Returning to perm is almost impossible

[expat]

i'm thinking of going perm . i'm in the java space as well, in investment banking. market is v healthy, both for contract and permie at the moment...never having been permie in a bank, i'd like to know what kind of bonuses they get lol (won't be crazy like the business-side guys get, unfortunately).

the whole hourly * 1000 = permanent salary conversion, can i ask where that comes from? is it factoring likely bench time etc? naively if i get say, 400 per day contracting, and i work 40 weeks per year (200 days), then i get 80k before tax. with the permie conversion, 400/8 = 50, so 50k is equivalent to 80k?

if the hourly * 1000 is accurate then i'm making out like a bandit with the permie offer, it's about 15% over the highest contract offer that i've got.

It factors in a lot of stuff, including a certain amount of tme between contracts. It's a rule of thumb, somewhere between an average and a general impression, and it is a good reminder that the naive calculation is very naive.

Certainly you can do better than that in contracting, that doesn't invalidate it, it just means that you're doing well. Or working too hard.

Or you can do worse, as some have in recent times.

[facboy]

ok great, cheers for that. think i'm going to take the permie job...i calculated that after pension/benefits, i might lose about 2-3% of my full contract rate in nov last year, and that's assuming i work around 45 weeks at that rate. almost a no-brainer.

admittedly i've been offered rates about 30% above that now, but hopefully the bonus will go some way towards that.

[SuperZ]

Permie sux unless you find that perfect company with the perfect working conditions and the perfect salary and with no possibility of future redundancies, which isn't going to be found . I can see how some might want to try it for a while but to ditch contracting permanently at a young-ish age would be madness, unless the perfect company found.

Nearly did it myself a few year back which did make me think about contracting a bit differently. Rather than rushing from contract to contract and worrying a little if the opportunities weren't there immediately, I'm happy if I can earn ONLY the same money as a permanent position because at least I can use my spare time for other things, so I now take things a little easier, find time to find a decent contract.

Everyone circumstances are different though

[the_duderama]

I'm happy if I can earn ONLY the same money as a permanent position because at least I can use my spare time for other things, so I now take things a little easier, find time to find a decent contract.

Everyone circumstances are different though

I'm lining mself up for a nice permanent role where the take home will only be about 200 a month less per month than 20 billable days. If i factor in holiday pay then it's actually a little more!

Granted it's a more senior role but it should be intresting and some personal delevopment. Plus all the contracts in the north of england for what i do are now sh1te.

[moder8or]

contracts in the north

I'm lining mself up for a nice permanent role where the take home will only be about 200 a month less per month than 20 billable days. If i factor in holiday pay then it's actually a little more!

Granted it's a more senior role but it should be intresting and some personal delevopment. Plus all the contracts in the north of england for what i do are now tulipe.

As are all contracts at the moment, but it still doesn't necessitate going staff, when you'll eventually see the light again, unless your short of cash that is
I 'm gonna book a hol then see what post election brings

[Mustang]

Given the guilt that my daughter is giving me for being away from home, I'm starting to wish I'd taken the permie job near home instead

I am sitting here in a B&B knowing that Mrs M has had a bad night with the 2 kids. Last night my son said to me - "Daddy, when are you coming home?"

Tough.

[The Wikir Man]

I am sitting here in a B&B knowing that Mrs M has had a bad night with the 2 kids. Last night my son said to me - "Daddy, when are you coming home?"

Tough.

My elder daughter burst into tears tonight when I was on the phone to her because I told her I had to dash because my phone hadn't charged and I had to go to a meeting in 5 minutes.

I keep telling myself I would have hated the permie job, and then I'd have been more upset than she is at the moment.

[stek]

Pulling the heart-strings here lads..

I have four daughters, my current 12 year old I never saw in her formative years, from birth to about 4-5 - working away, knackered at weekend.

I look at her now and a veil of guilt drops in front of me, I try to make it up her but it's not the same.

I really do feel I let her down.

Work is good, but it's nothing compared to why we are actually here - to love our family, to bring up our kids, to die without regret.

I hold my hand up to Bayern Munich, defeated the Scum tonight, hic....

[gingerjedi]

I get see my wife and daughter every day, we haven't got a pot to pi55 in mind.

[FiveTimes]

This is a dilemma I am faced with at present - I don't like living away, but doit for the coin.

The eldest sort of understands and the youngest doesn't like it one bit.

And to make matters worse I've a possible chance to ditch the contract and take a permie job closer to home.