Reply to: Just turned down 550 a day

[Le Rosbif]

For a perm role. I think I made the right choice.

Get yourself an alfa romeo "mytho" with your earnings

http://www.answers.com/topic/mythomania

[Moscow Mule]

Ok, so it is more like Senior VP role rather than a developer

Dev lead (for a reasonable size app) in a small bank is worth about £75k.

[Hex]

Ok, so it is more like Senior VP role rather than a developer

In investment banks it is quite normal for some developers to have the role "Senior VP". Believe me there are many more roles above that one. In the last bank I worked for being a "VP" meant you were a Junior programmer, most senior level developers were "Senior VP". The odd one or two was a "Director".

[mobi]

Ok, so it is more like Senior VP role rather than a developer

[nomadd]

What is the permie role that pays £75k/yr?

http://www.jobserve.com/Java-Develop...26D87463.jsjob

One of 41 jobs listed on Jobserve - in Java alone - with that type of salary.

EDIT: Or if you were holding out for £300k: http://www.jobserve.com/Senior-Java-...63A907EC.jsjob

[NeverBeenNorthOfTheM25]

What is the permie role that pays £75k/yr?

you having your doubts as to its validity???

[mobi]

What is the permie role that pays £75k/yr?

[swamp]

Greenfield is my favourite kind of work, none of the carp that comes with having to retrofit stuff.

Just the name Greenfield conjures up images of grass ..... cows ..... blue skies ...... its all very relaxing.

Greenfield work is great and it doesn't come around very often. But like I said, they often give it to contractors because the permies know the legacy systems.

[NeverBeenNorthOfTheM25]

greenfield work to the contractors.

Greenfield is my favourite kind of work, none of the carp that comes with having to retrofit stuff.

Just the name Greenfield conjures up images of grass ..... cows ..... blue skies ...... its all very relaxing.

[swamp]

I'd rather have £350 a day contract than £67K perm.

I hope the OP will tell us how much he is enjoying working late, working weekends, 360 appraisals, PDPs, office politics, endless corporate bulltulipe, and (best of all ) working on legacy systems while they give all the greenfield work to the contractors.

[doodab]

I think there's some confusion here - the rough eqivalent permie salary is said to be 1000 x hourly rate. Assuming an 8 hour day the £550 leads to £68.75/hr -> £68,750 pa. But as was stated earlier if this is caught by IR35 then the daily rate needs to be reduced to take account of the extra employers national insurance.

This calculation is only a rough guide though. And it's not all about the money...

Yes, there seems to be.

The other chap suggested the formula gave an equivalent salary of 55k. Applying the formula in reverse gives an hourly rate of £55, which imples one is working 10hrs a day for ones £550.

You might also try:

day rate * 111 = equivalent permie salary

day rate * 55 = market rate permie salary for the same job

[lje]

I think you're trying to put people off. No way I'm working 10 hours a day!

I think there's some confusion here - the rough eqivalent permie salary is said to be 1000 x hourly rate. Assuming an 8 hour day the £550 leads to £68.75/hr -> £68,750 pa. But as was stated earlier if this is caught by IR35 then the daily rate needs to be reduced to take account of the extra employers national insurance.

This calculation is only a rough guide though. And it's not all about the money...

[doodab]

DocP: Your trying to put everybody else off contracting so that you get a higher rate. Not going to work. No way on earth that 550pd = 55k perm salary by ur x1000 calculation.

I think you're trying to put people off. No way I'm working 10 hours a day!

[Moscow Mule]

If you pay a small salary, big divvy and work through an agent. You probably won't win an IR35 argument.

Chuckle.

Do your due-diligence before you sign, and know what you are talking about and you will.

[NorthWestPerm2Contr]

DocP: Your trying to put everybody else off contracting so that you get a higher rate. Not going to work. No way on earth that 550pd = 55k perm salary by ur x1000 calculation.