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

[d000hg]

You are right. In life, nearly everything is black and white.

[DieScum]

Tough choice but at least you have high quality problems.

Money wise how likely is the contract to be extended or are you to find another one?

The difference in net income between the contract and perm job won't leave much room for extended spells on the bench.

[MrHelpful]

Take the permie and look at the other perks if the jobs does open doors.... paid holiday, paid sickness, pension contributions.... the contracting market is fragile and its living life on a melting iceberg at the moment.

[Scrag Meister]

46 week year at £340pd is £78200 gross. Only 5 months!

60k perm + pension + holiday + other benefits

Sounds pretty borderline to me, go perm.

[oversteer]

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?

4 weeks notice on a contract role is pretty good, isn't it?

That said, your first three months (ish) in a perm role will probably be on a weeks notice, and they can get rid of you in the first year without any sort of procedure, and forget redundancy payments until you are there two years.

Also, when contracting, consider the delay between doing work, invoicing, and actually getting paid - you won't be getting paid in full on the last day of the month (unless you are lucky)

[CheeseSlice]

Also, when contracting, consider the delay between doing work, invoicing, and actually getting paid - you won't be getting paid in full on the last day of the month (unless you are lucky)

Aren't most permie jobs paid one month in arrears, and only on the next payday? So could be almost as bad.

[SueEllen]

Aren't most permie jobs paid one month in arrears, and only on the next payday? So could be almost as bad.

Not necessarily.

Lots of permie jobs have their pay day on something like 21st of the month. As long as you start before that you will get your pay on that date otherwise you have to wait until next month.

[moorfield]

Also, when contracting, consider the delay between doing work, invoicing, and actually getting paid - you won't be getting paid in full on the last day of the month (unless you are lucky)

Not an issue IMO if you understand the accruals concept of accounting.

You should be more concerned about not working at all.

[oversteer]

Not an issue IMO if you understand the accruals concept of accounting.

You should be more concerned about not working at all.

I understand the cashflow concept even better

If you don't have a warchest built up, not getting paid for a few months could screw you.

At least with a perm role you'll generally get paid at the end of the month you start.