Originally posted by ChimpMaster
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State of the Market
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Originally posted by rocktronAMP View Post...
I just switched on the LinkedIn profile to "open to job opportunities", so I suppose it is working.
I have 3 months to run in my current FTC. Therefore, the Welwyn Garden gig (*) is not that appealing to me given the offered advertised contract rate. (Tescos digital, who knows???)
I also live down south, 1 hour commute to London Euston (2019). How is it going in the rest of the UK for early January?. I am getting a lot of Data Engineering roles contracts & perm, even though I am not looking. Looks like Data is the new Java of 2021s
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Originally posted by Old Greg View PostHow many days per year do you reckon contractors work typically?Comment
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Originally posted by rootsnall View PostMid 90s was crazy really, my skillset was on 600-650 a day, our permie managers were on £30oddK salary.
Late nineties it was 40 to 60 per hour.
Dot com bubble 2000 & 2001 rates were £50 to 100ph.
Current state of the market, 2021 is still £50 to £100ph for developers.
Although hourly rates were more common back then, now contracts are mostly daily rates
One good thing about the hourly rates, they tended to pay more over time than daily rates do.
So even if you were on £40 ph back in the early nineties you could of been pulling in over 100K with paid over time.Last edited by Fraidycat; 12 January 2021, 17:13.Comment
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Chimp master said it well. Even 650 a day outside ir35 no longer buys what it used to and house prices is one example of that
Reality is 650 a day is now realistically 550 a fat and all inside ir35 which means the same job for the same experience but at a different time is now really going to result in almost half of what it used to.
Sad news but trueComment
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Originally posted by NowPermOutsideUK View PostReality is 650 a day is now realistically 550 a fat and all inside ir35 which means the same job for the same experience but at a different time is now really going to result in almost half of what it used to.
650 is now 550 but is actually nearer half of that?Comment
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picked up an outside contract at the start of the month for 3 months with a look to extend. Day rate is one of the lowest I have ever taken, but I'm of the mindset now that something is better than nothingComment
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Originally posted by Paralytic View Post650 is now 550 but is actually nearer half of that?
Some of that you could recently take as tax free divis (before they raised divi tax rates)
The rest you could retain and reinvest in your company,
If rates have dropped to £550 a day and you also get hit with IR35 that is just 5.5K a month in your pocket to play with.
So instead of having 11K a month to play with, now you have just 5.5KLast edited by Fraidycat; 13 January 2021, 09:23.Comment
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Originally posted by ResistanceFighter View Postpicked up an outside contract at the start of the month for 3 months with a look to extend. Day rate is one of the lowest I have ever taken, but I'm of the mindset now that something is better than nothing
Especially if you have a highly conscientious and hardworking personality. Highly conscientious people suffer more than most when they have no work to do.Last edited by Fraidycat; 13 January 2021, 09:21.Comment
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Originally posted by Fraidycat View Post650 a day outside IR35 leaves you with about 11K a month to play with after corp tax.
Some of that you could recently take as tax free divis (before they raised divi tax rates)
The rest you could retain and reinvest in your company,
If rates have dropped to £550 a day and you also get hit with IR35 that is just 5.5K a month in your pocket to play with.
So instead of having 11K a month to play with, now you have just 5.5K
Sent from my iPhone using Contractor UK ForumComment
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