Just Left 60K Permie Job To Contract At 400 Per Day - Am I mad

[Shimano105]

£250pd == ~£60k perm if you play your cards right through the limited co.

What are you talking about?

£250 a day for 48 weeks is 60k regardless of limited, brolly or size of underpants. It is the gross amount.

How you maximise the take-home from that would be decided by the above.

[milanbenes]

Gonzo,

how is this calculated...

If you were on £60,000 a year as a permie then assuming that what you are doing contract is at a similar level then you should be looking at £600 per day.

?

Milan.

[shaunbhoy]

Gonzo,

how is this calculated...

If you were on £60,000 a year as a permie then assuming that what you are doing contract is at a similar level then you should be looking at £600 per day.

?

Milan.

Don't sweat it milan, there will be Burger Kings on Neptune before you earn either amount.

[milanbenes]

he he good one Shaun

I love the way you always applaud your jokes

hope all is fine at the chocolate box cottage

ooeer

Milan.

[shaunbhoy]

he he good one Shaun

I love the way you always applaud your jokes

hope all is fine at the chocolate box cottage

ooeer

Milan.

Cheers milan, I do try to please.
Things pretty good down here in the English Riviera thanks for asking. How about you, you still lording it over in Czech Rep or am I behind the times again?

[minestrone]

Yes,

I can get 400 a day in my area but 60k permie a year is well out of my reach.

[mace]

http://old.jobstats.co.uk/jobstats.d/Rates.html

Using raw maths:-

25% of permies earn more than £60k per year.
25% of contractors earn more than £58 per year.

For a permie on £60k to get £600 per day, they'd have to put in >10 hour days.
If we assume a 7.5 hour day, then you could expect to earn an average of £435 per day.

As we all know it's a marketplace, and in contracting it's more of a case of what you know and in permiedom who you know. Therefore, it's quite possible that somebody earning >£100k per year can end up accepting a contract rate of £300 per day and somebody who earned £30k per year getting a contract rate of £600 per day if they have really niche skills and the client's desperate.

[bangface]

A contract is only ever as long as your notice period.

Exactly! There are no guarantees! I would have stayed in the permie role and eeked as much life out of it as I could before making the switch, particularly given the way the contract market is at the moment.

[Platypus]

25% of contractors earn more than £58 per year

I'm better off than I thought

[moony1234]

I'm better off than I thought

I cant say im convinced on that figure of 25% earn more than 58k...

I'm on a relatively low rate and earn a fair bit more than that!