Contract rates: Daily v Hourly - Contractor UK Bulletin Board

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!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

thunderlizard replied

2 September 2007, 22:21
There are a couple of reasons.
Firstly, there are industries that just like to pay daily rates (consulting; finance) and they tend to be more demanding and pressured than others (retail, light industrials) that prefer to pay hourly.

Secondly, even within the same industry, low-responsibility code monkey jobs tend to pay hourly; jobs with more accountability, that might indeed require a couple more hours a day, tend to pay daily.
Leave a comment:
TheFaQQer replied

2 September 2007, 16:38
It's probably just that the jobs that are advertised as paying an hourly rate pay lower. Since it's just an average of two separate collections of jobs, there's no real link between the two.

I guess they could assume that a daily rate is 7.5 hours and average the two together, but that may not be the case in a number of situations.
Leave a comment:
ktorn started a topic Contract rates: Daily v Hourly

2 September 2007, 14:08
Contract rates: Daily v Hourly

Hi all,

Just looked at the contract rates for Java programming in London.

Can't really understand why there's such a discrepancy between the hourly (£44.59) and daily (£496) averages. According to these values a daily rate contractor would have to work 11 hours a day to earn the same as a daily rate contractor.

Are these figures, based on contract advertisements (not actual contract rates), to be trusted?
Tags: None

Working...

X