Originally posted by GhostofTarbera
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Anyone who has 'went perm', how has it been?
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Originally posted by LondonPM1 View PostWhat would be interesting to know is the old day rate and how many days you billed a year
And the new perm package
When the numbers are written down we often see
650 a day 230 days a year outside IR35 == 150 K plus you can dividend and wife allowance it
90K a year with a 4% pension == 60K a year after tax
Which is crazy
For example, a traditional PM may have to bite the bullet for a few years and cross-train up to become a qualified scrum master. If a company is going by the book with scrum or kanban rather than playing at agile, you'd find yourself out of your depth and out the door quite quickly as a contract PM trying to blag your way as a PM. If they're using "Agile-ish", you'd probably be OK.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by elsergiovolador View PostIf you think having a dull sockie will save you money...Comment
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Originally posted by LondonManc View PostYou cannot budget ideal world. You have to budget realistic. If your market is slowly getting worse (IR35, Brexit, changing skills requirements, etc. not including COVID19) you also have to consider how much could you realistically keep billing.
For example, a traditional PM may have to bite the bullet for a few years and cross-train up to become a qualified scrum master. If a company is going by the book with scrum or kanban rather than playing at agile, you'd find yourself out of your depth and out the door quite quickly as a contract PM trying to blag your way as a PM. If they're using "Agile-ish", you'd probably be OK.
And sick pay - Not many take it - You cant just call up sic when you feel like you need a duvet day
I m not convinced at all that 90K is anywhere close to 650 a day - I ve said it before 650 per day outside IR35 is 150K perm take home payComment
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Originally posted by LondonPM1 View PostBut if you have three months holiday between contracts that surely is a massive benefit - Why work for twelve months when take home pay is the same for 9 months work
And sick pay - Not many take it - You cant just call up sic when you feel like you need a duvet day
I m not convinced at all that 90K is anywhere close to 650 a day - I ve said it before 650 per day outside IR35 is 150K perm take home pay
As for sick pay, people do actually get sick.Comment
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I think we all need to accept that while the norm used to be weeks between contracts (or better) it can quite easily be months now. Throw in three out of my last four contracts have been terminated early due to the project being pulled or heavily scaled down then the new norm might be looking for something twice a year as opposed to once.Comment
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Originally posted by SussexSeagull View PostI think we all need to accept that while the norm used to be weeks between contracts (or better) it can quite easily be months now. Throw in three out of my last four contracts have been terminated early due to the project being pulled or heavily scaled down then the new norm might be looking for something twice a year as opposed to once.
1. Risks of early termination and gaps in work
2. Likely salary progression vs likely rate stagnation.
I still thing 650 pd outside IR35 is better than 90k p.a., but it's closer than LondonPM1 makes out.Comment
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Originally posted by LondonPM1 View PostBut if you have three months holiday between contracts that surely is a massive benefit - Why work for twelve months when take home pay is the same for 9 months work
And sick pay - Not many take it - You cant just call up sic when you feel like you need a duvet day
I m not convinced at all that 90K is anywhere close to 650 a day - I ve said it before 650 per day outside IR35 is 150K perm take home payThe greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostIf you have 3 months out, you won't book 230 days. You cannot twist it both ways.Comment
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Originally posted by Old Greg View PostAnd a three month gap between contracts doesn't typically feel like a three month holiday.
Does the 650 pd vs 90 k factor in training?Comment
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