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Previously on "State of the Market"

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  • Fraidycat
    replied
    A week after the election and zero bounce on Jobserve.

    When interest rates were near zero 3 years ago, I though 5%+ interest rates would kill the economy in general.

    The only thing that seems to have been killed are large chunks of the IT jobs market.

    Which other job markets (i mean outside of IT) are having a equally bad or worse time than us?

    Leave a comment:


  • SussexSeagull
    replied
    Another week and I could say another week to being no nearer to getting a contract but as the last couple of contracts I got came out of the blue I am not sure you can say that anymore.

    Leave a comment:


  • dsc
    replied
    Originally posted by eek View Post

    Cheapstakes will always be cheapstakes and see what they can get away with.

    Problem is £550 inside is still a £150,000 or so yearly cost so I can see why they think it's a great deal..
    The thing is, is this is what most offer, this becomes the market rate. Who cares what used to be paid 5-10yrs ago.

    Leave a comment:


  • FIERCE TANK BATTLE
    replied
    Highest rate I ever had was 550, normal is 400-430, in this market I would go lower. Always outside. I'm a developer/architect/anytitleyoulike although I very experienced, yet since nobody can even remotely measure or identify good developers it is difficult to stand out.

    No bugatti or harem

    Leave a comment:


  • sreed
    replied
    Originally posted by ladymuck View Post
    Wow, you need 20 years experience over three very different sectors all for £550, inside?? What is the world coming to?
    There’s no way they’re getting someone with that breadth of skill set and experience for that rate. We have an equivalent one-man band consultant SA on my project and he charges £1,500 a day though it’s only 3 days a week Tue-Thu.

    I can only imagine that the recruiter just wants to throttle the number of applications they get. Either that, or they’ve vastly oversold themselves to the client!

    Leave a comment:


  • hungry_hog
    replied
    Originally posted by eek View Post

    Cheapstakes will always be cheapstakes and see what they can get away with.

    Problem is £550 inside is still a £150,000 or so yearly cost so I can see why they think it's a great deal..
    For a PAYE rate it's ok, if it's Umbrella it's not great

    it's still well over 100k, and miles over what most people can dream of, I feel like everyone here lives in Mayfair, drives a Bugatti and has 15 high maintenance wenches
    Last edited by hungry_hog; Today, 09:18.

    Leave a comment:


  • sreed
    replied
    Originally posted by Fraidycat View Post
    1800 Indians turn up for 10 positions in person back home in Gujarat, chaos ensues.

    I think some UK companies still occasionally do open interview days for perm roles, no idea what the turnout for those would be in this market.

    Wow. That is crazy. Instantly rules out women I guess.

    And this is the country Sunak wanted to do a trade-for-visas deal with! Thank **** that never came to pass.

    Leave a comment:


  • eek
    replied
    Originally posted by ladymuck View Post
    Wow, you need 20 years experience over three very different sectors all for £550, inside?? What is the world coming to?
    Cheapstakes will always be cheapstakes and see what they can get away with.

    Problem is £550 inside is still a £150,000 or so yearly cost so I can see why they think it's a great deal..

    Leave a comment:


  • cojak
    replied
    Originally posted by ladymuck View Post
    Wow, you need 20 years experience over three very different sectors all for £550, inside?? What is the world coming to?
    Most of those SBA’s have retired and are doing other things these days.

    Leave a comment:


  • ladymuck
    replied
    Wow, you need 20 years experience over three very different sectors all for £550, inside?? What is the world coming to?

    Role: Business Architect / Senior Business Analyst

    Location: UK Remote

    Duration: 6 Months

    Day rate: £550 inside IR35

    Role Description:

    Our client needs a professionally qualified Senior Business Analyst & Business Architect with over 20 years of experience in enabling change and realizing value across the Financial Services, Healthcare, and Energy sectors. The ideal candidate will possess proven analytical methods, techniques, and creative problem-solving skills and will be comfortable in both business and technical roles, able to perform strategic/enterprise analysis as well as detailed analysis and design.

    Leave a comment:


  • Fraidycat
    replied
    1800 Indians turn up for 10 positions in person back home in Gujarat, chaos ensues.

    I think some UK companies still occasionally do open interview days for perm roles, no idea what the turnout for those would be in this market.

    Last edited by cojak; Today, 08:28. Reason: Removed racist term.

    Leave a comment:


  • dsc
    replied
    Got an extension till end of the year, which was a fairly big plot twist, still that doesn't resolve much as I want to go perm, but there's a hiring freeze currently, so lets see.

    Market wise, contract at least, it's dead for me, no upticks, no movement. Perm is a bit different, seems to be a fair bit of job ads, but mostly low paid, with tulip ton of travel.

    Leave a comment:


  • avonleigh
    replied
    Marketing has improved a little. But nothing to get too excited about yet. I have managed to land a new contract, had only one week out. Goal is still to go permie but have got nowhere with that. Hoping I get the chance to convert to permie with new client if all goes well.

    Leave a comment:


  • Fraidycat
    replied
    More good news

    In a broad-based advance, #UK GDP grew by 0.4% in May in real terms.
    This is double the consensus forecast, follows a flat April and, at 0.9%, takes the three-month GDP expansion to its highest level since January 2022.

    Leave a comment:


  • sreed
    replied
    Originally posted by fiisch View Post

    Just commented on another thread, but seen a big increase in roles for insurance market.

    BA Outside Rates of £700-750, which is by far the highest I've ever seen. Currently in a contract until end of the year, but it is tempting as that's a decent uplift on the rates from earlier in the year. Certainly, reasons to be positive about the contractor market.
    Agreed. From what I can see there are a good number of decently paid BA, PM, change roles in the insurance sector. Even when I was looking for PM roles last summer, there were quite a few well paid ones in the insurance sector.
    Last edited by sreed; Yesterday, 16:11.

    Leave a comment:

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