If you are
a) a senior manager in a big company employing lots of people, then you will find (in an accountancy sort of way...), that 40k salary for a full time employee is roughly the same as 40/hour as a contractor because if you employ lots of people then:
- some of them get sick, on average 10 days a year. The softies
- some of them need training, on average a couple of grand a year. The ignorant incompetent monkeys.
- they want pensions. The grasping gets
- they have unrealistic expectations of getting paid every month, even if the company isn't doing so well. Which is just selfish.
- they take holiday. Holiday ? I ask you
- it costs an arse and an elbow to recruit them. For once, this isn't the employee's fault. But you can blame them anyway, they probably deserve it.
....etc etc (I won't repeat the rest of the previous lists)
but if you are
b) a contractor working for his loansome. Then for some strange reason you find that 40/hour feels like a heck of a lot more than 40k salary because
- you don't seem to get sick as often as the others, perhaps because you don't get paid when you're sick
- you find ways of training yourself that don't involve a semi-paid pissup in the hotel of of your choice whilst desperately trying to get off with the only woman on the course (and yes, she is smarter than you, and no, she isn't interested...)
- you are obsessive (oh yes, obsessive) about watching where all that pre-tax income goes
- you store up savings like squirrels store up nuts for the winter, and only pay yourself what you need, as opposed to what you earn
- you take time off when there's no work, as opposed to when it suits you
- you don't cost an arm and an elbow to recruit.
...which is how, an accountants 40k becomes a contractors 40/hour.
The moral of this story is.
- if you think that you are healthier, smarter and better at managing things than the average permanent member of staff, then go contracting.
- never take an hourly rate less than you think the equivalent annual salary would be divided by 1000 ('cos who wants to make accountants happy?)
and, best of luck ourrob, it's a jungle out there (i.e. full of monkeys)
a) a senior manager in a big company employing lots of people, then you will find (in an accountancy sort of way...), that 40k salary for a full time employee is roughly the same as 40/hour as a contractor because if you employ lots of people then:
- some of them get sick, on average 10 days a year. The softies
- some of them need training, on average a couple of grand a year. The ignorant incompetent monkeys.
- they want pensions. The grasping gets
- they have unrealistic expectations of getting paid every month, even if the company isn't doing so well. Which is just selfish.
- they take holiday. Holiday ? I ask you
- it costs an arse and an elbow to recruit them. For once, this isn't the employee's fault. But you can blame them anyway, they probably deserve it.
....etc etc (I won't repeat the rest of the previous lists)
but if you are
b) a contractor working for his loansome. Then for some strange reason you find that 40/hour feels like a heck of a lot more than 40k salary because
- you don't seem to get sick as often as the others, perhaps because you don't get paid when you're sick
- you find ways of training yourself that don't involve a semi-paid pissup in the hotel of of your choice whilst desperately trying to get off with the only woman on the course (and yes, she is smarter than you, and no, she isn't interested...)
- you are obsessive (oh yes, obsessive) about watching where all that pre-tax income goes
- you store up savings like squirrels store up nuts for the winter, and only pay yourself what you need, as opposed to what you earn
- you take time off when there's no work, as opposed to when it suits you
- you don't cost an arm and an elbow to recruit.
...which is how, an accountants 40k becomes a contractors 40/hour.
The moral of this story is.
- if you think that you are healthier, smarter and better at managing things than the average permanent member of staff, then go contracting.
- never take an hourly rate less than you think the equivalent annual salary would be divided by 1000 ('cos who wants to make accountants happy?)
and, best of luck ourrob, it's a jungle out there (i.e. full of monkeys)
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