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Old 29.01.2020, 13:27
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Advice Cont vs Perm

160K perm with different benefits against a daily of 1200 (all-inclusive) for a year.

What would be your advice on that?
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Old 29.01.2020, 13:42
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Re: Advice Cont vs Perm

That is like 283K a year (taking 25 days of for holiday, illness etc)

I'd say we can't answer without having a better clue of your benefits.
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Old 29.01.2020, 13:46
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1. Count your blessings
2. Take the daily rate.
3. Make sure you post here to show everyone how wealthy you are.

But it really depends on how employable you feel you'll be in a year. I shifted from contract to permie 15+ years ago, from a lower (~75% of what you quote) daily rate to a slightly lower annual salary, but my reasons were based around wanting to feel permanent and stable in both professional and personal life, not purely financial.

Similarly, my wife, who had been permy for some years, then was let go before going back as a contractor, took a permie role on a slightly different equation to yours.

In both cases, a significant part of it was also based on the role itself, and how much one would be able to influence things in the longer term, so again, it's not just about the money.

Quote:
That is like 283K a year (taking 25 days of for holiday, illness etc)
I used to work on a max 2000hr/year basis, which would make it 300k. Yes, of course illness would eat into that, but even taking decent amounts of hols it was easy to achieve the maximum hours over the course of a year.
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Old 29.01.2020, 13:49
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Re: Advice Cont vs Perm

ummm--1200 daily obviously.

(I assume simple maths isn't part of the job description )
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Old 29.01.2020, 13:52
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Re: Advice Cont vs Perm

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ummm--1200 daily obviously.

(I assume simple maths isn't part of the job description )
It's really not that simple. A whole raft of other factors need to be taken into consideration, not just the total annual earnings.
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Old 29.01.2020, 14:01
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Re: Advice Cont vs Perm

Thanks guys for all the feedbacks; well the perm itself comes with all the classic benefits like 27 a. leave, bonus one or two months, and some other benefits which can be quantified as much as a couple of 10K per year.

Just financially speaking, I don't want to get impacted way too much considering my last daily rate was exactly around 1200 daily.

Wondering what percentage less I might consider reasonable giving the annual salary which can come up from 1.2k daily (283k roughly as already mentioned)

Stepping into perm is fine for me, but I do not want to lose way too much on the way just for the "sake" of being perm (with 3 months notice btw)
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Old 29.01.2020, 18:12
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Re: Advice Cont vs Perm

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bonus one or two months, and some other benefits which can be quantified as much as a couple of 10K per year.
A couple of 10K's or A couple up to 10K per year?

Also the bonus is like 13 to 26K a year already

You have to do proper math, might be that just taking the steady job would be in your favour.
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Old 29.01.2020, 14:02
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Re: Advice Cont vs Perm

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It's really not that simple. A whole raft of other factors need to be taken into consideration, not just the total annual earnings.
According to the information given, there is little to consider.

The OP gave us two numbers and relative periods, and an ambiguous phrase "different benefits". More of a light trolling post.


What prize do you take? 100K CHF or 'what's in the mystery box!' ?


edit: OP added some further info.
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Old 29.01.2020, 14:03
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Re: Advice Cont vs Perm

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According to the information given, there is little to consider.

The OP gave us two numbers and relative periods, and an ambiguous phrase "different benefits". More of a light trolling post.


What prize do you take? 100K CHF or 'what's in the mystery box!' ?


edit: OP added some further info.
Not a troll promise ...just specify all the details in the reply above yours
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Old 29.01.2020, 17:14
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Re: Advice Cont vs Perm

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ummm--1200 daily obviously.

(I assume simple maths isn't part of the job description )
Simple math would let you down... the contact rate is marginally better but not by a lot.
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