Sorry if any repetition: But please help a newbie :(

[mudskipper]

FTCs are entitled to (at least some) employee rights

https://www.gov.uk/fixed-term-contra...dterm-contract

If a contract isn’t renewed
This is considered to be a dismissal, and if the employee has 2 years’ service the employer needs to show that there’s a ‘fair’ reason for not renewing the contract (eg, if they were planning to stop doing the work the contract was for).

Workers have the right:

• not to be unfairly dismissed after 2 years’ service - for employees who were in employment before 6 April 2012, it’s 1 year’s service
• to a written statement of reasons for not renewing the contract - after 1 year’s service

They may be entitled to statutory redundancy payments after 2 years’ service if the reason for non-renewal is redundancy.

[BolshieBastard]

FTCs are entitled to (at least some) employee rights

https://www.gov.uk/fixed-term-contra...dterm-contract

If a contract isn’t renewed
This is considered to be a dismissal, and if the employee has 2 years’ service the employer needs to show that there’s a ‘fair’ reason for not renewing the contract (eg, if they were planning to stop doing the work the contract was for).

Workers have the right:

• not to be unfairly dismissed after 2 years’ service - for employees who were in employment before 6 April 2012, it’s 1 year’s service
• to a written statement of reasons for not renewing the contract - after 1 year’s service

They may be entitled to statutory redundancy payments after 2 years’ service if the reason for non-renewal is redundancy.

Ergo, why you will hardly if ever find an FTC scheduled for 2 or more years.

[Daniel2105]

When contractors calculate their rate vs a normal permie salary NOT a fixed term contract (FTC), we calculate the costs to the employer of training, holidays, sick pay, employers NI, pension contributions etc. Some people have some figure of day rate X100. Though knowing how some employers try to and manage to scrimp on things it's not true in all cases.

Also with any contract of employment which includes your FTC, you have a right to give notice. Some contracts we have, which are business to business contracts, the terms of business mean you cannot give notice.

Your FTC is different as you are getting the benefits of being a highly paid permanent employee but after 6 months you can leave. Though you may have to politely turn down an offer of permanent employment - by law if in the 3 months* when you finish the contract they have to offer you any permanent job that arises that fits your skill set.

As stated before take the FTC, do it and if you don't like it hand in your notice.

*Can't remember the exact timescale but it's around 3 months.

Thank you for that information, learned something again

[Cirrus]

Perm vs Contract

An oft-used rule of thumb is take your hourly rate and multiply by a thousand. Thus £400 per day maps to £55k or so.

I have seen companies give the option of contract or FTC but never seen anything like £400 translating to £85k.

As others have said, this looks a bit fishy.

[malvolio]

Don't know what you are on about and also don't know where you get your calculations from but they are way off.. the current FTC offer is already over 85K pa.. You need new sources i believe...

If that is the case, then the day rate equivalent should be somewhere around £650 a day. You can't have it both ways...