Pretty soul destroying, but if you send enough of even those you might eventually get lucky.

[DrewG]

I think if you got caught out in this bear market, its down to bad luck rather than skill.

IMHO there's nowhere to hide in this type of blood-bath.

I am not looking but the burner has registered zero calls in the past 10 working days and at this time of the year it should be going off at least half a dozen times a day.

In a bear market you have to have an outbound game, not just sit around waiting for calls.

Bull market contractors allow serendipity to control their careers.

When roles started to dry up and I wanted my second contract (running two together), I email blasted everyone I know in private equity with a one page powerpoint selling myself for any divestment work where they need to carve out a companies finances, operations etc. I landed my second current contract from that outbound campaign.

Nobody is calling my burner either but why should I care? When did you last pick up an industry publication and run an outbound campaign against everyone that wrote an op-ed? There are ways into the market beyond your generic CV and linkedin profile.

Like I keep saying, you need to pick a couple of verticals you are strong in, you're a consultant first and IT guy second: https://www.kalzumeus.com/2011/10/28...-a-programmer/

[DrewG]

Unsurprisingly. It's urban slang or internet shorthand, take your pick. And quite recent.

Stop lying, nobody uses this.

[krytonsheep]

Contracting is often a game of luck and being in the right place at the right time.

Yep, and also karma. Put some effort in, treat people well, fulfill contracts and you'll always have clients to go back to.

[avonleigh]

I think if you got caught out in this bear market, its down to bad luck rather than skill.

Exactly this