Originally posted by BR14
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Reply to: Contract to Perm
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Previously on "Contract to Perm"
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Going from £450/day to £80k pa is pretty good.
I can't get a £80k salary. I tried to switch to perm and highest offer was at 65k, ended up taking another contract at £500/day outside.
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Originally posted by GigiBronz View PostAgree, market is bad atm.
But in my book consultancy is worse then permi with client.
Unless you know the consultancy, know where they are sending you, know what you are in for.
It will be an unnecessary level of management that would like to get their money worth and considering that there are isn’t an work environment that they could upset, it is more likely for them to get nasty.
You’ll be asked more likely to support additional projects that if you don’t go along with, will get bad reviews and get stuck with crap work.
Maybe it is just me that sees them this way but it is business as usual and nobody is paying you extra for nothing.
Consultancy - sounds glamourous - but the kind of companies that typically use consultants are not the kind of companies you want to work for. And thats effectively what you are doing working for a consultancy. Indirectly working for an undesireable company. Often in frustratingly dysfunctional environments.
Thats part of the flaw in IR35. Consultancies are relying on paying premium rates to contractors to get them to work for them with these undesireable clients. How many will want to now even with a salary of £80k (£4,578 net pm). As a higher rate tax payer. There wont be that much difference net per month than £65k (£3,853). £700 extra per month for having your soul destroyed - Is it worth it?
Unfortunately in perm to get 30% more salary than usual market rates its either consultancy or finance industry. Unless you can get a very senior role outside these 2 arenas.
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Agree, market is bad atm.
But in my book consultancy is worse then permi with client.
Unless you know the consultancy, know where they are sending you, know what you are in for.
It will be an unnecessary level of management that would like to get their money worth and considering that there are isn’t an work environment that they could upset, it is more likely for them to get nasty.
You’ll be asked more likely to support additional projects that if you don’t go along with, will get bad reviews and get stuck with crap work.
Maybe it is just me that sees them this way but it is business as usual and nobody is paying you extra for nothing.
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Originally posted by northernladuk View PostYou sums are based on an outside gig which are going to be like hens teeth. Dunno the exact numbers but assume only 50% (and I think that is ridiculously optimistic) are outside, then assume you won't be battling with just benched contractors, everyone inside is going to be going for them the number of people applying will be in the many 100s per role.
IMO it's gonna be a nightmare.
Run your figures against an inside gig with 3 months on the bench and see how attractive the perm role is. I'll bet it starts to look very good. Plus the benefit of coming back contracting with a different skill and billing more.
I had competition from at least 100 for an inside IR35 role !! Market is very tough at the moment. I would say its 90%-10% inside currently.
Take the permie role, get as much training as you can, and keep an eye on the situation. If you MVL your company, then you have a couple of years to wait anyway.
I ran the figures and as a Senior Business Analyst I couldn't
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Originally posted by mattfx View PostLooking quite likely that I am going to have an offer in the post this week for a niche Modern Workplace consultancy company. WFH when not at client site, come into the office for shindigs and free beer. Salary circa £80k plus some benefits and 5% pension conts. Potential to fly the technical nest and head toward programme management if I play my cards right.
I've run the sums.. If I am working the days I usually do each year (225-230 days) @ £450/day I am still better off contracting.. But I am trying to weigh up how much of a gamble that is post IR35 reform time.
I am also tempted to do this so I can close the company up and buy the Lotus I've fancied for the past 5 years with the remaining warchest... But I just don't know if I can go back to permiedom.
Help!
They do pay more consultancies - for that reason. Nobody wants it.
Also your clients will likely be BSC. Big Stupid Companies.
Painfully edging your projects forward against a back drop of incompetence and beaucracy. Unless it £450 a day outside at least. I wouldnt do it.
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Recently faced the same decision, except with a lower salary offered.
Afraid I've lost faith in the contracting market, I'd hope to see it pick up at some point but to wage your bet on it being any time soon would be a foolish move (in my opinion). I took the perm. I'll play the perm game for as long as I need to. Got bills to pay and mouths to feed.
EDIT: Also, I'd focus a little less on 'post ir35 reform', I don't understand what people are suspecting could possibly change in April. The key thing here is how clients perceive and react to ir35, and that reaction is already well underway.
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+ remember 30 days holidays is like free money
Sent from my iPhone using Contractor UK Forum
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Originally posted by mattfx View PostLooking quite likely that I am going to have an offer in the post this week for a niche Modern Workplace consultancy company. WFH when not at client site, come into the office for shindigs and free beer. Salary circa £80k plus some benefits and 5% pension conts. Potential to fly the technical nest and head toward programme management if I play my cards right.
Help!
Consultancies are not that bad, they're ok. I've worked for a number of consultancies in the past both as a perm & contractor. Good thing is that you can fight for an interesting project & client to work on (especially if you're perm). Potential downside is, if they somehow don't rate you then you be stuck with crap work from time to time.
Anyways, it depends on what your short-term & long term financial goals are and whether its short term or long term thats more important for you. So choose an option going forward to would meet your finanical goals.
Originally posted by mattfx View PostI am also tempted to do this so I can close the company up and buy the Lotus I've fancied for the past 5 years with the remaining warchest... But I just don't know if I can go back to permiedom.
Help!
then by all means go for the Perm role. Good luck.
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You sums are based on an outside gig which are going to be like hens teeth. Dunno the exact numbers but assume only 50% (and I think that is ridiculously optimistic) are outside, then assume you won't be battling with just benched contractors, everyone inside is going to be going for them the number of people applying will be in the many 100s per role.
IMO it's gonna be a nightmare.
Run your figures against an inside gig with 3 months on the bench and see how attractive the perm role is. I'll bet it starts to look very good. Plus the benefit of coming back contracting with a different skill and billing more.
Leave a comment:
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Originally posted by mattfx View PostLooking quite likely that I am going to have an offer in the post this week for a niche Modern Workplace consultancy company. WFH when not at client site, come into the office for shindigs and free beer. Salary circa £80k plus some benefits and 5% pension conts. Potential to fly the technical nest and head toward programme management if I play my cards right.
I've run the sums.. If I am working the days I usually do each year (225-230 days) @ £450/day I am still better off contracting.. But I am trying to weigh up how much of a gamble that is post IR35 reform time.
I am also tempted to do this so I can close the company up and buy the Lotus I've fancied for the past 5 years with the remaining warchest... But I just don't know if I can go back to permiedom.
Help!
Consultancy isn't bad - certainly a halfway house between normal permiedom and contracting.
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Contract to Perm
Looking quite likely that I am going to have an offer in the post this week for a niche Modern Workplace consultancy company. WFH when not at client site, come into the office for shindigs and free beer. Salary circa £80k plus some benefits and 5% pension conts. Potential to fly the technical nest and head toward programme management if I play my cards right.
I've run the sums.. If I am working the days I usually do each year (225-230 days) @ £450/day I am still better off contracting.. But I am trying to weigh up how much of a gamble that is post IR35 reform time.
I am also tempted to do this so I can close the company up and buy the Lotus I've fancied for the past 5 years with the remaining warchest... But I just don't know if I can go back to permiedom.
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