Reply to: IBM cutting rates

[b0redom]

Apparently not this time. I've just been given a release date. Budge up on the bench.

[BigTime]

They're only cutting the rates of the weak. Anyone who says no thanks will get extended at the same rate and told not to tell anyone.

[malvolio]

So of the major service company players, by that I mean:

IBM
Cap Gemini
Fujitsu
Accenture
Logica

It feels like I've missed 1 out but hey ho, I'll update it if I think of it later.

Atos
Capita
Siemens

[chef]

So of the major service company players, by that I mean:

IBM
Cap Gemini
Fujitsu
Accenture
Logica

It feels like I've missed 1 out but hey ho, I'll update it if I think of it later.

My question is, in what order would you place them with top of the list being the worst to work for/with and thus the bottom of the list being the least worst to work for?

[quackhandle]

Oddly enough I have found out I am sitting next to some IBM recruiters (who engage contractors through Hays) and they have not heard anything about this rate cut.

Asked them about IR35. They had never heard of it.

qh

[d000hg]

Don't all contracts have this? MOO?

Yes but it's normally there just to placate IR35, not to be used in anger... note your MOO clause is with your agent so it matters if the agent has a MOO clause with the client.

[ChimpMaster]

IBM are the worst service company I have ever had to engage with (yes, worse then Fuijitsu). Wouldn't even entertain a contract with these guys.

Accidenture were worse Shirley?

[kaiser78]

IBM slices UK GTS contractor rates ? The Register

FYI

IBM are the worst service company I have ever had to engage with (yes, worse then Fuijitsu). Wouldn't even entertain a contract with these guys.

[b0redom]

Don't all contracts have this? MOO?

[dmini]

Makes a change. Normally they just shove all the contractors onto 3 weeks furlough about this time of year. Or.... maybe they will do that as well. Believe it's written into the contracts these days

[BolshieBastard]

I always find it pays to not work for companies that always seem to head the rate cutting queue ie Barcrap, IBM and the like.

[d000hg]

That's my take on it. Seems odd though, it must mean they pay people on hourly rates quite a tulip amount in comparison to those on daily rates.

Different role.

[dogzilla]

2 different rate definitions. Daily rate != Hourly rate * number of hours. Different 'types' of contractors, usually daily raters earn more but the implication is that they might be expected to work longer but not charge any extra.

That's my take on it. Seems odd though, it must mean they pay people on hourly rates quite a tulip amount in comparison to those on daily rates.

[doomage]

How does that work then?

2 different rate definitions. Daily rate != Hourly rate * number of hours. Different 'types' of contractors, usually daily raters earn more but the implication is that they might be expected to work longer but not charge any extra.

[RasputinDude]

£425 and an average hourly rate of £24.95.

How does that work then?