Originally posted by PCTNN
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Previously on "Anyone who has 'went perm', how has it been?"
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Originally posted by PCTNN View PostAnd is this a bad thing for contractors? This way of working is what makes 6 months projects last for 18 months; it's what fattens up our warchests and pays off our mortgages.
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Originally posted by ladymuck View PostOr...
Attracts permietractors who spend all they earn and go bankrupt when the gig suddenly ends
Know a guy, ex colleague, who was on £475 a day for 24 months; didn't save one penny, his contract didn't get renewed just after he got tied in a 12 month lease for a very expensive house. The poor guy had to take a 30k a year permie salary and take out several wonga loans to get him to his next paycheck.
Not the sharpest tool in the shed, aka your typical front-end dev
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Originally posted by PCTNN View PostAnd is this a bad thing for contractors? This way of working is what makes 6 months projects last for 18 months; it's what fattens up our warchests and pays off our mortgages.
Attracts permietractors who spend all they earn and go bankrupt when the gig suddenly ends
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Originally posted by LondonManc View PostRetail seemed very much a case of "we've always done it this way, no matter how wrong it is" with no desire to improve.
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Originally posted by ladymuck View PostI've not heard anything good about contracting in IB. If you're not part of the old boy's club, it can be very much a bunch of snarky insiders who will obstruct you at every turn. Yeah the pay can be excellent but be prepared to have no life and be treated like tulip.
By contrast, retail banking can be ok if you're in the right team with decent management support but they have no money so everything is stuck together with sticky tape and bluetac.
Retail seemed very much a case of "we've always done it this way, no matter how wrong it is" with no desire to improve. Using SQL Server 2005 in 2017, etc. with a mad scramble to get it upgraded (but only to 2008.....) and an illusion that Excel as a reporting tool won't get you audit points.
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Originally posted by ladymuck View PostI've not heard anything good about contracting in IB. If you're not part of the old boy's club, it can be very much a bunch of snarky insiders who will obstruct you at every turn. Yeah the pay can be excellent but be prepared to have no life and be treated like tulip.
By contrast, retail banking can be ok if you're in the right team with decent management support but they have no money so everything is stuck together with sticky tape and bluetac.
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I've not heard anything good about contracting in IB. If you're not part of the old boy's club, it can be very much a bunch of snarky insiders who will obstruct you at every turn. Yeah the pay can be excellent but be prepared to have no life and be treated like tulip.
By contrast, retail banking can be ok if you're in the right team with decent management support but they have no money so everything is stuck together with sticky tape and bluetac.
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Originally posted by heyya99 View PostWhat made it horrible?
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Originally posted by NotAllThere View PostThe banking sector as a whole are not renowned for being amazing employers. Other sectors are available.
Yes good post BritishLad88. If you are still at the stage of having money worries then I'd be going Perm. In the 90s you could earn double, maybe even triple what your permie Team Lead was on and no IR35 worries. Once it's getting to paying almost the same and possibly worse if you are forced to pay full NI then.....Last edited by rootsnall; 29 June 2020, 11:12.
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Originally posted by DimPrawn View PostI think I can sum this all up as:
A great perm job is better than a tulip or no contract
A great contract role is better than a permie role.
If it's a toss up between a tulip perm role and a tulip contract, I'd take the contract.
If you're feeling like your skillset is becoming niche, bite the bullet, go perm for a few years to reskill then go contracting with your new skill. Or get your own ltd to pay for your (relevant) training, or even pay for it yourself.
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