Reply to: Advice on contract vs a 12 month FTC?

[simplicity]

Sorry I did hijack! I accepted the FTC too....

[MB1983]

I think "Simplicity" hijacked my thread!

Anyway… I accepted the FTC at an increased offer of £48k. A week later the other company finally decided to offer me the contract, but it was too late. The work involved in the FTC is going to look good on my CV and I'm sure it'll make me more competitive in the contract market afterwards.

[speling bee]

Update- the FTC company increased the salary to £50k and I verbally accepted. But now my contract job have upped the rate to £260. What do I do? I feel bad to turn down the FTC as I verbally accepted and the job is interesting but my contract role will give me more take home pay as I'm ltd. I've been in same contract for some time.

Both of these are right.

Only you know which one is right for you, though.

Apparently not.

[TheFaQQer]

Take the contract role.

Take the FTC role.

Both of these are right.

Only you know which one is right for you, though.

[simplicity]

The FTC is basically with the same terms as a permanent role in regards to NI etc.

[eek]

The FTC 'salary' - does the employer pay the Employer's NI? Or does that come out of your £50K. If the employer is paying the NI, then figures-wise there's not such a huge difference.

If the FTC is going to get you useful skills for the future, it sounds like a good bet.

Always look to the long term. More money now isn't any good if you end up with a skill set or experience no one wants....

[mudskipper]

The FTC 'salary' - does the employer pay the Employer's NI? Or does that come out of your £50K. If the employer is paying the NI, then figures-wise there's not such a huge difference.

If the FTC is going to get you useful skills for the future, it sounds like a good bet.

[speling bee]

There is your answer then IMO. Might not get as much as the contract role but call it an investment that will payback well over your career.

pay back

[northernladuk]

The FTC is much more interesting and will definitely help me get a better PM contract in future. They upped the salary so appear serious - the other contract only upped the rate after I said I'm leaving despite me asking since last year. Also the rate increase has to be formally approved next month so not immediate.

There is your answer then IMO. Might not get as much as the contract role but call it an investment that will payback well over your career.

[SueEllen]

Again.. forgetting the money aspect... Which of the two roles is more interesting and will give you new skills to be able to command more in the contract market?

WNS

Take the role which in 6-12 months time will enable you to command more in the contract market.

[simplicity]

The FTC is much more interesting and will definitely help me get a better PM contract in future. They upped the salary so appear serious - the other contract only upped the rate after I said I'm leaving despite me asking since last year. Also the rate increase has to be formally approved next month so not immediate.

[speling bee]

Take the contract role.

Take the FTC role.

Are you starting?

[northernladuk]

Update- the FTC company increased the salary to £50k and I verbally accepted. But now my contract job have upped the rate to £260. What do I do? I feel bad to turn down the FTC as I verbally accepted and the job is interesting but my contract role will give me more take home pay as I'm ltd. I've been in same contract for some time.

Take the FTC role.

[speling bee]

Update- the FTC company increased the salary to £50k and I verbally accepted. But now my contract job have upped the rate to £260. What do I do? I feel bad to turn down the FTC as I verbally accepted and the job is interesting but my contract role will give me more take home pay as I'm ltd. I've been in same contract for some time.

Take the contract role.

[northernladuk]

Update- the FTC company increased the salary to £50k and I verbally accepted. But now my contract job have upped the rate to £260. What do I do? I feel bad to turn down the FTC as I verbally accepted and the job is interesting but my contract role will give me more take home pay as I'm ltd. I've been in same contract for some time.

Again.. forgetting the money aspect... Which of the two roles is more interesting and will give you new skills to be able to command more in the contract market?