Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Contract vs Permanent Job

  • 04-11-2005 10:31pm
    #1
    reb73
    Registered Users, Registered Users 2 Posts: 343 ✭✭


    Hi guys,

    Apologies at the outset if this topic has been broached on these boards, but searching is disabled and I don't feel lucky enough to stumble on it otherwise..

    Was wondering if there is an offhand guesstimate/comparison as the rates of pay when contracting and when working permanently on a annual pay basis. I do understand that there can't be any absolute comparison as any comparison would be dependent on terms of both and the associated perks with a permanent position, but a ball park estimate would be welcome from those who have had the experience of having delved in both..

    I'm an IT professional who has started contracting only recently and I'd just like to have an idea of how this compares to my earlier permanent jobs. I'm looking for a purely financial perspective. I have the feeling that contracting is better but I can't say for sure though.

    To get you started, I was on 50K + Medical Insurance + 20 days hols in my previous jobs (no overtime even though I had to go in a few weekends). Now Im on a 6 month contract at €300 a day..

    Any one care to venture their opinion/analysis?

    Cheers
    Ven


Comments

  • #2
    TempestSabre
    Registered Users, Registered Users 2 Posts: 4,142 ✭✭✭TempestSabre


    Work out how much it costs you to take an average number of sick days, holidays, how many days to find a contract, time between contracts, cost of pension, insurance, running a limited company, keeping your skills up to date. When you've worked out that, double it, to allow for things like bonuses, stock options etc, and add it to your previous annual salary. Thats a very rough approximation IMO.

    Contracting is picking up again, so its probably the right time to get into it. Was patchy for the last 2-3 yrs.


Advertisement