Hi all
I am a contractor on a long term contract with a company. I am operating under a limited company setup and flat rate VAT scheme.
I am being offered (on the latest renewal) a 5% raise to £250 p/d for an intermediate (more than 5 yrs) IT proj manager role in London.
I feel that this is quite a bit lower than market rates at the moment, but they insist that they have benchmarked my daily rate against someone who earns around 65k per annum (perm salary).
I've looked at so many calculators but can't seem to come a conclusion. Using hourly rate x1000 I am way under (30K). Using day rate x 240 I am on 59K (which is better I suppose). But, how come average PM rates are so much higher than? I've had a few agents tell me I am under-paid here, but not sure if they are to be trusted.
No mortgage (desperate to get on though), married with missus in a v stable perm job and no kids...
Just wanted to get different viewpoints from folks here?
TIA
I am a contractor on a long term contract with a company. I am operating under a limited company setup and flat rate VAT scheme.
I am being offered (on the latest renewal) a 5% raise to £250 p/d for an intermediate (more than 5 yrs) IT proj manager role in London.
I feel that this is quite a bit lower than market rates at the moment, but they insist that they have benchmarked my daily rate against someone who earns around 65k per annum (perm salary).
I've looked at so many calculators but can't seem to come a conclusion. Using hourly rate x1000 I am way under (30K). Using day rate x 240 I am on 59K (which is better I suppose). But, how come average PM rates are so much higher than? I've had a few agents tell me I am under-paid here, but not sure if they are to be trusted.
No mortgage (desperate to get on though), married with missus in a v stable perm job and no kids...
Just wanted to get different viewpoints from folks here?
TIA
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