Leaving contract and going permanent, what's your view?

[CDP90]

Hello all, I need some advice please.

I have been contracting for many years (inside IR35) as security consultant, but I have been asked by the company I am currently contracting to join as a permanent employee. If I join as a permanent staff, my monthly take home would be about 2K less, but overall package and bonus would equate to same as contracting pay if I calculate on annual basis. Additionally, there are other benefits such as private dental and healthcare, insurance, 28 days annual paid holiday etc. Company's requirement is to go to office twice a week (currently full time WFH).

What would you suggest if I should stick to contracting role or take the permanent position?

Would appreciate your feedback.

Cheers...

[Zigenare]

Hello all, I need some advice please.

I have been contracting for many years (inside IR35) as security consultant, but I have been asked by the company I am currently contracting to join as a permanent employee. If I join as a permanent staff, my monthly take home would be about 2K less, but overall package and bonus would equate to same as contracting pay if I calculate on annual basis. Additionally, there are other benefits such as private dental and healthcare, insurance, 28 days annual paid holiday etc. Company's requirement is to go to office twice a week (currently full time WFH).

What would you suggest if I should stick to contracting role or take the permanent position?

Would appreciate your feedback.

Cheers...

Forget it and get an Outside IR35 contract - don't let the bastards grind you down!

[CDP90]

Forget it and get an Outside IR35 contract - don't let the bastards grind you down!

Unfortunately, they don't provide the contract outside IR35.

[Zigenare]

Unfortunately, they don't provide the contract outside IR35.

There are other clients that do provide an outside IR35 facility.

A side note for everyone, make a point of telling your pimps that you'll only sign outside IR35 contracts - keep the pressure on!

[vetran]

Remember a perm contract is basically a 1 month contract but with access to the staff canteen. Even if you are there for years they won't pay you a decent redundancy package or feel bad if you get in the way of their bonus.

What is the alternative will they fire you if you won't convert?

They want you so start pushing for training, career progression, opportunities etc.

They started it so have a look around and see what the going rate is.

[sadkingbilly]

Hello all, I need some advice please.

I have been contracting for many years (inside IR35) as security consultant, but I have been asked by the company I am currently contracting to join as a permanent employee.
What would you suggest if I should stick to contracting role or take the permanent position?

Would appreciate your feedback.

Cheers...

is this offer repacing your contract? is it 'go perm or leave'?.

[sadkingbilly]

Remember a perm contract is basically a 1 month contract but with access to the staff canteen. Even if you are there for years they won't pay you a decent redundancy package or feel bad if you get in the way of their bonus.

this from the 30 year permie

[vetran]

this from the 30 year permie

oh no its 40 year permie with a few years off contracting.

The point is people think permie is more secure, its not.

[ladymuck]

Ultimately, the OP needs to understand what their alternatives are.

If the offer is indeed go perm or go home then what does the job market look like for them at the moment? Many people are finding it tough to get another gig, irrespective of what flavour of tax regime it falls under.

If you can handle being out of work for the 6+ months it might take to get another job, then walk and take your chances. Otherwise, take the perm role, make sure your notice period is as short as possible and keep earning while you look for something else.

If the work is ok and the people aren't complete retards to work with then why not?

[Zigenare]

Ultimately, the OP needs to understand what their alternatives are.

If the offer is indeed go perm or go home then what does the job market look like for them at the moment? Many people are finding it tough to get another gig, irrespective of what flavour of tax regime it falls under.

If you can handle being out of work for the 6+ months it might take to get another job, then walk and take your chances. Otherwise, take the perm role, make sure your notice period is as short as possible and keep earning while you look for something else.

If the work is ok and the people aren't complete retards to work with then why not?

That is much too sensible a response! Remember where you are for goodness sake!