Reply to: Permie to contract same company

[TheDandy]

Don't know where you are based but staying away could be the case for a very long time so have to ask yourself if you are prepared to do it for that long.

Agree. Don't go into contracting off the back of a knee-jerk reaction. Hotel rooms look nice for all of about a week.

[northernladuk]

South wales based so could possibly commute as far as Bristol at a push, but cardiff or newport more realistic.

Need to do your research before you jump to see if you are going to be able to get regular work in those areas then. If you can't... well you see your problem don't you.

[roach]

South wales based so could possibly commute as far as Bristol at a push, but cardiff or newport more realistic.

[northernladuk]

No not redundancy, can't take the current role I'm in anymore and fancy a change. To be honest if I get offered the other contract I'll probably go for it even if it does mean staying away.

Don't know where you are based but staying away could be the case for a very long time so have to ask yourself if you are prepared to do it for that long.

[Clare@InTouch]

That's the thing though, I'll have to clarify equivalent to what? My take home pay or do I factor in all the benefits to bump up the day rate.

You factor in the benefits. Get a quote for Sickness Insurance - add that in. Are they currently paying into your pension? Add that in too. Then bump up the rate to account for the 4 weeks paid holiday you'll be losing. The think of anything else you're going to be losing out on.

[roach]

No not redundancy, can't take the current role I'm in anymore and fancy a change. To be honest if I get offered the other contract I'll probably go for it even if it does mean staying away.

[northernladuk]

That's the thing though, I'll have to clarify equivalent to what? My take home pay or do I factor in all the benefits to bump up the day rate.

Either way it's a tulip deal.

A Fixed Term Contract includes holidays and the like as it's a short term permie contract but just has a pro-rata permie'ish rate. I expect this is the way they will go.

Find out the exact details and then you might be able to make a decision. No point floundering about on here when you don't even know what the score is.

[TheDandy]

Sounds like you should get all the facts first then. Are you taking redundancy by any chance? Sounds like your current employer is using you to test out a working model for cost reduction.

[northernladuk]

I was trying to be polite

[TheFaQQer]

FTFY

I was trying to be polite

[roach]

That's the thing though, I'll have to clarify equivalent to what? My take home pay or do I factor in all the benefits to bump up the day rate.

[northernladuk]

Why would you even bother considering this, then?

Stop wasting our time with this "offer" and find something worthwhile instead.

FTFY

[Clare@InTouch]

You moving to being a contractors saves them 13.8% in employers NI, plus they won't need to pay you holiday or sickness, or pension. So they make lots of savings, and you gain nothing - I can't imagine there will be lots of permies wanting to follow suit!

[TheFaQQer]

What complicates matters is that my boss reckons he will only give me an equivalent rate to what I'm currently on as a permie, even though we've got quite a few contractors here on standard contractor rates! This he says is to prevent opening the flood gates for other permies to follow suit.

Why would you even bother considering this, then?

Stop wasting your own time with this "offer" and find something worthwhile instead.

[northernladuk]

What complicates matters is that my boss reckons he will only give me an equivalent rate to what I'm currently on as a permie, even though we've got quite a few contractors here on standard contractor rates! This he says is to prevent opening the flood gates for other permies to follow suit.

Same money, no benefits, all the risk. Nicely done. This sounds more like an FTC but worse.

Forget your old employer IMO. If you are going to jump in do it properly.