Reply to: Spotted on JobServe: Canary Wharf bank (Barclays?) contractor to consultant backfill!

[ContractorBanking]

For this thread specifically, canary wharf and bank, you'd expect most (granted, not all) BAs to have decent domain experience, hence usually commanding a high day rate. Most banks would not even interview a contractor BA without significant experience in the domain. There are many BA's on jobserve, but few with detailed product experience.

Having said that, I wonder if consultancy in this advert outsourcing to the "tier one Investement Bank" think they can wing it with any BA's.

Agreed, 100%. If you don't have domain experience you're no good. Helps more if you're an SME and can lead from the front and drive the change.

[wiffwaffwaa]

Also depends on the location. I know BAs on less than that, and a simple search of JobServe shows lots of contracts under £500/day

Find "BUSINESS ANALYST" Jobs with JobServe.com

(not sure how long that search link will last, but just search for business analyst/contractor)

For this thread specifically, canary wharf and bank, you'd expect most (granted, not all) BAs to have decent domain experience, hence usually commanding a high day rate. Most banks would not even interview a contractor BA without significant experience in the domain. There are many BA's on jobserve, but few with detailed product experience.

Having said that, I wonder if consultancy in this advert outsourcing to the "tier one Investement Bank" think they can wing it with any BA's.

[PCTNN]

I’ve never looked at fixed term contracts. If you’re engaged in one, are you eligible for permie benefits? Sick pay, holiday etc?

I think you are eligible for permie benefits if you are engaged in a FTC. Was working with a colleague once who was on a FTC and he had everything I had (I was a permie at the time): holiday, sick pay, pension, flexi time, training and events tickets. In practice he was a permie but had to go through contract renewals every X months until he was made permanent.

[Paralytic]

I've never seen a FTC that wasn't a pro rata annual salary.

I've been offered them before by clients who wanted me to stay longer term. I've always thought it was the worst of both worlds but in the new climate, I suspect FTCs will become more common.

What about this one?

https://www.contractoruk.com/forums/...ml#post2688875



I wonder if this the client/agent trying to be smart and entice people who would otherwise bypass FTCs; so they're taking the equivalent annual salary (pre pro-rata) and diving it by ~220 to give a day rate.

[edison]

Most FTCs are quoted on a pro rata wage. Don't think I've seen one on a daily rate and definitely not that high.

I've never seen a FTC that wasn't a pro rata annual salary.

I've been offered them before by clients who wanted me to stay longer term. I've always thought it was the worst of both worlds but in the new climate, I suspect FTCs will become more common.

[jds 1981]

but I don't know any BA that would go as low as £500.

*Yet

Just wait half a year before they start to break.

[BlueSharp]

FTC employees cannot be treated less favourably than permanent employees

Fixed-term employment contracts: Employees' rights - GOV.UK

The details would be in the contract. For example, a day rate contract might not be expected to pay on days off and sick pay would likely be statutory only.

Now the bun fight will be who pays the Employers NI.

[Paralytic]

That depends on your domain specialism, doesn’t it?
If you’re in Finance that may well be the case.

Also depends on the location. I know BAs on less than that, and a simple search of JobServe shows lots of contracts under £500/day

Find "BUSINESS ANALYST" Jobs with JobServe.com

(not sure how long that search link will last, but just search for business analyst/contractor)

[cojak]

hhhmmm, I'm on the buy side, but I don't know any BA that would go as low as £500. I'd imagine the sell side wouldn't be any lower.

That depends on your domain specialism, doesn’t it?
If you’re in Finance that may well be the case.

[Anonimouse]

FTC’s usually include holiday, bank holidays etc and staff benefits I.e staff discount.

[northernladuk]

Most FTCs are quoted on a pro rata wage. Don't think I've seen one on a daily rate and definitely not that high.

[Paralytic]

I’ve never looked at fixed term contracts. If you’re engaged in one, are you eligible for permie benefits? Sick pay, holiday etc?

FTC employees cannot be treated less favourably than permanent employees

Fixed-term employment contracts: Employees' rights - GOV.UK

The details would be in the contract. For example, a day rate contract might not be expected to pay on days off and sick pay would likely be statutory only.

[b0redom]

I’ve never looked at fixed term contracts. If you’re engaged in one, are you eligible for permie benefits? Sick pay, holiday etc?

[wiffwaffwaa]

It'd be interesting to know if the contractors that are being replaced were on £500/day or whether the client bumped the daily rate to compensate for the employee taxes.

hhhmmm, I'm on the buy side, but I don't know any BA that would go as low as £500. I'd imagine the sell side wouldn't be any lower.

[Paralytic]

Possibly. It just stated a day rate and said 'Type Permanent' which makes little sense unless they're trying to say the perm salary is the equivalent of 500 p/day?

Read above. It makes perfect sense. It’s a fixed term employee contract, £500 per day, taxed PAYE.