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Difference between consultant rate and PAYE

  • 08-04-2011 7:42am
    #1
    Cunning Alias
    Registered Users, Registered Users 2 Posts: 782 ✭✭✭


    I have been working part time at a company as a consultant and they are now considering taking me on full time as a paye employee. I have no idea how much I should ask for as I have been working as a consultant since I left college.

    As an example. If I was making 40k a year working as a full time consultant, how much would I expect to get working as a paye employee in the same job?


Comments

  • #2
    mari2222
    Registered Users, Registered Users 2 Posts: 568 ✭✭✭mari2222


    Out of the 40K you presumably paid your own tax and PRSI: you might expect a salary of 40K, or 10-12% less if the company expects to cover employer prsi costs from within the 40k; if there are other benefits to being an employee, e.g. pension/car, the gross pay might be less.

    What would your skills command in today's market with another employer? That is a good starting point for talking to the company.


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