Conversion to perm?

[EddieNambulous]

I really don't understand this job security lark!!!!

Indeed. Most permies (especially during this recession) are 90 days away from being homeless, but they just stick their heads in the sand about it.

That's a 30 day notice period + 60 days of savings in the bank.

[norrahe]

Indeed. Most permies (especially during this recession) are 90 days away from being homeless, but they just stick their heads in the sand about it.

That's a 30 day notice period + 60 days of savings in the bank.

Most permies don't have a warchest, and all they're left is with a measly redundancy package that runs out in a few months.

[shoes]

If you are contracting at least 6 months out of 12 I don't see how you can be better off in a permie position. Job security? A new starter in this climate?

If it takes you 6 months on the bench to get your next role you're still better off than permie. Plus you've had a nice long break. Something to dream about at your next permie company motivational meeting!

[nomadd]

If you are contracting at least 6 months out of 12 I don't see how you can be better off in a permie position. Job security? A new starter in this climate?

If it takes you 6 months on the bench to get your next role you're still better off than permie. Plus you've had a nice long break. Something to dream about at your next permie company motivational meeting!

+1

Well said.

Nomadd

[pin00ch]

How long do others sit on the bench?

pin00ch
Ask yourself the following:

Can you live on £4k per month?

You used to earn £8k per month - you currently earn £0

How confident do you feel of securing a new role?

How long can you afford not to be earning?

Do not forget - if you took the permie role, you may receive training (paid for) which always looks good on the CV. When the market picks up, you could resign and go back to contracting. Banks cut staff numbers when it suits them, they are making a business decision, you would be doing the same.

We cannot decide for you but hopefully give you a few things to consider so that you can make the decision which is the right oe for you.

Good luck

Many thanks for your kind advice. It does make a lot of sense.
I guess I am more concerned that Im caving in at the first hurdle.
Also, I feel that I am just jumping on the role simply because of the current economic climate.

I can be on the bench for a year If I have to.
Maybe Thats what a good contractor would do?

[pin00ch]

I really don't understand this job security lark!!!!

If you are any good as a contractor you either bag yourself a renewal or a couple of months before end of said contract you speak to your regular pimps and get them on the case.

I got asked to go permie in this contract, said no as there would be no way they'd paid anything decent.

Despite the fact I said no to permie, they're looking at renewing me anyway...

I was on the bench for 8 months last year, it hasn't put me off.

WOW. 8 months! Did u panic whilst you were off?
I have been on the bench for about 5 weeks now but I havent had any experience of it before. I guess I should be trying to enjoy the time off rather than panicking. Its just crazy how agents dont call these days!

[pin00ch]

+1

Well said.

Nomadd

Yeah. I am feeling better now. I guess the thing to do is...just apply and wait. Time off is always good learn new stuff.

[pin00ch]

Call starting to come in

Im not a big believer in fate but as soon as I refused the permanent position I was offered, the calls started coming in. The market must be picking up

I think its just a case of learning to wait.

Another question for u guys:

Has anyone experienced trying to get a mortgage whilst with an umbrella company and being on the bench at the time?

[Stan.goodvibes]

Since meeting Mrs BS the only time I have worked near home was when I worked for a US company that allowed me to work remotely using the local branch.
I enjoy contracting ,but always having to work away from home ,returning at the weekend,year after year , is not an ideal situation

Yeah that's way too often to have to see the wife. Every weekend!

[norrahe]

WOW. 8 months! Did u panic whilst you were off?
I have been on the bench for about 5 weeks now but I havent had any experience of it before. I guess I should be trying to enjoy the time off rather than panicking. Its just crazy how agents dont call these days!

Nope, (well maybe a little, but then there's no point panicking if there's nowt out there.

I had originally planned to take 3 months off, so b*ggered orf to China and did one or two courses.

Had summat lined up to start back at an old client co and then the crunch hit and the gig went the way of the crunch.

I then spent the next 5 months finishing up my garden.

If there aren't any jobs, then so be it, you spend the first 30 mins of your day applying for what there is out there and get on with the rest of your day.

If you've got a warchest, then stop panicking unnecessarily.