Lloyds restriction on contract role if previously employed in previous six months

[kryten22uk]

Definitely not an LBG policy. I know many people going in/out of LBG, rehiring after break, etc. That said, I've seen/heard some LBG hiring managers being quite obtuse in phone calls with agents about what they like/dislike. So could entirely be the choice of your specific the hiring manager.

One thing I heard a manager being very firm with an agent about, was that they will pay a set rate and will absolutely not accept the agent passing on some of their cut to the contractor. They wanted to ensure they had control over exactly how much each contractor got paid. Think it was so there was no controversy incase contractors compared pay.

[uk contractor]

This reminds me of Credit Suisse & Morgan Stanley in Canary Wharf. Both directly opposite each other in Cabot Square. Staff used to hop between the sites all the time. They used to both enforce if you worked for the other one you cannot work for us for a year policy back in the 2000s.

[Lance]

Some clients have a rule that they'll take the same contractor back but only on the same, or lower, day rate.
Which can be frustrating if you go back for a different role.

[Lance]

Well if you left on good terms then just go direct? Get back in contact with the manager that way you get your rate plus agent fees. Sometimes the clien prefers direct as the hiring process is reduced

That's never going to work with a bank. With an SME maybe but not a bank. Getting your company onto the preferred supplier list is too much effort for one bum on a seat.

[countryboy]

I'm guessing this was in response to them asking 'what rate are you on' or similar? I tend to give a range, slightly higher than normal and add I'm flexible depending on the role, location etc. Usually end up towards the lower range which is what I was after anyway so everyone is happy.

It could be you've picked someone that's both particularly dense even for an agent and someone more cut throat than usual. He's not appreciated the fact you are flexible, just taking your answer as verbatim and he's got a desk full of cheaper guys so CBA to go back and negotiate.


I could be wrong and it could be you've just left or the handcuff issue (which I'm not so sure about). It just seems a bit easier for an agent to say you can't go back rather than you're crap or you are too expensive.

You've got nothing right now so you could possibly go back and say you'd take what you've seen in the advert hoping the period hasn't closed or just move on as we often have to.

At JPM it is 6 months for a contract role. One year for a permanent role.

BP has something similar in place. I think it has something to do with redundancy regulations.

Thanks for all replies. I spoke direct to the agent. He states the advice came from the agents relationship manager. Quizzed him on rates and states they are putting forward people at 60 -80 below my rate. I would be flexible on rate but know from experience this is a tough project so not happy to work for what agent will offer.

Have gone back to the crew that placed me on the previous project as they are fine with absorbing my rate. No guarantees they can place me but am fine with sitting on the bench a little longer

[cosmic]

Well if you left on good terms then just go direct? Get back in contact with the manager that way you get your rate plus agent fees. Sometimes the clien prefers direct as the hiring process is reduced

[Contractor101101]

BP has something similar in place. I think it has something to do with redundancy regulations.

[GreenMirror]

At JPM it is 6 months for a contract role. One year for a permanent role.

[northernladuk]

Absolutely! I told him this was my 'usual' rate. He didn't give any indication my rate was a deal breaker. In fact if he had tried to negotiate a lower rate I had some wiggle room. I only realised I was higher when I came across his advert on jobserve. Cheers

I'm guessing this was in response to them asking 'what rate are you on' or similar? I tend to give a range, slightly higher than normal and add I'm flexible depending on the role, location etc. Usually end up towards the lower range which is what I was after anyway so everyone is happy.

It could be you've picked someone that's both particularly dense even for an agent and someone more cut throat than usual. He's not appreciated the fact you are flexible, just taking your answer as verbatim and he's got a desk full of cheaper guys so CBA to go back and negotiate.

I could be wrong and it could be you've just left or the handcuff issue (which I'm not so sure about). It just seems a bit easier for an agent to say you can't go back rather than you're crap or you are too expensive.

You've got nothing right now so you could possibly go back and say you'd take what you've seen in the advert hoping the period hasn't closed or just move on as we often have to.

[countryboy]

Am I the only one thinking if you'd gone in at advertised rate there might have been a completely different outcome?

I'd expect the client has a rate card and the choices the agent has is to swallow the rate from his commission (not going to happen) or he gets in to a protracted discussion asking the client for more money when he's got a pile of CV's happy to accept the advertised rate (not going to happen).

See what I am getting at?

Absolutely! I told him this was my 'usual' rate. He didn't give any indication my rate was a deal breaker. In fact if he had tried to negotiate a lower rate I had some wiggle room. I only realised I was higher when I came across his advert on jobserve. Cheers

[countryboy]

Are you sure the agent doesn't want to put you forward because the other agency would still have ownership for 6 months?

might be worth speaking to your last agent and see if he can represent you?

Good point thanks. Previous agent provided a waiver so don't think that's the issue. Cheers

[northernladuk]

On the other hand I noticed I was asking £50 above the agents advertised rate...

Am I the only one thinking if you'd gone in at advertised rate there might have been a completely different outcome?

I'd expect the client has a rate card and the choices the agent has is to swallow the rate from his commission (not going to happen) or he gets in to a protracted discussion asking the client for more money when he's got a pile of CV's happy to accept the advertised rate (not going to happen).

See what I am getting at?

[moggy]

Hi - just wondering if anyone has heard of LBG not considering you for a contract role if you have worked with them in the last six months?

I didn't renew my most recent contract with LGB which ended at start of September. Finished up because the role wasn't best fit for my experience.

Different agent called me about a role on a programme I worked on recently for a few years but came back to say it was a no-go because I just left the bank.

A colleague was told a similar story so guess it's for real.

On the other hand I noticed I was asking £50 above the agents advertised rate...

I left LBG on very good terms. Last time around they offered longer extension than usual and choice of projects so think my reputation is sound. Trying not be paranoid... 🤔

Are you sure the agent doesn't want to put you forward because the other agency would still have ownership for 6 months?

might be worth speaking to your last agent and see if he can represent you?

[countryboy]

Hi - just wondering if anyone has heard of LBG not considering you for a contract role if you have worked with them in the last six months?

I didn't renew my most recent contract with LGB which ended at start of September. Finished up because the role wasn't best fit for my experience.

Different agent called me about a role on a programme I worked on recently for a few years but came back to say it was a no-go because I just left the bank.

A colleague was told a similar story so guess it's for real.

On the other hand I noticed I was asking £50 above the agents advertised rate...

I left LBG on very good terms. Last time around they offered longer extension than usual and choice of projects so think my reputation is sound. Trying not be paranoid... 🤔