I am starting to get used to effects of bench time
- the first week on the bench is great - it gives you time to recouperate from the project (especially the final sprint to get the project completed)
- there is a mental taxing part - the stigma of not earning fees and the uncertainty of whether a project you have been forward for will come actually happen
For a consultancy that has both permanent and contract staff - The deck is stacked against you at review time - consultancies measure part of your performance as 'time billed'. However if you are permanent, I believe they tend to place your name against projects that are more volatile in terms of whether the project will happen or not.
Also after enough time on bench, your standards tend to be worn down. Eventually you will take any project you are offered - just to get off the bench. Projects that you would have never considered in your wildest dreams - now start to look attractive.
This is another side affect - you might hope to work on projects of type Z and your name has been put forward for a Z projectYou sit on the bench for a month, clocking up negative billed time (possibly passing the limit on your review success criteria), eventually you just end up working on whatever you can.
The secret is to use your bench time effectively - this can be difficult if you dont know what project you will be on next week. Which asset class should you read up about, what technology should you study - if you don't know which project it will be. You need to have a plan of skills to learn and personal projects focus on getting these done.