Contractor to permanent job... how much?

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Sunny
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Re: Contractor to permanent job... how much?

Post by Sunny »

I'd look at what the market rate is for the role if it was perm (check indeed and LinkedIn), and then add 10-30% cos they clearly value you already.

For my new place I had a number in mind, told them, it was 1/3 more than they had in mind, but they went off and got it sorted out, cos they wanted me.
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Count Steer
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Re: Contractor to permanent job... how much?

Post by Count Steer »

Potter wrote: Thu Mar 28, 2024 3:47 pm
Buckaroo wrote: Thu Mar 28, 2024 2:50 pm
In general, a professional employee package would be salary at market rate plus 40% as a cost to the business.
Yeah that's still the same, back of a fag packet calculation is normally 1.4x for the CTC (cost to company) of employing someone.
Those figures ring a bell. So, roughly, if a contractor is costing say, £100k pa the salary equivalent is about £70k pa if my brain is functioning reasonably.

(We had a sort of reverse situation with this at one place. If you hired someone out at Basic Charge/Cost Rate you recovered what they cost the company, if you hired them out at Utilisation CR you recovered that and a slice of company overheads Finance, Personnel etc etc. So, the usual aim was UCR+ a %age profit. Both figures factored in the target 'utilisation' level ie how many paid days they were expected to get so the multipliers were more than 1.4, nobody was expected to be on hire full time each year.

I think the whole system came out of GEC when Weinstock was running it.

You'd get people saying 'You're hiring me out at x and I'm only getting y' so you'd have to explain the facts of life to them :D ).
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McSatan
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Re: Contractor to permanent job... how much?

Post by McSatan »

The only time I went from Evil Kontractor Skum to permie was when I worked at UCL. They asked me and I said I might be interested, the money and benefits they offered me was pretty much jaw dropping, nearly as much as EKS but with sick pay etc, so I accepted. Then promptly snapped my ACL marshalling and went on the sick for ages.
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Re: Contractor to permanent job... how much?

Post by Mussels »

I had the same question a while back, I told them to match my contracting take home pay (like yours it wasn't a top rate). They made a better offer than I expected, I pointed out travel would cost me more as a permie and they stuck a couple of k on top.
I'm still there nearly 7 years later, waiting for whichever comes first out of redundancy and retirement.

If possible get them to make the first move but mine ended up being daily rate * 250.