Computer People

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tim123 replied

30 January 2009, 09:22
Originally posted by CoolerKing View Post

Found out today that this outfit were responsible for 'completing a market comparison of IT contractor rates in the UK against its peers in the finance sector in light of the current commercial climate' the result of which initiated a 15% reduction across the board in one financial institution.......

The rate practically makes it cheaper to hire a contractor than it is to recruit a permie.......

Great, can I have a job please

tim
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minestrone replied

30 January 2009, 08:00
they sent me the same line yesterday telling us we were going from a 7 hour day to a PWD of min 7 hours.

They hit us with the 15% drop last week.
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CoolerKing started a topic Computer People

29 January 2009, 22:35
Computer People

Found out today that this outfit were responsible for 'completing a market comparison of IT contractor rates in the UK against its peers in the finance sector in light of the current commercial climate' the result of which initiated a 15% reduction across the board in one financial institution.......

The rate practically makes it cheaper to hire a contractor than it is to recruit a permie.......

Apparantly due to CP's high volume/low margin strategy this 'shoot in the foot' report will strengthen their market hold.....
Hence I now intend giving up contracting and looking for a permamnent position.

Nice going CP, wipe out yer business in one full swoop.
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