Dreams of Working From a Beach Risk Turning Into a Tax Nightmare

[GigiBronz]

Guy in the video is correct if you apply it to the average permie. 50 years working a dire corporate gig on an average permie salary. Insane.

As a contractor the client is the insane one in the relationship, paying us 150K (for some way more) a year to tap out a few lines of code every day.

that is quite tough...

recently I had an interview with a decent company, 700pd inside. after putting in the effort they've decided to consider me for a 75k perm role and schedule another 2 interviews. I told the to f off, 90k base or nothing.

it was the only contract role I've been put forward in the last month.

I had another interview that after passing the coding challenge, they tried to push down my salary expectations and have me undergo a second tech challenge, an IQ test and an HR discussion, all in the same day.

the prerogative for a while has been: 'finding the most willing slave', they push you around and underpay you so you keep coming to them for the salary. which is peanuts in terms of buying power.

market is picking up but hopefully decent roles come around as well.

[NowPermOutsideUK]

As a contractor the client is the insane one in the relationship, paying us 150K (for some way more) a year to tap out a few lines of code every day.

This is like saying s plumber gets to tighten screws for 150K a year as pimlico plumbers - Come on - A lot of us went to university and studied and have options

[Fraidycat]

This is like saying s plumber gets to tighten screws for 150K a year as pimlico plumbers - Come on - A lot of us went to university and studied and have options

Many other professions, (eg teachers) went to university too, most earn less than 50K a year. And many perm IT people who went to uni earn around 50K as well.


At my current gig, there is a perm guy, he is the hardest working guy i ever met in 25 years working in IT.

This hardworking really smart guy gets paid just 65K as a perm.

[GigiBronz]

Many other professions, (eg teachers) went to university too, most earn less than 50K a year. And many perm IT people who went to uni earn around 50K as well.


At my current gig, there is a perm guy, he is the hardest working guy i ever met in 25 years working in IT.

This hardworking really smart guy gets paid just 65K as a perm.

there was never justice any about it. the only difference is knowing how to sell yourself and keeping away from the BS management might try to sell you.

the management might fire a contractor from time to time to show just "how insecure a contract is" to make the hating permies feel better. or other tactics... giving him a female graduate to 'mentor'. give him a contractor to boss around... depends on what the manager things that resonates with the individual.

the guy is probably being bossed around by his wife as well so he is in the submissive beta male mindset with an overstretched mortgage over his head so he doesn't even dare to take more risk to be a contractor.

it's quite easy to burn out when you don't know what you are working towards and doing it for extensive periods of time. my best guess he will end that way.

as a permi you could just stop doing work but if you have to be in the office it is depressing (and the management might be hard on you as they benchmark your productivity to what previously was)

or you quit but you end up on the street because you cannot save money on 65k.

clown world

[Fraidycat]

or you quit but you end up on the street because you cannot save money on 65k.

His wife also works and has a well paying job, so they are well over 100K combined income.

The guy is a machine, the Terminator comes to mind. He never gets tired or angry. He has four or five tickets open at the same time and will answer questions and help whenever you ask.

He is the mythical 10x programmer. He is worth 10 average programmers. So £5000 a day as a contractor. £500K as a perm.

Model employee, this is the guy you want on your project. And I often wonder why he isn't out there earning £250K+ as a permie at a hedge fund (he is also extremely smart as well as hard working). Even 250K would be steal for this guy, let alone his current salary.

[GigiBronz]

His wife also works and has a well paying job, so they are well over 100K combined income.

The guy is a machine, the Terminator comes to mind. He never gets tired or angry. He has four or five tickets open at the same time and will answer questions and help whenever you ask.

He is the mythical 10x programmer. He is worth 10 average programmers. So £5000 a day as a contractor. £500K as a perm.

Model employee, this is the guy you want on your project. And I often wonder why he isn't out there earning £250K+ as a permie at a hedge fund (he is also extremely smart as well as hard working). Even 250K would be steal for this guy, let alone his current salary.

I think you should have a chat with him... it is a shame that he is saving that company so much money and his ambition and ability is going to waste.

have a chat with him, even put him in touch with a good recruiter from finance. write him an informal recommendation he probably deserves it.

efficiency in the white collar jobs does not usually correlate with compensation, actually it might be quite the opposite... so you are doing the rest of the team a favour as well.

[Whorty]

there was never justice any about it. the only difference is knowing how to sell yourself and keeping away from the BS management might try to sell you.

the management might fire a contractor from time to time to show just "how insecure a contract is" to make the hating permies feel better. or other tactics... giving him a female graduate to 'mentor'. give him a contractor to boss around... depends on what the manager things that resonates with the individual.

the guy is probably being bossed around by his wife as well so he is in the submissive beta male mindset with an overstretched mortgage over his head so he doesn't even dare to take more risk to be a contractor.

it's quite easy to burn out when you don't know what you are working towards and doing it for extensive periods of time. my best guess he will end that way.

as a permi you could just stop doing work but if you have to be in the office it is depressing (and the management might be hard on you as they benchmark your productivity to what previously was)

or you quit but you end up on the street because you cannot save money on 65k.

clown world

Well, someone is going to have a woolly head in the morning having consumed all that sherry ..... that is a rant and a half there fella

[GigiBronz]

Well, someone is going to have a woolly head in the morning having consumed all that sherry ..... that is a rant and a half there fella

I struggle reading it myself indeed...

and it was beer

[d000hg]

Enjoying a nice Co-op meal deal for lunch, prawn sandwiches and mini pork pies.

[AtW]

Enjoying a nice Co-op meal deal for lunch, prawn sandwiches and mini pork pies.

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