I've enquired about a role, it looks good for me and they're interested too. I worked for the organisation in the past.
Their contractor rates are in the region of 45/hr for this role. 40 hour week. Open end contract, clear road ahead.
Permanent positions may also be considered. What would be a reasonable permanent salary reflective of the contractor rate?
I think I read somewhere that contractor rate is about 20% over salaried. If this is the case, if 45 is 120%, a salary rate of 37.5/hr applies so?
Extrapolating this comes to about 78K a year, but it feels wrong. Too high. Contract rate say 40 hours a week, 45 weeks a year allowing for unpaid holidays, Christmas, Bank Holidays, comes out at 81K-ish.
Employer costs are about 1.3 times salary and contractors need to cover their own PRSI and pension costs. Plus the risk of not having employee contract. So I’d say the equivalent salary would be lower than what you’ve calculated at about 63 k.
Thanks, had thought somewhere around 65k alright, I knew it was too high with what I had above
When you say contractor, do you mean as in gets paid on invoice and doesn't have tax deducted?
Or do you mean a fixed term employment contract?
Paid on invoice, no tax deducted.
A very rough rule of thumb, as an employee you get about half the hourly rate of a real contractor.
But you do get paid annual leave, etc. And welfare contributions paid for.