Originally posted by unixman
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Reply to: State of the Market
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Previously on "State of the Market"
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Frustrating, if you don't have it, is the number of roles requiring DV clearance. That is, requiring you to already have DV clearance. Creates a chicken-and-egg situation, and a two tier market IMO. Notwithstanding, if vetted, I would probably pass SC/DV.
This preponderance of DV roles is probably just a perception, affecting only the bottom-of-the-barrel scrapings which compose the present job market. But it's still slightly annoying to see, today, my perfect contract, 10 miles away, requiring, of course, pre-existing DV.
Jim
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Originally posted by Fraidycat View Post
The FTSE 100 has been tulip since year 2000.
The FTSE 250 had been doing really well, killing the FTSE 100, both were around 6000 points in year 2000, but the FTSE 250 reached almost 25,000 while the FTSE 100 only reached 7000 by mid 2021.
That ended in late 2021 when the BOE raised rates. Then the FTSE 250 turned tulipe too , along with the contractor market, while the FTSE 100 has rallied to new highs.
But historically all contractor market slumps have been correlated with the FTSE 250 slumps, and this one is no different, i posted this chart of the FTSE 250 nine months ago, so its a little bit out of date on the right hand side, the 250 has rallied a bit since.
Financials (mostly investment trusts) 24 %
FMCG 13%
Consumer discretionary 12%
Industrials 12%
Energy 12%
Heath 12%
And way down in last place, technology at a pathetic 1%.
The FTSE100 is just as bad if not worse.
Where is all the economic growth going to come from?
I can see the contractor market finally improving in 2025 after the election and fingers crossed, interest rates come down a percentage point or two.
But I really worry about prospects for anything other than anaemic growth for years to come.
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Originally posted by GJABS View Post
What, as in both have been historically tulip
The FTSE 100 has been tulip since year 2000.
The FTSE 250 had been doing really well, killing the FTSE 100, both were around 6000 points in year 2000, but the FTSE 250 reached almost 25,000 while the FTSE 100 only reached 7000 by mid 2021.
That ended in late 2021 when the BOE raised rates. Then the FTSE 250 turned tulipe too , along with the contractor market, while the FTSE 100 has rallied to new highs.
But historically all contractor market slumps have been correlated with the FTSE 250 slumps, and this one is no different, i posted this chart of the FTSE 250 nine months ago, so its a little bit out of date on the right hand side, the 250 has rallied a bit since.
Last edited by Fraidycat; Yesterday, 14:09.
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Originally posted by dsc View PostGot a PM on LI today about a contract which starts Q1 2025 they said they wanted to make sure things are in place. By lining up a contractor 6 months in advance? wtaf?
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Originally posted by SchumiStars View PostFFS this is one tulip market. Think I will kill myself might be easier than getting a contract.
The FTSE 250 is finally breaking out to the upside (above 20,600) signalling the worst is over. The UK Contractor jobs market and the UK stock market are historically very correlated.Last edited by Fraidycat; Yesterday, 11:09.
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Got a PM on LI today about a contract which starts Q1 2025 they said they wanted to make sure things are in place. By lining up a contractor 6 months in advance? wtaf?
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Originally posted by pjt View Post
I was told this recently by an agent. He said advertising is too much hassle as you get so much crap coming in. He said he normally has enough candidates for roles already so advertising is a last resort.
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Originally posted by Bluenose View Post
It's not a problem and has never been a problem - apart from the usual 'Insert Specialist SaaS Insurance Software' curve ball.
The problem with resourcing London Markets is that the working conditions are poor, that's why they can't fill the roles.
You'll always find people that will go into bat for London Markets but then you'll find they have to go into the office 3 days a week, suit, shoes Breitling watch with a 90+ minute commute. And then you realise you are in the City of London with all the crap that goes with working there.
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Originally posted by gables View Post
Always an interesting one this along with the "must have banking experience" which I get in a way as these are highly regulated businesses and are so many others; but then I see the role description and specific insurance\banking experience wouldn't have any bearing.
So, in your view and experience of your client and presumably knowledge of the SA roles would not having insurance experience be a problem?
The problem with resourcing London Markets is that the working conditions are poor, that's why they can't fill the roles.
You'll always find people that will go into bat for London Markets but then you'll find they have to go into the office 3 days a week, suit, shoes Breitling watch with a 90+ minute commute. And then you realise you are in the City of London with all the crap that goes with working there.
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Originally posted by SussexSeagull View Post
I think there is a lot in that. I have had a good run for the last year or so while others have struggled but have struggled before while others weren't. The big change is the norm for many was walking into another contract within a couple of weeks of finishing the last. That isn't so common anymore.
Twenty suitable roles a day does sound a lot to be honest. Were they suitable for all of them?
I agree that applying on-line doesn't seem to work anymore. I tend to find agents tend to find me now which suggests a lot of contracts aren't even being advertised anymore.
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Originally posted by SchumiStars View PostFFS this is one tulip market. Think I will kill myself might be easier than getting a contract.
Seems the agent lied to him before his CV was sent over about the real rate...
Only thing keeping me going is a few friends have landed gigs in the last 3-4 weeks albeit at relatively low rates. Something has got to land soon
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Originally posted by SussexSeagull View Post
I think there is a lot in that. I have had a good run for the last year or so while others have struggled but have struggled before while others weren't. The big change is the norm for many was walking into another contract within a couple of weeks of finishing the last. That isn't so common anymore.
Twenty suitable roles a day does sound a lot to be honest. Were they suitable for all of them?
I agree that applying on-line doesn't seem to work anymore. I tend to find agents tend to find me now which suggests a lot of contracts aren't even being advertised anymore.
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