State of the Market

[pjt]

Seen a job advertised at £500 per day on LI, agent then came back and said oh it’s £400 now or FTC £70k …is day rate better? They won’t do perm just £400 or £70k …not to say I’ll even get a look in …I’m thing day rate is better. Any thoughts??

Depends if the day rate is inside or outside IR35 if its outside then the day rate wins. If its inside then I don't think theirs much in it between FTC or day rate but that was on a very quick check...

[Cookielove]

The day rate is inside pjt

[eek]

The day rate is inside pjt

The FTC is better...

[Bluenose]

Seen a job advertised at £500 per day on LI, agent then came back and said oh it’s £400 now or FTC £70k …is day rate better? They won’t do perm just £400 or £70k …not to say I’ll even get a look in …I’m thing day rate is better. Any thoughts??

at this stage I would probably ask the agent which answer gives you the best chance of success and offer him a monkey if you get the job.

[Cookielove]

eek is FTC better?

[pjt]

Not 100% sure how accurate the calculations are but online I'm getting

£400 p/d inside take home is £4,349 per month (assuming 220 days work a year).
£70,000 per year PAYE is £4,263 per month

FTC will have some benefits so depending on that its close, if they give you pension contributions or your off sick over the duration of the contract then FTC probably tips it.

[Cookielove]

Thanks pjt

Its an FTC for a year 26 days holiday plus phols, pension er will double it up to max of 10% by employer and other stuff... I've said FTC to agent.

Never been on an FTC before, we'll see don't want to get my hopes as so unpredictable at the moment.

[oliverson]

With the direction in traffic under this Marxist clueless Labour government, I honestly don't see the market improving for years, if ever.

I would urge anybody starting out their career as a contractor (why?) or those say less than 50 years of age to get the **** out at the first opportunity. This ship is going down.

I'm fortunate in that I don't fit into this category above and am in the winter of my career, with 'alternative arrangements' already in place for selling my UK property at the height of the next bubble (if there is one) and retiring from contracting, to the sunshine.

[Cookielove]

The market is so awful so will see if this comes to anything....not what I'd usually go for but hey ho....

The day rate was supposed to be £500 then client cut it to £400 or an FTC....I've seen some sub £300 day rates ...

[sadkingbilly]

< whining tory bollox >
i'm fortunate in that i don't fit into this category above and am in the winter of my career, with 'alternative arrangements' already in place for selling my uk property at the height of the next bubble (if there is one) and retiring from contracting, to the sunshine.

dltdsyaotwo