1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
  • Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

retainer

Collapse
X
1 to 6 of 6 Previous template Next
Collapse
Reply to Thread
  •  
  • Filter
  • Time
  • Show
Clear All
new posts
1 to 6 of 6 Previous template Next
    #1

    retainer

    ... for want of a better phrase ...

    Anyone heard of City banks taking 10% of your daily rate and giving it back at the end of the contract period?

    JPMorgan and Hays IT - do they do it?
    Tags: None
    #2
    What is it for? Never heard of anything like that. Sounds v dodgy
    "Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "


    Thomas Jefferson

    Comment

      #3
      Sounds like Hays taking the p***
      Your parents ruin the first half of your life and your kids ruin the second half

      Comment

        #4
        Never heard of it. I concur - bargepole do not touch with,
        ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

        Comment

          #5
          A major company I worked at once (permie) used to have a 'bonus' for contractors who finished the project. Also, for large fixed price deliverables it is common to keep a portion of the cost back dependent on sucessful delivery.

          HTH

          Comment

            #6
            If it's in your contract and you agreed to it, then hey, why not.

            If not, **** off.

            Quite simple really.

            Comment

            Reply to Thread
            1 to 6 of 6 Previous template Next

            Advertisers

            1. Contracting
              1. General
                1. Brexit
              2. Business / Contracts
                1. Coronavirus Assistance
              3. Accounting / Legal
                1. Umbrella Companies
                2. HMRC Scheme Enquiries
                3. The Future of Contracting
                4. IR35 Reform
              4. Technical
              5. Welcome / FAQs
            2. Social
              1. Light Relief
              2. Social / Events
            Working...
            X