Equivalent permanent pay to contractor pay - HotUKDeals
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Equivalent permanent pay to contractor pay

mutley1 Avatar
2y, 4m agoPosted 2 years, 4 months ago
If someone gets £400 a day on contractor pay, what would be a reasonable equivalent permanent pay per annum?

I just want to gauge how much someone should be looking for if they were to change from contract to permanent and vice versa.
mutley1 Avatar
2y, 4m agoPosted 2 years, 4 months ago
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#1
depends on the contracted hours and perks offered over and above eg holiday, sick pay, company car, pension
quite a bit more to it than just cash or it would be just a straight swap
#2
mrwhitelabel
depends on the contracted hours and perks offered over and above eg holiday, sick pay, company car, pension
quite a bit more to it than just cash or it would be just a straight swap

if you consider the permanent pay figure to include all these perks as a nominal salary per annum, ie. as a package salary, not just basic salary.
#3
Also depends on what industry. Supply and demand affects what you will get in a contractor / employee role, so things like job security / longevity also play a factor
#4
plane_boy2000
Also depends on what industry. Supply and demand affects what you will get in a contractor / employee role, so things like job security / longevity also play a factor

let's say that the contractor believes that he will only be able to get 6 months of work a year and he currently gets £400 a day. what would make a permanent position salary attractive to him if he wants to work 12 months a year?
#5
why dont you ask him?

i assume 400 over 5 days = 56k average per year for 6 months work..

probably need to look at atleast 85-100k permanent?
#6
mutley1
plane_boy2000
Also depends on what industry. Supply and demand affects what you will get in a contractor / employee role, so things like job security / longevity also play a factor

let's say that the contractor believes that he will only be able to get 6 months of work a year and he currently gets £400 a day. what would make a permanent position salary attractive to him if he wants to work 12 months a year?

Only 'you' can decide Mutley,you make it so flipping obvious!!
banned#7
I generally find in IT that the permanent positions pay about 40% to 50% of the contract rates you can get, so £400 a day is likely to end up around £50K pa as a permanent employee.
#8
Gibbering
I generally find in IT that the permanent positions pay about 40% to 50% of the contract rates you can get, so £400 a day is likely to end up around £50K pa as a permanent employee.

this is the sort of gauge i am looking for. :3
banned#9
mutley1
Gibbering
I generally find in IT that the permanent positions pay about 40% to 50% of the contract rates you can get, so £400 a day is likely to end up around £50K pa as a permanent employee.

this is the sort of gauge i am looking for. :3

It depends on so many things it's hard to say. All on what you can negotiate with the employer due to how much they really need you. My friend's a bit more of a wandering contractor than I am, and he works more with AD than me but, for example: He'd be paid a minimum of 1000 Euros a day in Switzerland (was for over three years), and would aim for more like 1500 these days; he tends to aim for 500 to 600 Euros plus a day elsewhere on the continent; has recently got a contract back in the UK at £700 per day; but has never been offered a full time position in the UK paying over £70K. He's earnt more in a month in the past than that £65K would give him after tax, so for now he's happy to keep contracting, moving and taking a break between contracts - but he's good enough to be able to do that yet always be in demand. Money's more important to him than being settled.
#10
But going by what you have written its not permanent its a short term contract or is it to be classed as a rolling contract?
As mentioned before it would depend on benefits i.e. Pensions,overtime payments,bonuses etc

Edited By: arachnoid on Jul 13, 2014 21:28
#11
It depends alot on if your contract falls outside of IR35
banned#12
Is this guy serious, do you think he's really earning this much? and can't do basic maths! It yet another wind up! Wake up site and don't indulge these trolls!
#13
damo1972
Is this guy serious, do you think he's really earning this much? and can't do basic maths! It yet another wind up! Wake up site and don't indulge these trolls!
+!

anyone asking where and how cheap they can buy a stick of chalk isnt on £400 a day lol

http://www.hotukdeals.com/ask/where-buy-chalk-cheaply-1926828
#14
chocci
damo1972
Is this guy serious, do you think he's really earning this much? and can't do basic maths! It yet another wind up! Wake up site and don't indulge these trolls!
+!

anyone asking where and how cheap they can buy a stick of chalk isnt on £400 a day lol

http://www.hotukdeals.com/ask/where-buy-chalk-cheaply-1926828

Brilliant! Don't forget the cheap hairbrush or the question asking if sainsburys will accept returns on a box of Lemsip capsules!!

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