Drop in demand for financial services contractors

[the_rangdo]

Plenty of FS demand in the North West - current Client Co already plenty of contractors on-site and actively trying to get loads more. Sounds the same at other companies nearby too.

[Ruprect]

Off shoring a lot of dev and testing

[DeludedAussie]

That might be your view and experience of course, but despite there being a perceived need for those skills in today's climate; reality is that there are less roles,depressed rates with too many newbies coming in...

Booming where I am - Goldman Sachs FX markets on fire

[stillooking]

Can't speak for IT but in the heady world of procurement its been boom time for the past 18 months with no sign of slowing down so far. Lack of decent experienced permies creates a steady demand for interims to deliver cost reduction/post merger savings...

That might be your view and experience of course, but despite there being a perceived need for those skills in today's climate; reality is that there are less roles,depressed rates with too many newbies coming in...

[DimPrawn]

Can't speak for IT but in the heady world of procurement its been boom time for the past 18 months with no sign of slowing down so far. Lack of decent experienced permies creates a steady demand for interims to deliver cost reduction/post merger savings...

This has been an issue for at least the last 20 years in my experience.

[achillea]

Can't speak for IT but in the heady world of procurement its been boom time for the past 18 months with no sign of slowing down so far. Lack of decent experienced permies creates a steady demand for interims to deliver cost reduction/post merger savings...

[thunderlizard]

Although the number of confirmed permanent job offers made within the industry fell by just 2% in January compared to December 2010, the fall in demand for contractors is quite startling, considering how much stability has returned to the permanent jobs market.

really? I've usually thought more permanents means less contractors needed anyway.

[alreadypacked]

79%

Big drop in demand for financial services contractors


What's the news on the ground, anyone facing the bench?

This is for January, several things to be taken into account:
In the current climate people are not as inclined to move/winter holiday as much as they might have done.
Projects currently funded are shorter, i.e. finishing up in Jan/Feb.
Or new project are not kicking off during the year.

So March should be boomed for new roles

[sasguru]

And if you are an old permie fart like yourself?

Boomed. My skills are beyond any market fluctuations.

One thing that will not be purchased is SKA what with all the budget cutting.

[AtW]

If you are a plain vanilla developer, quite possibly projects are being shelved temporarily, so doomed. If you're business critical BI (risk, credit etc.), boomed.

And if you are an old permie fart like yourself?

[sasguru]

79%

Big drop in demand for financial services contractors


What's the news on the ground, anyone facing the bench?

Well financial services is a big area.
If you are a plain vanilla developer, quite possibly projects are being shelved temporarily, so doomed.
If you're business critical BI (risk, credit etc.), boomed.

[BlasterBates]

79%

Big drop in demand for financial services contractors


What's the news on the ground, anyone facing the bench?