• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

100k to go perm or 550 p/d.

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    100k to go perm or 550 p/d.

    Long time lurker on this forum, incredibly useful site, now have a question of my own.

    I work in banking in a specialism that is in demand. I have been at my gig for 12 months and am considering going perm. I have never had an issue with finding contracts, this is my 3rd, and I have a reasonable war chest (12 months coverage).

    I generally prefer my working arrangements as a consultant and he working relationship with my clients has been excellent.

    The offers I have in the table are:

    Offer 1) At my current client, @550 per day - I have 230 more days guaranteed. The chance of it going beyond this is very slim.

    Offer 2) 100k base, plus ~20k flex, hols etc. I'm seriously considering this as at this point in my career if I go up another level on the rung will eclipse my potential daily rates.

    Plus we have a child on the wy in 6 months and will be looking at moving (bigger mortgage) within 12.

    Thoughts?

    #2
    Welcome to CUK Bobmcbob!

    Personally I would take the £100k permie job. If you have a young family and the job has good benefits and potential it's the way to go.

    And remember, there's no such thing as a permanent job these days. You can always chuck it after a couple of years if it's not going the way you expected.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

    Comment


      #3
      Agree with Cojak insofar as the perm deal is a better financial offer, and probably somewhat more secure. Obviously, it's tough to beat the soft benefits of contracting

      Comment


        #4
        Originally posted by Bobmcbob View Post

        The offers I have in the table are:

        Offer 1) At my current client, @550 per day - I have 230 more days guaranteed. The chance of it going beyond this is very slim.
        Nothing is guaranteed in contracting.

        Permie gig all day long. No brainer IMO.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

        Comment


          #5
          If you want security in banking - take the contract offer.

          Can you put up with all the associated 360, 3+, 3-, and other admin stuff?

          Comment


            #6
            Originally posted by northernladuk View Post
            Nothing is guaranteed in contracting.

            Permie gig all day long. No brainer IMO.
            Nothing is guaranteed in permie anymore.

            Where does the permie position sit in the company hierarchy - who does it report to? Is he/she we liked/respected or potentially on their way out in the next reshuffle.

            but up to you!

            Comment


              #7
              Originally posted by original PM View Post
              Nothing is guaranteed in permie anymore.

              Where does the permie position sit in the company hierarchy - who does it report to? Is he/she we liked/respected or potentially on their way out in the next reshuffle.

              but up to you!
              Thanks for all of the advice.

              The perm role is a step up in the hierarchy compared to my current gig, reports to director level, but do not know about the politics, and this would be a risk.

              My current client is very, very good all round - good people, good work and always pay on time (would almost feel bad leaving them before the year is up). The problem is the budget is paid from another programme that will end by 2019, and 'cost-cutting' is flavour of the month. Considering the economic climate I don't want to be out of work a year from now and so am leaning towards the perm offer..

              Comment


                #8
                Originally posted by Bobmcbob View Post
                Considering the economic climate I don't want to be out of work a year from now and so am leaning towards the perm offer..
                Personally I have found permanent no more secure than contract.

                Comment


                  #9
                  Originally posted by BrilloPad View Post
                  Personally I have found permanent no more secure than contract.
                  At my current banking client they were told they would have to fire a Perm to extend my contract.
                  (which no manager in his right mind, unless really pushed, would do)

                  Make of that what you will
                  The Chunt of Chunts.

                  Comment


                    #10
                    Originally posted by MrMarkyMark View Post
                    At my current banking client they were told they would have to fire a Perm to extend my contract.
                    (which no manager in his right mind, unless really pushed, would do)

                    Make of that what you will
                    You can't take a comment like that seriously though. The HR would be a nightmare.
                    'CUK forum personality of 2011 - Winner - Yes really!!!!

                    Comment

                    Working...
                    X