First Contract - What Daily Rate & Expenses

[miniboy]

I have just left full time employment on a salary of £95k and £15k commission plus usual company benefits, pension car, etc. and now starting in interim Management and have approached for a senior role on what is likely to be a 6 month contract. I concentrated on selling my ability to be a success and will not discuss my daily rate until next week.

The role is likely mean spending the majority of time on site in Europe and have no real idea of the following.

1) What would be a reasonable equivalent day rate to my old perm package?

2) With regards to expenses what would be reasonable for flights, accommodation, meals, laundry etc etc

All advice welcome.

Many thanks

[cojak]

Welcome to CUK

Take a look at the calculators Calculators and first timers guide on the right border.

You should have negiotiated expenses with the agent regarding things like maximum hotel and meal costs per day which should be in the contract. You claim all necessary expenses and need to keep all receipts.

Avoid organising hotels in sites like Expedia as they don't separate VAT in their invoices and you may have problems claiming VAT back.

[miniboy]

Thanks Cojak
I will take a look at the calculators. I'm not going through an agent. I friend of mine suggested me directly so am talking directly to the company. It's a small but very well funded company. Is there such thing as a standard contract that as could use as a starting point if the company doesnt have one. I think all their other employees are perm.

[cojak]

The best thing to do is to get yourself over to the PCG website and join up for their PCG+ membership Join PCG | PCG. You'll get access to their contracts as well as having insurance.

[cojak]

But if you're that senior and you have a lot of travel to arrange, I would find a little independent travel agent who does business travel, I have one I use if I don't have the time to spend on the web getting the best deals. They'll book your Ryanair flights and the like and it really won't cost you much more than doing it yourself. And they know to invoice you in a business-friendly way.

[miniboy]

Thanks Cojak. Lots to think about. Have you any experience of Brookson? They have been recommended to me and have found today that they have an overseas taxation specialist service too.

[MarillionFan]

I have just left full time employment on a salary of £95k and £15k commission plus usual company benefits, pension car, etc. and now starting in interim Management and have approached for a senior role on what is likely to be a 6 month contract. I concentrated on selling my ability to be a success and will not discuss my daily rate until next week.

The role is likely mean spending the majority of time on site in Europe and have no real idea of the following.

1) What would be a reasonable equivalent day rate to my old perm package?

2) With regards to expenses what would be reasonable for flights, accommodation, meals, laundry etc etc

All advice welcome.

Many thanks

For a £95k salary, I would have concentrated on my ability to punctuate properly as opposed to your ability to 'be a success'.

[SueEllen]

For a £95k salary, I would have concentrated on my ability to punctuate properly as opposed to your ability to 'be a success'.

Don't be so bitter.

[mudskipper]

The oft quoted rule of thumb for rate is annual salary / 1000 = hourly rate.

So taking 110k as your perm salary, if you're going to be working an 8 hour day, you should be thinking around the £880 mark, but I'd suggest that there's some room for a fair bit flexibility either way.

[miniboy]

For a £95k salary, I would have concentrated on my ability to punctuate properly as opposed to your ability to 'be a success'.

Thanks for the info guys.

MarillionFan, If that's all you have to offer I can see why you have the time on your hands to make 24000+ posts!