Conversion formula into an equivalent permanent base?

[p3t3]

Hi, what would you consider a fair permanent base for a contract of £x per day? Thanks.

[rurffy]

Hi, what would you consider a fair permanent base for a contract of £x per day? Thanks.

Contract rate of £275 should ideally go for a perm of £50-60k

£300 then higher..

[stek]

Conversion formula into an equivalent permanent base?

Contract rate of £275 should ideally go for a perm of £50-60k

£300 then higher..

Ur kidding!

Rule of 1000 on hourly rate - £60/hr equals £60 equiv perm

[bless 'em all]

Ur kidding!

Rule of 1000 on hourly rate - £60/hr equals £60 equiv perm

You said equivalent ..... Tax/NI etc is a touch higher when you's a permie.

[p3t3]

You said equivalent ..... Tax/NI etc is a touch higher when you's a permie.

If the client offers you conversion to permie, surely they wouldn't do it 1:1, what would be an acceptable permanent base for a £300 p/d contract?

[Old Greg]

Contract rate of £275 should ideally go for a perm of £50-60k

£300 then higher..

Ur kidding!

Rule of 1000 on hourly rate - £60/hr equals £60 equiv perm

Somewhere in between for me. I am looking to give up contracting for 180 times daily rate which I consider a good deal.

I will however have less cash in my pocket.

[malvolio]

Somewhere in between for me. I am looking to give up contracting for 180 times daily rate which I consider a good deal.

I will however have less cash in my pocket.

Hourly * 1000 gives you the annual salary level to get roughly the same the same net take home.

But are you comparing like for like anyway? I recently turned down a switch to permiedon in my current role. One reason (among many) was that what I'm doing for this client is not what I do for a living, I'm merely supplying those particular skills to them. My actual skillset - and hence an appropriate basis for a discussion on salary - is considerably higher.

[SandyD]

Contracting To Permanent Calculator - what salary do you need to earn the same as permanent?

[p3t3]

Conversion formula into an equivalent permanent base?

So the 1000 times the hourly rule implies 125 days per year (assume 8 billable hrs per day), that's not a lot at all. Compare to 180 days in the previous post.

Why would anyone go permie for 125 contract days per year?

[stek]

Conversion formula into an equivalent permanent base?

So the 1000 times the hourly rule implies 125 days per year (assume 8 billable hrs per day), that's not a lot at all. Compare to 180 days in the previous post.

Why would anyone go permie for 125 contract days per year?

Because of the variables I think, very rare u get 12 months in a year and even if you could, would you want to?

There's no way you'll never have set backs or long wife enforced breaks or severe health problems. I think I lost at least four months last year, old gap, heart issue (ICD) and a severe infection.