Reply to: Bank of America joins (nearly) every other bank in banning PSCs

[ladymuck]

One we are all forced in to paye, we should do a general strike and make them pay for us when we not there. They wanted paye....

You don't get paid while on strike. Your union membership dues are often used to cover that. Not always, mind.

[PeterSim]

One we are all forced in to paye, we should do a general strike and make them pay for us when we not there. They wanted paye....

[BolshieBastard]

MBNA were always somewhat removed from the BoA mainstream. Having contracted literally over the road from you at a BoA site, I don't relate to any of this.

Ah, M&S Money?

[realaledrinker]

Having worked at BoA when they owned a large credit card issuer in the UK, I can tell you most of the contractors or rather permie tractors there, havent a clue about IR35.

I remember when the bank forced the introduction of a contractor timesheet sign in regime. Most of the permie tractors were ok with it and didnt grasp the wider implications it signalled the start of direction, supervision never mind control when their bums should be on the seat. (Trust me, you had to be there to appreciate this!)
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MBNA were always somewhat removed from the BoA mainstream. Having contracted literally over the road from you at a BoA site, I don't relate to any of this.

[BolshieBastard]

Having worked at BoA when they owned a large credit card issuer in the UK, I can tell you most of the contractors or rather permie tractors there, havent a clue about IR35.

I remember when the bank forced the introduction of a contractor timesheet sign in regime. Most of the permie tractors were ok with it and didnt grasp the wider implications it signalled the start of direction, supervision never mind control when their bums should be on the seat. (Trust me, you had to be there to appreciate this!)

The agency got a very small change to some mechanics of the system and the permie tractors were clapping like a load of sea lions being thrown a sprat in a zoo at theannouncement.

Of course BoA sold off that card company and the ethos might have been different in the London \ SE office.

[simes]

^^^^^ This is not a good negotiating strategy ^^^^^

Maybe not in the general sense of the word.

But there will soon be a clients' market, and there Has been a contractors' market.

The former will have rates dictated to you, in the large part. And the latter one can freely negotiate.

[portseven]

is there any bank that is NOT blanket banning PSC's?

[Paralytic]

there doesn't appear to be any opportunity to negotiate with the banks!

No, but there is with the agency. Granted, its a lot easier at initial engagement rather than when you're already there, moving to Umbrella, and asking for a rate bump. I think you'd be shown the door.

[JohntheBike]

^^^^^ This is not a good negotiating strategy ^^^^^

there doesn't appear to be any opportunity to negotiate with the banks!

[wiffwaffwaa]

^^^^^ This is not a good negotiating strategy ^^^^^

+1

[Lance]

how on earth do you PUT YOUR RATES UP? your rate is what the client pays. Not what you ask.

^^^^^ This is not a good negotiating strategy ^^^^^

[AnthonyQuinn]

Will they be putting their rates up to maintain a constant income?

how on earth do you PUT YOUR RATES UP? your rate is what the client pays. Not what you ask.

[realaledrinker]

Lots of low hanging fruit there. Moratorium on permanent recruitment has led to plenty permitractors covering vacant roles.

[Kanaiya]

No rate increase for anyone

One bank is about to cut all rates 20% next month across the board


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Do you know which bank ?


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[GhostofTarbera]

Will they be putting their rates up to maintain a constant income?

No rate increase for anyone

One bank is about to cut all rates 20% next month across the board


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