Can bank cut your rates within the first months of your contract?

**vwdan** · 25 July 2016, 22:46

It's contracting. They can bin you off at any time - why spend time worrying about it?

**northernladuk** · 25 July 2016, 22:55

Who says that exactly? Your contract is likely with the agent not the bank anyway but all they do is serve you your notice and offer you the same role at 10% less.

Are you trying to get that in the contract or is that what the agent is telling you?

**FatLazyContractor** · 26 July 2016, 06:47

Originally posted by ujjain View Post

I'm negotiating with a big bank that says they wouldn't be able to cut the rates 10% in the first 12 months anyway.

Negotiating with a bank? Since when have banks started taking contractors direct?

**psychocandy** · 26 July 2016, 07:27

Originally posted by northernladuk View Post

Who says that exactly? Your contract is likely with the agent not the bank anyway but all they do is serve you your notice and offer you the same role at 10% less.

Are you trying to get that in the contract or is that what the agent is telling you?

That would be a good one for the agent to string out this load of crap !!!!!

**MrMarkyMark** · 26 July 2016, 08:01

Originally posted by FatLazyContractor View Post

Negotiating with a bank? Since when have banks started taking contractors direct?

They do, but unfortunately you usually have to use their outsourced recruiter

**LondonManc** · 26 July 2016, 08:08

Banks can (and do) cut rates whenever they want. They cut mine after only five weeks as part of a bank-wide cut. You're lucky if you escape these (or mission critical).

**ujjain** · 26 July 2016, 09:08

Originally posted by LondonManc View Post

Banks can (and do) cut rates whenever they want. They cut mine after only five weeks as part of a bank-wide cut. You're lucky if you escape these (or mission critical).

The recruitment agency told me they couldn't cut rates in the first 12 months, lies?

**MrMarkyMark** · 26 July 2016, 09:12

Originally posted by ujjain View Post

The recruitment agency told me they couldn't cut rates in the first 12 months, lies?

Read NLUKs response, above.

The only way you would know the agent's statement to be actually true would be to see the agencies contract with the bank.

**FatLazyContractor** · 26 July 2016, 09:24

Originally posted by ujjain View Post

The recruitment agency told me they couldn't cut rates in the first 12 months, lies?

Can bank cut your rates within the first months of your contract?