Contract To Permy Salary

[oracleslave]

I've heard that several times from contractors, but why not just treat the perm role as a contract one and walk when you get bored?

I think once you have been a contractor for a long time and then go back to permiedom you can't help but treat it like a long-term contract. At least that's been my experience.

[rootsnall]

I've heard that several times from contractors, but why not just treat the perm role as a contract one and walk when you get bored?

Permie alert

In my area the contract rates are pretty good but the salaries have always been tulip, they don't hit the X 130 rule mentioned above. Not sure why !?

[NickNick]

Permie alert

Who, me? Nah. I was just positing. If contrract roles dry up for me then I'll go permie and treat it as a job. Contracting for me is about providing for the family in the best way I can rather than a way of life in itself, so a perm role will allow me to continue, albeit in a reduced way, to provide.

F**K it, I'd do bar work to cover the mortgage.

[rootsnall]

Who, me? Nah. I was just positing. If contrract roles dry up for me then I'll go permie and treat it as a job. Contracting for me is about providing for the family in the best way I can rather than a way of life in itself, so a perm role will allow me to continue, albeit in a reduced way, to provide.

F**K it, I'd do bar work to cover the mortgage.

I must admit it is easier to have the contractor 'attitude' if you aren't under mortgage pressures.

I'd only go perm for training purposes. I was lucky enough to be contracting in the days of boomed rates and doomed house prices which does allow one to be a bit snotty in these matters.

[DaveB]

Who, me? Nah. I was just positing. If contrract roles dry up for me then I'll go permie and treat it as a job. Contracting for me is about providing for the family in the best way I can rather than a way of life in itself, so a perm role will allow me to continue, albeit in a reduced way, to provide.

F**K it, I'd do bar work to cover the mortgage.

WHS. I went permie in Jan. Managed to get better than 1000 * hourly rate on the salary plus usual benefits so although I'm earning less than I was I'm still effectivly within the range I would have considered for a contract day rate.

My personal view is that the market is going to be tuliped for 18 months or so, so I'm keeping my head down in what I'm treating as an 18 month IR35 caught contract.

When the market picks up again next year I'll look to jump back to contracting again.

I have a family to provide for an a mortgage to pay so I'll do what it takes to keep the money coming in, and this way I dont have to run down the war chest.

[facboy]

can i be really naive here and ask where the 160 * daily/1000 * hourly figures come from?

if i were to be fairly slack (for me), and work 44 weeks in the year, that still comes to 44 * 5 = 220 days. The 8 weeks is say, 5 weeks of holidays and 3 weeks of bank holidays/being sick/arsing about.

so where do the other 60 days (12 weeks!) go? is it to account for time between gigs?

or is it just a reflection of what you can expect to get? 'cos naively, it seems like a lot less money - are benefits really worth that much?

[AnthonyQuinn]

Usual question, been asked to go contract to perm and have been asked what my salary expectations are and to justify it.

I really don't know how to price myself, I'm not going to take a market rate salary as I don't really want permy and the salary needs to reflect this. I know they need me more than I need them as I could pick up another contract quiet easily, but on the flip side I do like it here. What have others done in the same situation, ask for a salary that would pay the same net as you recieved contracting or lower ?

Cheers

You have two options.
1. Say that you are not interested in permie
2. Ask for a salary that is market + MAX 20%

If they need you more than you need them (which in my opinion is NEVER true in today's market) and you can pick up anoter contract easily, then go for option 1. Why are you even considering their offer? Asking for the same 'net' is a waste of time and does you no favours.

[AnthonyQuinn]

can i be really naive here and ask where the 160 * daily/1000 * hourly figures come from?

if i were to be fairly slack (for me), and work 44 weeks in the year, that still comes to 44 * 5 = 220 days. The 8 weeks is say, 5 weeks of holidays and 3 weeks of bank holidays/being sick/arsing about.

so where do the other 60 days (12 weeks!) go? is it to account for time between gigs?

or is it just a reflection of what you can expect to get? 'cos naively, it seems like a lot less money - are benefits really worth that much?

the other 60 days go to, take your pick
1. Job Security
2. Be 'sick' whenever you want
3. Other Benefits

[Shimano105]

But beware:

If you are treating it as a long-term contract:

- the pension contribution, however generous, will be worthless.

- you need to be sick a lot of times to benefit from the sick pay.

- you will need to be sick enough to claim on your medical insurance for that to be worth anything.

In other words, you are after the cash and not the 'benefits'

[ASB]

- you need to be sick a lot of times to benefit from the sick pay.

- you will need to be sick enough to claim on your medical insurance for that to be worth anything.

Oddly I went per,y about the same time as I was diagnosed with a chronic neurological condition and the insurers agreed to cover preexiting conditions. Wonder how that happened.....