Boomed 900,000

[d000hg]

Why is it that the government seem to think there is an 'IT Skills Shortage' where as on here we seem to think the opposite?

Is it because what they actually mean is there is an "IT skills shortage of people willing to work for £20k PA and as all my CEO chums do not want to pay £40k pa to their staff as they think IT is 'easy' and nothing more than 'admin work'"

bit confused and just askin!

If you have to pay £400/day to get good people, there is a shortage.

[eek]

If you have to pay £400/day to get good people, there is a shortage.

is there?

A Locum GP is minimum £70 an hour.

[original PM]

If you have to pay £400/day to get good people, there is a shortage.

thing is if you assume a household where only 1 person works 40k PA is actually only just break even...

and I do not think anyone goes to uni, spends time, money and effort keeping skills up to date etc - just to earn a living wage with no luxuries

so there is no shortage there is a lack of understanding (or a lack of wanting to understand) what it takes to ensure that as an IT professional you are up to speed with all current technologies.

the average CIMA qualified accountant with say 5 years experience will set you back at least 40k I do not see anyone complaining about a shortage of bean counters anywhere

[d000hg]

is there?

A Locum GP is minimum £70 an hour.

a)Public sector doesn't follow normal supply & demand as it's not a free market
b)When you have to train for nearly a decade, there's a barrier to entry.

[d000hg]

thing is if you assume a household where only 1 person works 40k PA is actually only just break even...

and I do not think anyone goes to uni, spends time, money and effort keeping skills up to date etc - just to earn a living wage with no luxuries

so there is no shortage there is a lack of understanding (or a lack of wanting to understand) what it takes to ensure that as an IT professional you are up to speed with all current technologies.

the average CIMA qualified accountant with say 5 years experience will set you back at least 40k I do not see anyone complaining about a shortage of bean counters anywhere

Why are you comparing £40k with £400/day? £40k isn't a particularly high salary, £400/day is a lot of money.

[Ignis Fatuus]

Why are you comparing £40k with £400/day? £40k isn't a particularly high salary, £400/day is a lot of money.

Public holidays, holidays, bench time, better get some training too (fees + time off), provide for own pension, accountant fees, NICs, factor in a risk premium too, and I don't believe that they are poles apart.

[eek]

Why are you comparing £40k with £400/day? £40k isn't a particularly high salary, £400/day is a lot of money.

You're the one who started discussing £400 a day. I merely pointed out that for some markets its below the market rate.

[original PM]

Why are you comparing £40k with £400/day? £40k isn't a particularly high salary, £400/day is a lot of money.

true but if you assume 220 billable days per year this comes to 88k - but as we know two things to consider

1) Overheads of running a company etc
2) you will not always be earning 400 per day

so you will not be on a salary of 88k but in some years your company may bill for 88k

also as you 400 per day skill becomes less niche/obsolete then you need to re-train or get left behind - which is not the same as for many other professions.

[d000hg]

Public holidays, holidays, bench time, better get some training too (fees + time off), provide for own pension, accountant fees, NICs, factor in a risk premium too, and I don't believe that they are poles apart.

Yes I know that's the line we spin to permie friends lest they get jealous, but it's not accurate in reality. On £400/day you gross £40k in just 20 weeks. If you're working <50% of the year on average, you're crap. And of course we're more tax efficient up to £42k than permies anyway.

[d000hg]

true but if you assume 220 billable days per year this comes to 88k - but as we know two things to consider

1) Overheads of running a company etc

About £1500 a year. How much NI are you NOT paying as a director?

2) you will not always be earning 400 per day

See previous post. Even at 50-60% off the bench you're raking it in.