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    Equivalent permanent pay to contractor pay

    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.

    14 Comments

    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

    Original Poster

    mrwhitelabel

    depends on the contracted hours and perks offered over and above eg … depends on the contracted hours and perks offered over and above eg holiday, sick pay, company car, pensionquite 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.

    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

    Original Poster

    plane_boy2000

    Also depends on what industry. Supply and demand affects what you will … 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?

    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?

    mutley1

    let's say that the contractor believes that he will only be able to get 6 … 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

    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.

    Original Poster

    Gibbering

    I generally find in IT that the permanent positions pay about 40% to 50% … 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.

    Banned

    mutley1

    this is the sort of gauge i am looking for.



    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.

    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" 13th Jul 2014

    It depends alot on if your contract falls outside of IR35

    Banned

    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!

    damo1972

    Is this guy serious, do you think he's really earning this much? and … 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

    hotukdeals.com/tag/ask…828

    chocci

    +!anyone asking where and how cheap they can buy a stick of chalk isnt on … +!anyone asking where and how cheap they can buy a stick of chalk isnt on £400 a day lolhttp://www.hotukdeals.com/tag/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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