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I.T rolling contract

  • 15-12-2013 09:59PM
    #1
    artful_codger
    Registered Users, Registered Users 2 Posts: 2,449 ✭✭✭


    Hi folks, I'm considering a job move in the new year and I think i'd like to try Contracting. What i'd like to know, is whether it's accepted practice to be employed on a rolling contract with a company i.e for three/four years, or are these kinds of long-term contracts blocked by law due to the lower income tax-rate for the Contractor? I tend to move jobs every few years to keep my skills and pay up to date with the market, so i never really gain much from taking permanent jobs.

    thanks.


Comments

  • #2
    Gone West
    Registered Users, Registered Users 2 Posts: 6,374 ✭✭✭Gone West


    Not unusual at all.
    Especially if you are good at what you do.
    I know at least 20 people contracting in the same place for more than a few years, and all of them would have been offered perm, and all would have turned it down!


  • #3
    Ray Palmer
    Registered Users, Registered Users 2 Posts: 8,898 ✭✭✭Ray Palmer


    artful_codger wrote: »
    Hi folks, I'm considering a job move in the new year and I think i'd like to try Contracting. What i'd like to know, is whether it's accepted practice to be employed on a rolling contract with a company i.e for three/four years, or are these kinds of long-term contracts blocked by law due to the lower income tax-rate for the Contractor? I tend to move jobs every few years to keep my skills and pay up to date with the market, so i never really gain much from taking permanent jobs.

    thanks.

    Been contracting for about 7 years now. You don't run into any problems with long term contracting. You are technically a self employed and they hire your company.
    You need to be aware the difference in contracts as there are differences in their meanings even though people use them incorrectly makes it a bit confusing.

    A rolling contract would normally mean a fixed term contract. That in turn means you are paid a set salary and pretty much the same as an employee with out the benefits of contracting or being permanent. You can only do this for about 2 years before they have to make you permanent. I think the legal term might actually be longer but they tend exist in places with strong unions making it two years.

    A daily rate contract is where you get paid a daily rate and are hired through your company or an umbrella company. The money is much better and you are responsible for your own taxes, pension and holidays. You can keep on being renewed but it is isn't called a rolling contract. Your can have a rolling contract but that is a day rate contract with no knowledge of when it will end. You don't want to be in that situation unless you are being paid more again for the uncertainty. Generally it is after a contract has ended and they can't/won't renew but have enough work to be busy for a while longer. Usually you are looking at this point and both can end the work with a few days notice.

    there is another thread on IT contracting here which has more details


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