That maybe the case, but until management rubber stamp the budget cuts that is exactly what happens. I remember project staff in 2001 being take on and then sacked again a few weeks later.
But then again....
It may all be a conspiracy propogated by aliens.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: General state of the contract market
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "General state of the contract market"
Collapse
-
Originally posted by BlasterBates View PostDifficult one as you have an offer. It looks like the contract market will get difficult over the next six months. For example the newspapers are reporting RBS and UBS to sack 16000 (in total) in the next couple of months, and though that would be worldwide, mainly in the US and UK. On the other hand away from financials it doesn't look too bad. Financially you need to be prepared for a few months on the bench, but that applies particularly at the moment. Take a look at where you're going, are they likely to be hit?
Leave a comment:
-
Yeah, well that was the exact story that got me thinking to be honest!
I would effectively be subcontracting my services to a large IT company for work on some of their projects. Fortunately they seem to have a diverse range of customers from commercial, finance, public sector etc so hopefully it wont be too bad. What I am wondering about is any knock effects I suppose...
You are right, you always need to be prepared for a few months on the bench and I am certainly going to save most of the cash I make to mitigate against any down time.
Leave a comment:
-
State of the market
I am not looking for a new gig right now but I do keep and eye on things and check my RSS feeds from jobserve each day. I'm sure each area of expertise is different but here are my observations
Volumes of jobs seem to have reduced a little, but are in no way dead or seriously reduced as the doom mongers say
Having said that, supply will have undoubtedly increased recently due to the recent en mass layoffs
Average rates do seem to have dropped, perhaps 10 - 20% ish, altho I do see the odd howler of like £15/hour etc (around 1/3 of a decent rate) and think noone can be that desparate... surely?
Leave a comment:
-
Originally posted by BlasterBates View PostDifficult one as you have an offer. It looks like the contract market will get difficult over the next six months. For example the newspapers are reporting RBS and UBS to sack 16000 (in total) in the next couple of months, and though that would be worldwide, mainly in the US and UK. On the other hand away from financials it doesn't look too bad. Financially you need to be prepared for a few months on the bench, but that applies particularly at the moment. Take a look at where you're going, are they likely to be hit?
Leave a comment:
-
Difficult one as you have an offer. It looks like the contract market will get difficult over the next six months. For example the newspapers are reporting RBS and UBS to sack 16000 (in total) in the next couple of months, and though that would be worldwide, mainly in the US and UK. On the other hand away from financials it doesn't look too bad. Financially you need to be prepared for a few months on the bench, but that applies particularly at the moment. Take a look at where you're going, are they likely to be hit?
Leave a comment:
-
General state of the contract market
OK - newbie(ish) question coming up (not IR35 related!!!) but I was wondering what everyone's thoughts were on the state of the UK contract market at the moment (or more to the point how it is likely to be later on in the year), in light of the credit crunch etc.
I am currently working as a permie tech consultant (AD/Exchange/SMS, i.e. infrastructure) and have been offered a contract that I am thinking of taking. Obviosuly I am aware that in general when any company decides to cutback, contractors are one of the first to go, and that contracting by its very nature is temporary etc etc - I just don't want to jump into a market that is going to dry up really soon.
Anyway, any comments much appreciated
ThanksTags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: