First post so apologies if in the wrong place. As an agency we normally work on permanent opportunities but a recent project has engaged us with a number of contractors. I am trying to get an approximate Permanent Salary comparison for somebody currently on a £630 day rate. I know there are lots of variables but even a shot in the dark is better than where I am now Thank you all.
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Trying to get rough comparison of day rate to Perm salary
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Originally posted by javadude View PostIf say more like salary/500 equals hourly rate.Blog? What blog...?Comment
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Not this question again!! You're right, there are lots of variables. So many that a simple conversion factor is not really realistic...
However...
Originally posted by javadude View PostIf say more like salary/500 equals hourly rate.Last edited by MrRobin; 20 September 2011, 15:15.It's about time I changed this sig...Comment
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Originally posted by malvolio View PostLet's not start that again. The 1000 figure has held for a long time now.
Assuming 8 hour day, 630/8=78.75ph.
Therefore 78.75 * 1000 = £78750 pa
As Mal said its an estimate, not an exact science.
Would take some catching up with the £144k earned on a £630pd contract over a 46 week year. So make sure they are aware of the "benefits".Last edited by Scrag Meister; 20 September 2011, 15:48.Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.Comment
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£45000 include employers contributions is around 54 grand
Now add on 20 grand for admin and benefits roughly (this is what a contractor has to spend on "stuff" like the acountant)
Now divide by 230 gives around £320 pre day.
Pitch around 300-400. 350 wouldn't be a bad rate to offer.
At the end of the day the market rate determines what you should pay, ie. contractor and permie adverts should bring in the same quality of CV. Try an advert at the low end (300) and see what interest there is.Last edited by BlasterBates; 20 September 2011, 15:51.I'm alright JackComment
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Originally posted by BlasterBates View Post£45000 include employers contributions is around 54 grand
Now add on 20 grand for admin and benefits roughly (this is what a contractor has to spend on "stuff" like the acountant)
Now divide by 230 gives around £320 pre day.
Pitch around 300-400. 350 wouldn't be a bad rate to offer.
At the end of the day the market rate determines what you should pay, ie. contractor and permie adverts should bring in the same quality of CV. Try an advert at the low end (300) and see what interest there is.
WIWIS...Blog? What blog...?Comment
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Originally posted by MrRobin View PostWhat planet are you on??! £630/day = £45,000? No way...Comment
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Thank you all for such a prompt response. There are lots of variables to consider and since I am more accustomed to quoting annual permanent salaries then a rough guide is useful to haveComment
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