So after working in consulting for around 7 years with as a perm with a salary that averages at around 80k including bonus, I’ve decided to take the plunge into contracting to chase the £ however have some reservations.
Career wise I think I’ve hit a plateau, I’ve got a unreasonable sales target which is going to hurt me getting promoted in the near future restricting any pay rises. I then work with a number of contractors who laugh at us ‘permies’ as we have to have permanent duties for our company after work, which can take up a lot of our time.
On a personal level, the other half is due and you I’m sure many of you will attest to the fact that money is even more important when this is the case. I’ve just bought a new house with a bigger mortgage then the last and the Mrs will be going on maternity for a year and then down to a four day week when she is back and will be sending the little one to nursery – more expense. I could afford the aforementioned on my current salary but it wont leave me with a great deal left come the end of the month and with little or no savings
Now my question is how many of you have done a perm to contract whilst in a similar situation. When I speak to colleagues a number of them do it with little or no responsibilities whilst I am thinking of doing it with a number responsibilities.
Is it worth the hassle? Is it worth doing it for a couple of years to build a nest egg and move back to perm for security.
How is the contract market currently? Any agencies I should be targeting?
I’m presuming I would have to quit my current role first then start applying for roles?
Any other advice is much appreciated.
Career wise I think I’ve hit a plateau, I’ve got a unreasonable sales target which is going to hurt me getting promoted in the near future restricting any pay rises. I then work with a number of contractors who laugh at us ‘permies’ as we have to have permanent duties for our company after work, which can take up a lot of our time.
On a personal level, the other half is due and you I’m sure many of you will attest to the fact that money is even more important when this is the case. I’ve just bought a new house with a bigger mortgage then the last and the Mrs will be going on maternity for a year and then down to a four day week when she is back and will be sending the little one to nursery – more expense. I could afford the aforementioned on my current salary but it wont leave me with a great deal left come the end of the month and with little or no savings
Now my question is how many of you have done a perm to contract whilst in a similar situation. When I speak to colleagues a number of them do it with little or no responsibilities whilst I am thinking of doing it with a number responsibilities.
Is it worth the hassle? Is it worth doing it for a couple of years to build a nest egg and move back to perm for security.
How is the contract market currently? Any agencies I should be targeting?
I’m presuming I would have to quit my current role first then start applying for roles?
Any other advice is much appreciated.
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