Anyone who has 'went perm', how has it been?

[northernladuk]

Ok, but just because you're asking

Could you send me fifty quid please?

[PerfectStorm]

Were you sitting on a beach or were you in New York last year when you were crying like a baby about how long you had been on the bench and couldn't find anything?

For some of it, yes ;-)

I was mindful of the pipeline was all!

[silent bob]

Hated being permie, but have to admit, the conferences were great. I remember going to Dublin for annual European user group. Basically got hammered for 3 days, went to a few talks, which i didn't really take much notice of, and all paid for by the company. Happy days they were

[PurpleGorilla]

Present your clients work at the conference and you can be paid to attend as an IR35 contractor.

Simples


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[ladymuck]

Not having to go to company conferences (where people pretend to be interested in their company/industry) or have to take training (where people pretend that it's useful, impartial, accurate etc.) is surely a bonus. Both of those things are massive drags on permanent employment life.

When I'm sat on a beach somewhere or staying in a nice hotel in New York I don't sit there thinking "I wish I was at the Management Consultant Expo in Olympia or undertaking some internal accreditation training"

I'm just up the road from Olympia, you should give me a shout next time

[BritishLad88]

Been back to perm for month or so now so thought now is a good time to get stuffs out of my chest & express/share my feelings/thoughts for this topic...

Since the day i started applying for perm jobs, I've been constantly thinking will am i going to be regretting it.. Tbh, not really.

Firstly, I'm in tech so the chance to work on greenfield projects is brilliant as it gives me good opportunities to upskill whilst being in work. Opportunities like these were hard to come by in contracting as before and probably nowadays contract positions are more tailored for specific niche (perhaps a bit old-school tech) & working on brown-field legacy projects. Unless you're okay with that... but I wasn't, as I was afraid to become a dinosaur in the tech industry. This industry moves fast & overall I felt I had to keep up with the change & being a perm that work on greenfield project will set me on right path.

Onto the financial side of things, my overall package value is not that far off an outside role, if any its possibly equates to same amount as an inside role offers. Plus, my monthly take home matches my short-medium financial goals so I'm happy. Just that I no longer can stash away more money in my business bank to build up a chest.

Finally, want to mention a few words on the baggage that comes with it. The line management part is the part i'm most dreading about. To be constantly having pointless 1-1 meetings to discuss things such as behavioural improvements will become a massive chore for me. Having done so many of these behavoural line management meetings over my early career years, i always felt it something that goes round & round in circles (They want you to improve on this - so you go away and improve, then next appraisal meeting they say you need to improve something else, and it continues forever... so eventually at some point you will become the most awesome human being ever lived & worked? No, of course not!) This was a main factor that drove me into contracting in the first place.

Having said that, i'm trading off the hassle of having to constantly keep an eye on my business accounting stuffs, making sure p11d submitted, ensuring my PAYE is processed correctly, doing my VAT returns, self assessments, managing my expenses... list goes on... phew!

I guess all i need to do is manage my line management & not get too bogged down about the pointless behavioural stuffs & just try my best to focus on what i'm supposed to do in my job.

[LondonPM1]

Been back to perm for month or so now so thought now is a good time to get stuffs out of my chest & express/share my feelings/thoughts for this topic...

Since the day i started applying for perm jobs, I've been constantly thinking will am i going to be regretting it.. Tbh, not really.

Firstly, I'm in tech so the chance to work on greenfield projects is brilliant as it gives me good opportunities to upskill whilst being in work. Opportunities like these were hard to come by in contracting as before and probably nowadays contract positions are more tailored for specific niche (perhaps a bit old-school tech) & working on brown-field legacy projects. Unless you're okay with that... but I wasn't, as I was afraid to become a dinosaur in the tech industry. This industry moves fast & overall I felt I had to keep up with the change & being a perm that work on greenfield project will set me on right path.

Onto the financial side of things, my overall package value is not that far off an outside role, if any its possibly equates to same amount as an inside role offers. Plus, my monthly take home matches my short-medium financial goals so I'm happy. Just that I no longer can stash away more money in my business bank to build up a chest.

Finally, want to mention a few words on the baggage that comes with it. The line management part is the part i'm most dreading about. To be constantly having pointless 1-1 meetings to discuss things such as behavioural improvements will become a massive chore for me. Having done so many of these behavoural line management meetings over my early career years, i always felt it something that goes round & round in circles (They want you to improve on this - so you go away and improve, then next appraisal meeting they say you need to improve something else, and it continues forever... so eventually at some point you will become the most awesome human being ever lived & worked? No, of course not!) This was a main factor that drove me into contracting in the first place.

Having said that, i'm trading off the hassle of having to constantly keep an eye on my business accounting stuffs, making sure p11d submitted, ensuring my PAYE is processed correctly, doing my VAT returns, self assessments, managing my expenses... list goes on... phew!

I guess all i need to do is manage my line management & not get too bogged down about the pointless behavioural stuffs & just try my best to focus on what i'm supposed to do in my job.

What would be interesting to know is the old day rate and how many days you billed a year

And the new perm package

When the numbers are written down we often see

650 a day 230 days a year outside IR35 == 150 K plus you can dividend and wife allowance it
90K a year with a 4% pension == 60K a year after tax

Which is crazy

[Old Greg]

What would be interesting to know is the old day rate and how many days you billed a year

And the new perm package

When the numbers are written down we often see

650 a day 230 days a year outside IR35 == 150 K plus you can dividend and wife allowance it
90K a year with a 4% pension == 60K a year after tax

Which is crazy

But I think you've swung too far the other way. I expect it is a minority of contractors who consistently bill 230 day per year - most aim to work less and many have breaks between contracts. You've assumed near the top end here. Also, I'm not sure what % of contractors have a spouse where income splitting is tax beneficial. So again, you've assumed a good case scenario for the 650 pd.

When you look at the 90k salary, you've assumed a poor case scenario. 4% pension as the only benefit would be unusual on 90k. And you've given no consideration to the value of sick pay.

[GhostofTarbera]

But I think you've swung too far the other way. I expect it is a minority of contractors who consistently bill 230 day per year - most aim to work less and many have breaks between contracts. You've assumed near the top end here. Also, I'm not sure what % of contractors have a spouse where income splitting is tax beneficial. So again, you've assumed a good case scenario for the 650 pd.

When you look at the 90k salary, you've assumed a poor case scenario. 4% pension as the only benefit would be unusual on 90k. And you've given no consideration to the value of sick pay.

Or 30 days holiday + bank holidays




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[elsergiovolador]

650 a day 230 days a year outside IR35 == 150 K plus you can dividend and wife allowance it

If you think having a wife will save you money...