Hi all,
I'm currently permie and never really considered going contracting because of my financial situation.
However, I was contacted by agent that I have dealt with in the past regarding a 3 month contract role for a company I previously interviewed with for a permie role.
This started me thinking about the in's and out's of contracting and the pro's and con's etc and I cam up with some pretty noob questions which I'd never considered before.
If you have a 3month contract (or more) and you have a 'day rate', how does this translate into the number of hours expected to constitute a 'day' and also are you guaranteed 5 days a week or is it simply a case of the client saying that they'll contract you for 3 months but that may not actually mean 3 full months of mon-fri work (like a permie).
I have done a fair bit of reading so far but haven't seen this asked/answered anywhere - maybe because it's a daft question
Another reason I was considering it was because the agency have said that they can facilitate a weekly invoicing rather than monthly after I explained that I wasn't in a position to wait for a long period to be paid - is this something that is usually offered or should I be a littler weary of this?
Just to be clear, I don't think I will be taking this offer as tbh I have a pretty well-paid permie position and my current financial situation and responsibilities isn't right for the ups and downs of contracting...I would like to know a bit more about the above though in case I am ever made redundant in which case my redundancy package cold allow me the time to look into contracting more seriously.
Cheers,
Wayne
I'm currently permie and never really considered going contracting because of my financial situation.
However, I was contacted by agent that I have dealt with in the past regarding a 3 month contract role for a company I previously interviewed with for a permie role.
This started me thinking about the in's and out's of contracting and the pro's and con's etc and I cam up with some pretty noob questions which I'd never considered before.
If you have a 3month contract (or more) and you have a 'day rate', how does this translate into the number of hours expected to constitute a 'day' and also are you guaranteed 5 days a week or is it simply a case of the client saying that they'll contract you for 3 months but that may not actually mean 3 full months of mon-fri work (like a permie).
I have done a fair bit of reading so far but haven't seen this asked/answered anywhere - maybe because it's a daft question
Another reason I was considering it was because the agency have said that they can facilitate a weekly invoicing rather than monthly after I explained that I wasn't in a position to wait for a long period to be paid - is this something that is usually offered or should I be a littler weary of this?
Just to be clear, I don't think I will be taking this offer as tbh I have a pretty well-paid permie position and my current financial situation and responsibilities isn't right for the ups and downs of contracting...I would like to know a bit more about the above though in case I am ever made redundant in which case my redundancy package cold allow me the time to look into contracting more seriously.
Cheers,
Wayne
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