HP axes UK contractor rates
PrintA lot of a trend
Posted in Business, 31st March 2003 12:32 GMT
Free whitepaper – Power distribution systems for the Dell PowerEdge M1000e Modular Server Enclosure
HP is to cut contractor pay rates from April 7 by 10 per cent as a "first step" to bringing its remuneration packages in line with the rest of the industry.
"Contractor pay rates [at HP] are significantly above current industry rates and do not reflect the current 'over-supply' of IT Contractors in the market," the company said in a letter to contractors explaining the decision.
A month ago, BT imposed a similarly non-negotiable 12.5 per cent pay cut on contractors employed by its BT Computing Partners division. The pay cut, which comes into force from the start of the new tax year next month, is the latest in a series of pay cuts to fall on BT contractors since October 2001, that have left workers with a third less take home pay.
BT often leads the trend in what contractors can expect to be paid by major IT employers in the UK. ®
Related Stories
Contractor Loses crucial IR35 High Court case
Contractors lose out in Concept Telecom collapse
BT cuts IT contractor rates. Again
Free whitepaper – SPECjbb2005 performance and power consumption on Dell, HP, and IBM blade servers
Enabling The Agile Data Center
Hosted CRM Can Be Your Secret Weapon to Success!
Checklist: Midmarket ERP Solutions
Automating the Acquisition Process with Enterprise Level CRM
Buyer's Guide: ERP Systems
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter