Recently came across this god awful article on contractors and the magic money tree.
The Slow Death of an IT Contracting Career - Beware
Dreadful article, couple of things
- Who works 50 weeks of the year? Contractors need holidays and don't get paid for bank, holidays sick and Christmas more like 47 if you're lucky.
- Contractors have lean periods factor that over a 5 ears and average becomes 42 weeks a year if your lucky. I've had three months looking for work.
- Contractors don't get a pension, minimum 4% employer contribution let's knock off another 2 weeks.
- So 40 weeks on average over 5 years.
- So looks like £2000 x 40 weeks which is £80K.
For that you work like a dog, you work hard and long hours, no training, uncertainty, stress. You bring masses of experience, you deliver at pace and if you don't your out simple.
The equivalent full time job at that level is probably £80k, I've just been offered that.
The Slow Death of an IT Contracting Career - Beware
Dreadful article, couple of things
- Who works 50 weeks of the year? Contractors need holidays and don't get paid for bank, holidays sick and Christmas more like 47 if you're lucky.
- Contractors have lean periods factor that over a 5 ears and average becomes 42 weeks a year if your lucky. I've had three months looking for work.
- Contractors don't get a pension, minimum 4% employer contribution let's knock off another 2 weeks.
- So 40 weeks on average over 5 years.
- So looks like £2000 x 40 weeks which is £80K.
For that you work like a dog, you work hard and long hours, no training, uncertainty, stress. You bring masses of experience, you deliver at pace and if you don't your out simple.
The equivalent full time job at that level is probably £80k, I've just been offered that.
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