Reply to: Contracting at Barclays- what checks do they carry out before you start work?

[MrMarkyMark]

Barclays are pretty famous for hating contractors - Never worked there myself.

Well, the young whipper snapper, I worked with, was honest enough, "I fecking hate contractors".
80% of which made up his team.
Horrible little chunt, although did get truly worked over by senior management regularly, much to my delight .

That having been said, it depends on the area, team etc. The area I worked with had a reputation as toxic, as I found out later.

[ChrisFromGreece]

Barclays is replacing contractors with consultancies cause this is the JP way... they don't do contractors.

Since the new CEO was appointed last year, check how many JP guys (especially top executives) have joined.

And yeah, as many mentioned 5% cut per year for the next 3 years + 2 weeks furlough should rid of many contractors.

Was a permie at Barclays for 2 years; left 3 weeks ago for my first contract.

I won't discuss the mandatory courses as all banks have them and Barclays' ones are not that many.

[MrMarkyMark]

I agree that is very general statement. I am just reflecting what is happening in our department. I agree about budgetary issue, but that doesn't help much.
By the way to get last batch of bodies from consultancy took 2 months, not sure about "tomorrow". But again that can be budgetary issue.

I've contracted for 5 consultancies, been straight in after max 2 days.
One of them, for a large investment bank, I was literally in the next day.

[AndrewK]

Very general statement, do you know about all the recruitment there?

Quite often this is budgetary, there is always a separate budget for consultancies and contractors.
In addition a consultancy can get bodies onsite tomorrow, no credit checks required.

Sad, but that's how it is.

I agree that is very general statement. I am just reflecting what is happening in our department. I agree about budgetary issue, but that doesn't help much.
By the way to get last batch of bodies from consultancy took 2 months, not sure about "tomorrow". But again that can be budgetary issue.

[AndrewK]

Here at Nordea Bank we are called 'Consultants'. Even though we are Contractors....

By consultancies I have in mind something like Accenture, WiPro etc

[MrMarkyMark]

Plus Barclays HR is replacing Contractors with Consultancies. Not sure why, but contractors are not popular any more...

Very general statement, do you know about all the recruitment there?

Quite often this is budgetary, there is always a separate budget for consultancies and contractors.
In addition a consultancy can get bodies onsite tomorrow, no credit checks required.

Sad, but that's how it is.

[stek]

Plus Barclays HR is replacing Contractors with Consultancies. Not sure why, but contractors are not popular any more...

Here at Nordea Bank we are called 'Consultants'. Even though we are Contractors....

[AndrewK]

If this forum is anything to go by it would be because they are all cretins.

That relative and subjective statement. Relative to you they are cretins, but you know they are not replacing them with Nobel prize winners, they are taking monkeys(cheap bobs) for nuts.

[northernladuk]

Plus Barclays HR is replacing Contractors with Consultancies. Not sure why, but contractors are not popular any more...

If this forum is anything to go by it would be because they are all cretins.

[AndrewK]

Well said. Rate Cuts + 15 working days furlough + bunch of Mandatory Compliance courses each quarter

Plus Barclays HR is replacing Contractors with Consultancies. Not sure why, but contractors are not popular any more...

[MrMarkyMark]

Are you sure? All banks have 3 weeks? I can name you a lot with 0.

bunch of Mandatory Compliance courses each quarter

Errrrrm, I believe he was discussing the highlighted text, rather than the furlough.

[AndrewK]

All banks have these or at least all IBs that I've worked in have done.

Are you sure? All banks have 3 weeks furlough ? I can name you a lot with 0.

[LondonManc]

Well said. Rate Cuts + 15 working days furlough + bunch of Mandatory Compliance courses each quarter

All banks have these or at least all IBs that I've worked in have done.

[itjobs]

First check is the see if your a bit naive. You do know you will get a rate cut in the next month + a two week furlough over Christmas.

Well said. Rate Cuts + 15 working days furlough + bunch of Mandatory Compliance courses each quarter

[Chutley]

The checks banking do are not even in the same ball park as the MOD when you go through Developed Vetting. That process costs in excess of £20k and turns every stone over. Anybody who has gone through 'the interview' will remember it well. Worth having, but sadly mine lapsed on leaving the military - use it or lose it.