Reply to: Perm vs contract…..another thread!

[PerfectStorm]

You work with permies who are simply paranoid for no actual reason (as in worried about having to find another job) or genuinely worried because there's already been lay offs?

usually the former, but even in cases of the latter… good contractors know to welcome the opportunity of an arrangement coming to a close

[dsc]

I work with permies who are terrified of the idea of being laid off[...]

You work with permies who are simply paranoid for no actual reason (as in worried about having to find another job) or genuinely worried because there's already been lay offs?

[dsc]

Take. The. Contract. provided it is better paying

The question is how to calculate and evaluate which one is better and what numbers match what so that you can always "Take. The. Contract." - For that there is no straight answer although it seems like 550 a day == 100K (whorty last response)

Why do you keep repeating this question over and over? what do you mean "how?" ffs, day rate vs perm is pretty easy no?

[WTFH]

...provided it is better paying...

There's your answer.
If you are 100% obsessed with money, over life, family, relationships, humanity, learning, politics, religion, philosophy, etc, etc, then take whatever you think is better paying based on your personal circumstances.
For one person, one daily rate could be the same as a particular annual salary, for someone else it will be different values, because we do not know every person's circumstances or motivation.

And with that, I am publicly giving you a final warning - either you start filling in the blanks yourself of how YOU arrive at YOUR figures, and what YOUR personal circumstances are, or you say goodbye to everyone on here.

[jamesbrown]

although it seems like 550 a day == 100K (whorty last response)

Give it a rest, LPM1.

[NowPermOutsideUK]

I'm happy to give a straight answer - where things are mostly equal, always take the contract role.

Less politics, less faff you shouldn't be interested in, and if its crap, a decent name brand on your CV will open the next door anyway.

I work with permies who are terrified of the idea of being laid off while I finish contracts semi-regularly enjoying nice holidays in-between with the knowledge the market will have me back.

Take. The. Contract.

Take. The. Contract. provided it is better paying

The question is how to calculate and evaluate which one is better and what numbers match what so that you can always "Take. The. Contract." - For that there is no straight answer although it seems like 550 a day == 100K (whorty last response)

[PerfectStorm]

I'm happy to give a straight answer - where things are mostly equal, always take the contract role.

Less politics, less faff you shouldn't be interested in, and if its crap, a decent name brand on your CV will open the next door anyway.

I work with permies who are terrified of the idea of being laid off while I finish contracts semi-regularly enjoying nice holidays in-between with the knowledge the market will have me back.

Take. The. Contract.

[Whorty]

Another consideration, at least one I'm going through, is will the perm role boost your cv so when you go contracting rates could be boosted too? Or are you already potentially at the top of your contract range?

Personally I'm in a perm role that (if budget signed off) could see me delivering a project that could boost my cv and future contract earnings.

So iI'm staying perm for now, on £100k, rather than contract for 550 pd as I'm hoping my rate could be 6xx within 12 to 18 months.

Not thar I'm driven only by money, contract freedom is a big draw too to go back.

So I guess you need to think what you main drivers are, and if only money (which is fine btw) then how will the perm role help or hinder you?

[PCTNN]

which role will allow you to work less?

money is great for both options, so pick the more cushy one and enjoy life.

[BlasterBates]

I wouldn't rely on the bonus especially for a small company. You might get it in year 1 but I would be very sceptical. I would do the calculations based on no bonus. To get the bonus you may feel obliged to work very long hours.

[dsc]

Thanks for the response. Money has always been a driving factor of why I work, both offer a similar work/life balance so that’s kind of baked in.

It's easy to calculate how much you get in each role though, so I don't really understand your question. Just keep in mind contract work is not perm ie. even if you have 50 pimps trying to get you into a contract now, doesn't mean the same will be true in 12 months after you finish your current gig, you might be on the bench earning a big, fat £0 for a few weeks / months and then the whole yearly profit calculation goes to tulipe. Sure yes in a perm job you can also get laid off, but that's not the norm, in a contract, the client might loose their financing for a project and can drop you like a hot potato there and then, so perm != contract day rate x days worked per year.

[dl8860]

OP based on all the info you've given I'd take the perm option myself. For whatever that's worth

[jamesbrown]

I dream of a model which allows you to plug in perm number and get a day rate equivalent umber or vice versa

You are deeply weird, LPM1.

[NotAllThere]

To be fair Unix's original post was so wrong even an FTFY isn't gonna save it.

FTFY

[northernladuk]

FTFY

To be fair Unix's original post was so wrong even an FTFY is gonna save it.