Hi
Im currently on 50K ( as of april) and thinking of going contracting, if I go contracting Ideally i would like to take home at least 1k extra every month (thats after tax). on that basis what daily/ hourly rate should i seek ?
the other quesiton is todo with job security, lets say i sign a 6 month contract. is it possible for the employer to terminate the contract early? and does it happen very often ?
im new to contracting and have limited savings. I can survive up to 3-4 month only, it be a disaster if I resign from my permie role and also end up having my first contract terminated early.
what are the measures I can take to ensure my first contract goes smoothly and doesnt get terminated before agreed end date?
I guess one option would be to only consider long contracts for now, ideally 6+ month rolling contracts?
any other advice?
Thanks
Im currently on 50K ( as of april) and thinking of going contracting, if I go contracting Ideally i would like to take home at least 1k extra every month (thats after tax). on that basis what daily/ hourly rate should i seek ?
the other quesiton is todo with job security, lets say i sign a 6 month contract. is it possible for the employer to terminate the contract early? and does it happen very often ?
im new to contracting and have limited savings. I can survive up to 3-4 month only, it be a disaster if I resign from my permie role and also end up having my first contract terminated early.
what are the measures I can take to ensure my first contract goes smoothly and doesnt get terminated before agreed end date?
I guess one option would be to only consider long contracts for now, ideally 6+ month rolling contracts?
any other advice?
Thanks
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