Perm vs contract…..another thread!

[eek]

Contracting: Loads of money, job insecurity but little politics
Permie: Less money, (potentially some more) job security + corporate politics

Pick what suits you best.

FTFY

[northernladuk]

The above is true but the real question is what is the break even rate - I dream of a model which allows you to plug in perm number and get a day rate equivalent umber or vice versa

Keep dreaming because it jsut won't happen. We've said it to you a hundred times. You think people haven't tried do do this over the last 15 to 20 years. We've had endless threads on it and it just not that simple. Why can you not get that?

Because everyone tax is different maybe we can model this by using a standard contractor? Like government assume standard family of 2.2 children ...

You can see how stupid this comment is surely? You want accurate figures that are useful but using a standard that suits next no one so the figures are still going to be next to useless

Your help would put this topic to rest and provide me with much welcomed closure

How about just grow up and tell yourself it isn't going to happen and stop whining about it.

[northernladuk]

FTFY

To be fair Unix's original post was so wrong even an FTFY is gonna save it.

[NotAllThere]

To be fair Unix's original post was so wrong even an FTFY isn't gonna save it.

FTFY

[jamesbrown]

I dream of a model which allows you to plug in perm number and get a day rate equivalent umber or vice versa

You are deeply weird, LPM1.

[dl8860]

OP based on all the info you've given I'd take the perm option myself. For whatever that's worth

[dsc]

Thanks for the response. Money has always been a driving factor of why I work, both offer a similar work/life balance so that’s kind of baked in.

It's easy to calculate how much you get in each role though, so I don't really understand your question. Just keep in mind contract work is not perm ie. even if you have 50 pimps trying to get you into a contract now, doesn't mean the same will be true in 12 months after you finish your current gig, you might be on the bench earning a big, fat £0 for a few weeks / months and then the whole yearly profit calculation goes to tulipe. Sure yes in a perm job you can also get laid off, but that's not the norm, in a contract, the client might loose their financing for a project and can drop you like a hot potato there and then, so perm != contract day rate x days worked per year.

[BlasterBates]

I wouldn't rely on the bonus especially for a small company. You might get it in year 1 but I would be very sceptical. I would do the calculations based on no bonus. To get the bonus you may feel obliged to work very long hours.

[PCTNN]

which role will allow you to work less?

money is great for both options, so pick the more cushy one and enjoy life.

[Whorty]

Another consideration, at least one I'm going through, is will the perm role boost your cv so when you go contracting rates could be boosted too? Or are you already potentially at the top of your contract range?

Personally I'm in a perm role that (if budget signed off) could see me delivering a project that could boost my cv and future contract earnings.

So iI'm staying perm for now, on £100k, rather than contract for 550 pd as I'm hoping my rate could be 6xx within 12 to 18 months.

Not thar I'm driven only by money, contract freedom is a big draw too to go back.

So I guess you need to think what you main drivers are, and if only money (which is fine btw) then how will the perm role help or hinder you?