Nice Christmas present, NOT !

[Hunting 784561]

This thread certainly has some entertainment value .


I work with investment banks and other financial institutions, and the tide has definatley turned against contractors - they are now talking about staff 'in-sourcing'.

The basic idea is that you get more loyal staff, willing to work for less than contractors are paid, who wont walk off when a better offer comes along....

What a brilliant new business concept...

 

[dwayne]

This thread certainly has some entertainment value .


I work with investment banks and other financial institutions, and the tide has definatley turned against contractors - they are now talking about staff 'in-sourcing'.

The basic idea is that you get more loyal staff, willing to work for less than contractors are paid, who wont walk off when a better offer comes along....

What a brilliant new business concept...

contractors are as in demand as ever, just look at Jobserve, I don't see the trend turning in the near future.

 

[Hunting 784561]

contractors are as in demand as ever, just look at Jobserve, I don't see the trend turning in the near future.

Do you still work at JPM ?

 

[Simster]

I work with investment banks and other financial institutions, and the tide has definatley turned against contractors - they are now talking about staff 'in-sourcing'.

The basic idea is that you get more loyal staff, willing to work for less than contractors are paid, who wont walk off when a better offer comes along....

What a brilliant new business concept...

I've been contracting at Goldmans for 3 years - I joined when the department contained 4 contractors out of 40 staff. Now it's 10 in 50 - so I'd definintely say the tide hadn't turned against contractors.

In fact, GS seem far more concerned about getting the right person than they do about paying a few quid more for a contractor. Contractors are not necessarily an expensive option if you use them properly - he just gives the contractor some work to do and can expect to have it done. For example, not only does my manager not have to worry about training me up, but he also doesn't have to care about my career progression. This is a massive cost saving. I'll stay here as long as they want me. If I had been a younger but cheaper permy memberr of staff, I might stay to take advantage of being trained up, then move on within a year.

And no contractor worth his salt walks out of a contract as soon as a better offer comes along. I wouldn't expect to be hired if I made a habit of doing that!

 

[ali jenkins]

Well this was RBoS and believe me, I'm glad I don't bank with them !

Shit, there the Halifax now aint they?


Im with the Halifax!

 

[rospants]

the rbos is owned by natwest

 

[Biscuit]

Shit, there the Halifax now aint they?


Im with the Halifax!

BE A HIGH RANK SAVER!