£340 per day contract Vs £60,000 PA permanent offer

[MonzaMike]

Is 60K the basic or the whole package

If 60 is the salary and you have Car, Bonus plus other benefits then take the perm.

If it's a senior role with further prospects then also bear that in mind.

I've something similar in the pipeline, but not at decision time yet

[Ashwin2007]

If 60 is the salary and you have Car, Bonus plus other benefits then take the perm.

If it's a senior role with further prospects then also bear that in mind.

I've something similar in the pipeline, but not at decision time yet

It is £55000 Basic + Bonus (about 10%), has potential for further growth.

The only reason one may consider a permie is for a stable income regardless of the market. But given that many permanent roles have 4 weeks notice for termination, how different is this from a contract role with similar notice period?

In any case one can be removed with 4 weeks notice, then is contract a better option because of the higher income?

[moorfield]

It is £55000 Basic + Bonus (about 10%), has potential for further growth.

Its £55k, not £60k unless its written down in the contract, don't kid yourself.

Permiedom will always find an excuse not to give you the "bonus".

[kaiser78]

£340 / day is not far short of £60k perm salary equivalent.

You also need to weigh up lifestyle considerations. For me the biggest attraction of contracting is being able to have chunks of time off in between contracts that I would not be able to have if I was permie.

[kaiser78]

Its £55k, not £60k unless its written down in the contract, don't kid yourself.

Permiedom will always find an excuse not to give you the "bonus".

Yes, don't fall that one !

[Green Mango]

£340 / day is not far short of £60k perm salary equivalent.

You also need to weigh up lifestyle considerations. For me the biggest attraction of contracting is being able to have chunks of time off in between contracts that I would not be able to have if I was permie.

Are you taking sick, holiday, pension, travel and accomodation, share option and bonuses into consideration in your comparison.

I don't think so....

Not to mention some allowance for bench time ....

[kaiser78]

Are you taking sick, holiday, pension, travel and accomodation, share option and bonuses into consideration in your comparison.

I don't think so....

Not to mention some allowance for bench time ....

Yes - all included.

[Green Mango]

Yes - all included.

£340/7.5 = £45 an hour.

They say an hour rate tends to indicate your salary in k ie 45k,
I can believe this as the hourly rate grossed up doesn't allow
for all the benefits of full time employment.

I'd say that 45k probably equates more closely to you contractor rate.

I admit if a contractor works all the hours god sends then he can reap in the rewards,
but then you are spending all your life working ...

[d000hg]

But given that many permanent roles have 4 weeks notice for termination, how different is this from a contract role with similar notice period?

Well, they can give you notice just as easily as a contractor or a permie unless you've been there a while (a year or 2?) But that doesn't mean it's the same thing. A contractor is taken on with the plan that they are only there as long as they are needed, a permie is hired on the expectation they are there much longer. Of course these are only generalities but generally you don't expect to get canned from a permie role whereas you do a contract role.

If you don't have idealogical problems with being a permie and not getting to boast about being your own boss, your permie offer looks good to me.

[swamp]

There are two sorts of contractors out there: ones who love money, and ones who love money but almost equally detest corporate bulltulipe.

If you are even considering permanent employment, then you are in the former category.

HTH