IT contractors face more pay cuts now with IBM

Date: April 02, 2009

Working as an IT contractor within the IT industry is becoming an ever more challenging place to be. WIth news from IBM showing that UK contractors may be targeted with pay cuts of around 10% despite growth and profit forecasts, contractors are understandably at a loss.

IBM joined other major international companies cutting back on contractor and staffing costs such as BP who announced reductions in IT contractor rates of a similar amount in February. Contractors feel that irrespective of market conditions if a company is riding the recession and shows strengths when others are floundering, why should pay cuts be implemented.

It is a crucial time to look at cost savings and OrangeGenie provide excellent IT contractor umbrella rates, specialising in IT contracting umbrella company services. Now may be the time to switch to Orangegenie, save cost and time with a fresh look at your outgoings.

Our contractor portal allows staff to upload expenses, manage their outgoings and keep up to date with their finances online through an easy to use interface. You can view a demo of our contractor portal here, and if you complete our call back form one of our trained umbrella staff will contact you at your desired time to discuss how we can help with your PAYE during difficult times.

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