Jobs then....
Mar 25th 2009, 11:36 am
#16
Big Member
Joined: Jul 2005
Posts: 3,889
Re: Jobs then....
a little different, but there was a spate of 'contract releases' (cancelling existing contracts) by companies in the UK for the purposes of showing better balance sheets in the first round of reporting in the new year, hence the layoffs around xmas time. now that they've got through their first bunch of reporting, they're on the lookout to get the people back (at reduced rates, of course! 
)
perhaps this is a similar thing? stop all the construction, reevaluate the developers position, and start up again on those projects that are the most viable?
(or am i talking out of my @rse again?
)
)perhaps this is a similar thing? stop all the construction, reevaluate the developers position, and start up again on those projects that are the most viable?
(or am i talking out of my @rse again?
)I know of a lot of IT contractors who are struggling to find work at moment in UK though.
Mar 26th 2009, 7:20 am
#17
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Joined: Jul 2007
Location: London and Dubai
Posts: 1,072
Re: Jobs then....
yep IT is the first to go for some reason... Our IT dept took a major beating here and then they decided to kill off the whole dept in one of our internation subsidaries... on the other hand though we're spending more money on IT consultancy and agency fees... go figure.
Mar 26th 2009, 12:12 pm
#18
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Joined: Feb 2008
Location: Dubai
Posts: 656
Re: Jobs then....
yep IT is the first to go for some reason... Our IT dept took a major beating here and then they decided to kill off the whole dept in one of our internation subsidaries... on the other hand though we're spending more money on IT consultancy and agency fees... go figure.
For a full time employee there are on costs so it isn't just the salary. you have medical insurance, pensions, holiday pay, sick pay, maternity pay, redundancy / severence pay, plus if you sack them there's the likelihood of a tribunal.
At least with agency you can pay xxx per day and thats it. If they don't turn up you don't pay. If you don't like them or they don't do what you want them to do you sack them without any implications. Plus if the agency seriously cocks something up you could probably claim off their insurance.
Thats my take on it anyways.
Mar 27th 2009, 3:10 pm
#19
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: Jobs then....
Yes but if you weigh up the costs of employing agencies and consultants compared to the all in costs of an employee the additional cost isn't that great.
For a full time employee there are on costs so it isn't just the salary. you have medical insurance, pensions, holiday pay, sick pay, maternity pay, redundancy / severence pay, plus if you sack them there's the likelihood of a tribunal.
At least with agency you can pay xxx per day and thats it. If they don't turn up you don't pay. If you don't like them or they don't do what you want them to do you sack them without any implications. Plus if the agency seriously cocks something up you could probably claim off their insurance.
Thats my take on it anyways.
For a full time employee there are on costs so it isn't just the salary. you have medical insurance, pensions, holiday pay, sick pay, maternity pay, redundancy / severence pay, plus if you sack them there's the likelihood of a tribunal.
At least with agency you can pay xxx per day and thats it. If they don't turn up you don't pay. If you don't like them or they don't do what you want them to do you sack them without any implications. Plus if the agency seriously cocks something up you could probably claim off their insurance.
Thats my take on it anyways.
Mar 28th 2009, 8:11 am
#20
Joined: Apr 2008
Posts: 872
Re: Jobs then....
the suspicion is that in the banking market in london that the trend will be more for agency/contract staff for all the flexibility reasons PLUS you don't have to pay them bonuses (which, at least to shareholders, is a big thing).
