Originally posted by jumbotron
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Contractor to perm - how much money to expect (part timer)
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Originally posted by jumbotron View PostAssuming I decide that a lifestyle change isn't what I want right now - is the 65k reasonable (in relation to my current day rate, understand it depends on market conditions) for the contractor to permie conversion?
The two relevant questions are:
“Is £65k a reasonable permanent salary for the role, taking into account similar permanent salaries for similar roles?”
And:
“Do I want to take the role for £65k, based on my answer to the question above?”
The contract rate really isn’t any form of anchor for what the permanent salary should be.Leave a comment:
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Assuming I decide that a lifestyle change isn't what I want right now - is the 65k reasonable (in relation to my current day rate, understand it depends on market conditions) for the contractor to permie conversion?Leave a comment:
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Originally posted by PCTNN View PostI stopped reading at this point.
If money is your priority, you better stay a contractor, even via umbrella.Leave a comment:
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push hard to stay a contractor
You value the flexibility of contracting, therefore I would push your agency to get your contract extended by whatever means, which probably means adding an umbrella company to your payment chain, at least for the time being. The need for contractors is not going to go away. Hopefully when the current mess has settled down contracting will return to how it flourished unnoticed in the seventies and eighties when we all paid our fair share of NICs and still came out better rewarded than the permies.
Try not to interface directly to your employer's HR, route your replies to any approach from your employer via your agency - it's their job and they are likely to achieve more for you. Remember your contract probably has a clause saying you can not take a permie post without the agency involved.Leave a comment:
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Originally posted by jumbotron View PostI'm currently working for a large company in London. Signed up for 6 months and kept being extended, now been here for 2.5 years. Company wants to make all their contractors permanent.
I'm currently on £500 a day which 500 x 5 x 42 weeks = 105,000/year. The company recruiter offered "at a stretch" 65k in a permanent. Of course there is employer's pension contributions, training (money is my priority though)
If money is your priority, you better stay a contractor, even via umbrella.Leave a comment:
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If you've got a part time role you like and more importantly, fits in with your life, think carefully about leaving.
An old friend of mine had contracted from the mid 90s for about 15 years in investment banking. Made a ton of money and after having a couple of periods off having kids went perm for a while back in banking. Decided that wasn't for her any more and took some more time off for caring responsibilities for an elderly parent. She eventually decided to go back to contracting but found it impossible to get a part time contract. You might be lucky and get one as a job share but they are few and far between.
As for salary, for a £500 day rate, I would anticipate a basic salary equivalent between high 60s to low 70s. 80k would be really pushing it and 100k is improbable.Leave a comment:
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Contractor to perm - how much money to expect (part timer)
Your rate is what you are offered and accept nothing more nothing less £100k+ is dreaming
Sent from my iPhone using Contractor UK ForumLeave a comment:
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Originally posted by northernladuk View PostYou'd probably be better just waiting until everyone leaves their gigs that have been deemed inside and go brolly at contractor rates.
Back to the post, I did have a chance to go Perm in the summer. I had 4 offers from the same company. After reviewing the package closely, I just couldn't sign up because they didn't break the magic six figure mark. The were extremely close and reminded me that my yearly bonus would take me past it however the bonus wasn't guaranteed.
At the end of the day, you are only worth what someone is willing to pay for you. It depends on the market and your skill set. The more rare you are along with how in demand you are depends on how much you are worth.Last edited by ContractorHardman; 19 November 2019, 13:55.Leave a comment:
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You'd probably be better just waiting until everyone leaves their gigs that have been deemed inside and go brolly at contractor rates.Leave a comment:
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