How much would it take to get you to go permie

[DaveB]

Current gig is up soon and I have a sniff of a permie role that is tempting...

£70k+ plus the usual goodies, plus it's in the financial sector which is something I've been trying to get into for a while and it's commutable without relocating.

I'm seriously tempted. What would it take for you to go permie again?

[portseven]

£90k+ plus the usual goodies, also good location, either work from home or in Central Manchester

[Lewis]

Current gig is up soon and I have a sniff of a permie role that is tempting...

£70k+ plus the usual goodies, plus it's in the financial sector which is something I've been trying to get into for a while and it's commutable without relocating.

I'm seriously tempted. What would it take for you to go permie again?

I would say that is a good salary for a senior developer in an investment bank. However the equivalent contract rate would be somewhere around £550 per day (+/- £50). £550 per day is very roughly £90K after tax (£550 * 5days * 45weeks * around 70% take home). You would have to earn about £140K to take home £90K after tax. So in my opinion no it is not worth it. But it might be if you need an entry into the financial sector. I know a lot of contractors that have gone permie in this way to get into investment banking.

[DaveB]

I would say that is a good salary for a senior developer in an investment bank. However the equivalent contract rate would be somewhere around £550 per day (+/- £50). £550 per day is very roughly £90K after tax (£550 * 5days * 45weeks * around 70% take home). You would have to earn about £140K to take home £90K after tax. So in my opinion no it is not worth it. But it might be if you need an entry into the financial sector. I know a lot of contractors that have gone permie in this way to get into investment banking.

I'm not a developer and it's not based in London either so equivalent rate would be a bit lower. It does work out as less take home that I get now but thats offset by things that I wont have to pay for like travel expenses, car costs, private pension contributions etc.

[scooterscot]

After 4/5 years of contracting in the good rates money is my 2nd concern with lifestyle clearly in pole position. I could not take a premie job no matter the money (within reason) and give up that control I'm become so accustom to ;O)

[gadgetman]

> 90k for me.

However for that salary in permie-land the role is likely be so high pressured that I'd have to seriously think if it would be worth it.

[pmeswani]

Current gig is up soon and I have a sniff of a permie role that is tempting...

£70k+ plus the usual goodies, plus it's in the financial sector which is something I've been trying to get into for a while and it's commutable without relocating.

I'm seriously tempted. What would it take for you to go permie again?

Right now? I would consider £55k - £60k + package. However, after my recent experience at a permie interview, I'm hoping it would be a long time before I will consider going permie again, and I am sure the baseline will go up to around £70k - £85k + package.

[DieScum]

How realistic do you think you guys are being when you talk about 60-70-80k permie jobs. When I look on jobserve those are usually director level positions. Are you guys talking about finance positions in the city? If you are outside London how much does a decent senior permie job in your field pay?

I'm permie at the moment and I face the opposite dilemma. How much would it take to go contract. Basic is 57.5k + 6.5k car allowance + 5k pension + around 5k a year bonus. So package is 70-75k gross. Six weeks holiday and another say 4 weeks with off site training and conferences. I work from home, so can be based anywhere I want, and I do a decent shift but am not overworked.

Downside is putting up with daft company bureaucracy.

I get phone calls about 500 quid six month contracts... but they are always away from home. The advantage would be extra money but how much is enjoying your life worth?

[moorfield]

If I went permie here and now I'd be managed by a 24 yr old muppet.

So the answer is, er, no.

[Lewis]

How realistic do you think you guys are being when you talk about 60-70-80k permie jobs. When I look on jobserve those are usually director level positions. Are you guys talking about finance positions in the city? If you are outside London how much does a decent senior permie job in your field pay?

I'd say realistic for investment banking senior developer roles in London. Don't know about anything else, I'm afraid.

I'm permie at the moment and I face the opposite dilemma. How much would it take to go contract. Basic is 57.5k + 6.5k car allowance + 5k pension + around 5k a year bonus. So package is 70-75k gross. Six weeks holiday and another say 4 weeks with off site training and conferences. I work from home, so can be based anywhere I want, and I do a decent shift but am not overworked.

Get a decent contract in an investment bank in London and you could probably double you take home. Don't know about anything else, I'm afraid.

Downside is putting up with daft company bureaucracy.

You still get a bit as a contractor but nowhere near as much.

I get phone calls about 500 quid six month contracts... but they are always away from home. The advantage would be extra money but how much is enjoying your life worth?

A long commute is not fun so that is definitely a downside. On the plus side you have so much more independence as a contrator. You chose how much of the year you work, you often get the good work with new technologies, you don't feel 'owned' by the company. There's no bonus being held over your head etc.. etc.. I personally would be very sad if I had to go back to a permanent role and would stay contracting even on slightly less cash than a permi. From your salary, you'll definitely feel a lot richer after a little while on a £500 p/day contract.