100k to go perm or 550 p/d.
+ Reply to Thread
Page 1 of 2 1 2 LastLast
Posts 1 to 10 of 17
  1. #1

    Nervous Newbie

    Bobmcbob is too good to be a permie


    Join Date
    Jul 2017
    Posts
    3
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default 100k to go perm or 550 p/d.

    Long time lurker on this forum, incredibly useful site, now have a question of my own.

    I work in banking in a specialism that is in demand. I have been at my gig for 12 months and am considering going perm. I have never had an issue with finding contracts, this is my 3rd, and I have a reasonable war chest (12 months coverage).

    I generally prefer my working arrangements as a consultant and he working relationship with my clients has been excellent.

    The offers I have in the table are:

    Offer 1) At my current client, @550 per day - I have 230 more days guaranteed. The chance of it going beyond this is very slim.

    Offer 2) 100k base, plus ~20k flex, hols etc. I'm seriously considering this as at this point in my career if I go up another level on the rung will eclipse my potential daily rates.

    Plus we have a child on the wy in 6 months and will be looking at moving (bigger mortgage) within 12.

    Thoughts?

  2. #2

    Some things in Moderation

    cojak is a fount of knowledge

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    17,957
    Thanks (Given)
    477
    Thanks (Received)
    1032
    Likes (Given)
    4168
    Likes (Received)
    2764

    Default

    Welcome to CUK Bobmcbob!

    Personally I would take the 100k permie job. If you have a young family and the job has good benefits and potential it's the way to go.

    And remember, there's no such thing as a permanent job these days. You can always chuck it after a couple of years if it's not going the way you expected.

  3. #3

    Godlike

    jamesbrown - scorchio!

    jamesbrown's Avatar
    Join Date
    Dec 2011
    Posts
    5,302
    Thanks (Given)
    69
    Thanks (Received)
    384
    Likes (Given)
    570
    Likes (Received)
    1674

    Default

    Agree with Cojak insofar as the perm deal is a better financial offer, and probably somewhat more secure. Obviously, it's tough to beat the soft benefits of contracting

  4. #4

    My post count is Majestic

    northernladuk is always on top

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    33,823
    Thanks (Given)
    141
    Thanks (Received)
    1472
    Likes (Given)
    1783
    Likes (Received)
    6045

    Default

    Quote Originally Posted by Bobmcbob View Post

    The offers I have in the table are:

    Offer 1) At my current client, @550 per day - I have 230 more days guaranteed. The chance of it going beyond this is very slim.
    Nothing is guaranteed in contracting.

    Permie gig all day long. No brainer IMO.
    'CUK forum personality of 2011' - Winner - Yes really!!!!

  5. #5

    TripleIronDad

    BrilloPad is always on top

    BrilloPad's Avatar
    Join Date
    Aug 2006
    Location
    Divorce Courts
    Posts
    97,199
    Thanks (Given)
    21966
    Thanks (Received)
    5645
    Likes (Given)
    21966
    Likes (Received)
    9702

    Default

    If you want security in banking - take the contract offer.

    Can you put up with all the associated 360, 3+, 3-, and other admin stuff?
    I keep pushing forwards but they keep pushing me backwards. So I have new rules. 1. Don't feed the trolls you know they have no souls. 2. Don't respond to them they'll only post back back again. 3. Don't be their friend they'll only knife you in the back. I have new rules I count them.

  6. #6

    Godlike

    original PM - scorchio!

    original PM's Avatar
    Join Date
    Apr 2008
    Location
    Cheshire
    Posts
    9,050
    Thanks (Given)
    23
    Thanks (Received)
    295
    Likes (Given)
    73
    Likes (Received)
    1300

    Default

    Quote Originally Posted by northernladuk View Post
    Nothing is guaranteed in contracting.

    Permie gig all day long. No brainer IMO.
    Nothing is guaranteed in permie anymore.

    Where does the permie position sit in the company hierarchy - who does it report to? Is he/she we liked/respected or potentially on their way out in the next reshuffle.

    but up to you!

  7. #7

    Nervous Newbie

    Bobmcbob is too good to be a permie


    Join Date
    Jul 2017
    Posts
    3
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by original PM View Post
    Nothing is guaranteed in permie anymore.

    Where does the permie position sit in the company hierarchy - who does it report to? Is he/she we liked/respected or potentially on their way out in the next reshuffle.

    but up to you!
    Thanks for all of the advice.

    The perm role is a step up in the hierarchy compared to my current gig, reports to director level, but do not know about the politics, and this would be a risk.

    My current client is very, very good all round - good people, good work and always pay on time (would almost feel bad leaving them before the year is up). The problem is the budget is paid from another programme that will end by 2019, and 'cost-cutting' is flavour of the month. Considering the economic climate I don't want to be out of work a year from now and so am leaning towards the perm offer..

  8. #8

    TripleIronDad

    BrilloPad is always on top

    BrilloPad's Avatar
    Join Date
    Aug 2006
    Location
    Divorce Courts
    Posts
    97,199
    Thanks (Given)
    21966
    Thanks (Received)
    5645
    Likes (Given)
    21966
    Likes (Received)
    9702

    Default

    Quote Originally Posted by Bobmcbob View Post
    Considering the economic climate I don't want to be out of work a year from now and so am leaning towards the perm offer..
    Personally I have found permanent no more secure than contract.
    I keep pushing forwards but they keep pushing me backwards. So I have new rules. 1. Don't feed the trolls you know they have no souls. 2. Don't respond to them they'll only post back back again. 3. Don't be their friend they'll only knife you in the back. I have new rules I count them.

  9. #9

    Double Godlike!

    MrMarkyMark is a fount of knowledge


    Join Date
    Dec 2012
    Posts
    10,519
    Thanks (Given)
    775
    Thanks (Received)
    760
    Likes (Given)
    5031
    Likes (Received)
    2907

    Default

    Quote Originally Posted by BrilloPad View Post
    Personally I have found permanent no more secure than contract.
    At my current banking client they were told they would have to fire a Perm to extend my contract.
    (which no manager in his right mind, unless really pushed, would do)

    Make of that what you will

  10. #10

    My post count is Majestic

    northernladuk is always on top

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    33,823
    Thanks (Given)
    141
    Thanks (Received)
    1472
    Likes (Given)
    1783
    Likes (Received)
    6045

    Default

    Quote Originally Posted by MrMarkyMark View Post
    At my current banking client they were told they would have to fire a Perm to extend my contract.
    (which no manager in his right mind, unless really pushed, would do)

    Make of that what you will
    You can't take a comment like that seriously though. The HR would be a nightmare.
    'CUK forum personality of 2011' - Winner - Yes really!!!!

+ Reply to Thread
Page 1 of 2 1 2 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.