Trying to get rough comparison of day rate to Perm salary

[Spanishman]

First post so apologies if in the wrong place. As an agency we normally work on permanent opportunities but a recent project has engaged us with a number of contractors. I am trying to get an approximate Permanent Salary comparison for somebody currently on a £630 day rate. I know there are lots of variables but even a shot in the dark is better than where I am now Thank you all.

[malvolio]

But as a rough rule of thumb, salary / 1000 gives an hourly rate.

[javadude]

If say more like salary/500 equals hourly rate.

[malvolio]

If say more like salary/500 equals hourly rate.

Let's not start that again. The 1000 figure has held for a long time now.

[MrRobin]

Not this question again!! You're right, there are lots of variables. So many that a simple conversion factor is not really realistic...

However...

If say more like salary/500 equals hourly rate.

What planet are you on??! £630/day = £45,000? No way...

[Scrag Meister]

Let's not start that again. The 1000 figure has held for a long time now.

WMS

Assuming 8 hour day, 630/8=78.75ph.
Therefore 78.75 * 1000 = £78750 pa

As Mal said its an estimate, not an exact science.

Would take some catching up with the £144k earned on a £630pd contract over a 46 week year. So make sure they are aware of the "benefits".

[BlasterBates]

£45000 include employers contributions is around 54 grand

Now add on 20 grand for admin and benefits roughly (this is what a contractor has to spend on "stuff" like the acountant)

Now divide by 230 gives around £320 pre day.

Pitch around 300-400. 350 wouldn't be a bad rate to offer.

At the end of the day the market rate determines what you should pay, ie. contractor and permie adverts should bring in the same quality of CV. Try an advert at the low end (300) and see what interest there is.

[malvolio]

£45000 include employers contributions is around 54 grand

Now add on 20 grand for admin and benefits roughly (this is what a contractor has to spend on "stuff" like the acountant)

Now divide by 230 gives around £320 pre day.

Pitch around 300-400. 350 wouldn't be a bad rate to offer.

At the end of the day the market rate determines what you should pay, ie. contractor and permie adverts should bring in the same quality of CV. Try an advert at the low end (300) and see what interest there is.

Or (45,000 / 1000) = 45. (45 * 8) = 360 per day.

WIWIS...

[javadude]

What planet are you on??! £630/day = £45,000? No way...

Oops maths was wrong in turning the equation round. Don't tell my customer my maths is this bad on a Tuesday afternoon :-) Meant 2000 so 630 would give 157,500.

[Spanishman]

Thank you all for such a prompt response. There are lots of variables to consider and since I am more accustomed to quoting annual permanent salaries then a rough guide is useful to have