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Old 09.06.2020, 22:57
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I've been headhunted

Hi all,

I have had a dilemma over the last few days as I've been headhunted about a contract role. The trouble is I've already got a permy job in Switzerland.

My permy role pays just over 100K and this contract role pays 550CHF a day.

I have tried to do the math but I know nothing about contracting in Switzerland.

Can someone help me do it if you have some experience or knowledge of the both sides of the fence?

Thanks.
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Old 09.06.2020, 23:02
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Re: I've been headhunted

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Hi all,

I have had a dilemma over the last few days as I've been headhunted about a contract role. The trouble is I've already got a permy job in Switzerland.

My permy role pays just over 100K and this contract role pays 550CHF a day.

I have tried to do the math but I know nothing about contracting in Switzerland.

Can someone help me do it if you have some experience or knowledge of the both sides of the fence?

Thanks.
Well, at first I'd try to determine how long the contract is for and then work up the numbers?

I'd also look into the offering company, is it a stable company with a good reputation?
What are prospects of finding work after your contract ends?

It doesn't make sense to leave the security and familiarity of a steady job, so that after 5 months you'll have to go to RAV. My 2 cents.
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Old 09.06.2020, 23:08
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Re: I've been headhunted

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Well, at first I'd try to determine how long the contract is for and then work up the numbers?

I'd also look into the offering company, is it a stable company with a good reputation?
What are prospects of finding work after your contract ends?

It doesn't make sense to leave the security and familiarity of a steady job, so that after 5 months you'll have to go to RAV. My 2 cents.
  • The contract is 3 months rolling.
  • The company is the Chinese telecom giant. Not a plesant place to work, I have worked for them before.
  • Finding work is not going to be easy. I am experienced in my field (telecoms) but jobs are very limited and I dont speak German
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Old 09.06.2020, 23:10
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Re: I've been headhunted

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  • The contract is 3 months rolling.
  • The company is the Chinese telecom giant. Not a plesant place to work, I have worked for them before.
  • Finding work is not going to be easy. I am experienced in my field (telecoms) but jobs are very limited and I dont speak German
Well, in that case it seems pretty obvious. I would stay at the permanent job.
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Old 09.06.2020, 23:17
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Re: I've been headhunted

A gigantic cup of "nope".
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Old 09.06.2020, 23:22
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Re: I've been headhunted

For example, if you only had to focus on money side of things, what would the "take home" of 550CHF a day be? a very rough figure wil be fine.
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Old 09.06.2020, 23:32
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Re: I've been headhunted

550 * 5 = 2'750 Chf = weekly salary
2'750 * 4 = 11'000 Chf = monthly salary
11'000 * 3 = 33'000 = your contracted salary for the predetermined period
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Old 09.06.2020, 23:44
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Re: I've been headhunted

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For example, if you only had to focus on money side of things, what would the "take home" of 550CHF a day be? a very rough figure wil be fine.
You need to talk in detail to the agency, but fundamentally this would equate to a salary of perhaps 130k. Loads of variables, but these days agency contracts will make lots of deductions for sick pay and vacation days, pensions contributions etc. etc. so the top line tends to be pretty much comparable with an annal salary before you factor in any additional benefits from a permie job,

So roughly speaking your annual earnings for say, 46 weeks (expected 4 weeks vacation plus two weeks public holidays) is 550*5*46. Depending on the exact nefots package this might be on a par with a salary of 110k +benefits, perhaps even lower.

So basically it's very unlikely that you'll be better off with the contract role, and although you could still be let go with (presumably) 3 months notice from the permie position, most people would still see it as a much more secure way of doing things.
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Old 09.06.2020, 23:53
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Re: I've been headhunted

Are you paid only for the days you actually work?
In that case: Zurich has 254 working days in 2020, say that your current job gives you currently 25 vacation days per year, if you maintain your current work load you yearly salary is:
(254-25)*550 = 126k

As others mentioned, consider in sick days etc., if you would not get those paid.
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Old 10.06.2020, 06:44
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Re: I've been headhunted

Ask them to double it. Can’t hurt to ask.
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Old 10.06.2020, 10:17
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Re: I've been headhunted

There are loads of these contracts now, because the big outsourcers from India cannot get their people to Europe/USA, and have contracts to have people on site to fulfill.

They will vanish as soon as international travel is reinstated, and you'll be dropped in a flash.

The rates are low because the contracts only allow @700 or 800 a day for onsite ( <@300 offshore).
The agency takes their cut, hence down to 550, then you have to pay all the employee AND THE EMPLOYER COSTS to employ you out of that 550.
Do not take the contract if you are already gainfully employed and otherwise would not have left.
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Old 10.06.2020, 10:21
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Re: I've been headhunted

As a rule of thumb, daily rate should be not too far from 1% of your permanent salary to make it worth while. So, 700CHF a day - maybe worth it. But 550 - not a chance. I wouldn't go for anything less than 0.8% of my current permie salary.

From that 550 will come:
  • Holiday pay
  • Sick pay
  • Insurance
  • Admin fee from payroll company
  • Employer social contribution
  • Second pillar.
  • Other costs the payroll company can think of...

So - don't. Just don't. You'll be on less, with less job security (yeah, I know this is Switzerland).
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Old 10.06.2020, 10:52
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Re: I've been headhunted

The offer is low with no real incentive to move and the potential employer isn't squeaky clean. Am not sure that I see any upside for you...
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Old 10.06.2020, 13:07
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Re: I've been headhunted

well you know the company and I'm sure you know their reputation, how they treat staff and their rather lax attitude towards the law, I assume this is the same company that illegally sent lots of people over from china a few years ago to work on their projects here - and got caught.

So, for that kinda of money it would be a big fat NO, its just not worth it, especially 3 months rolling!! they'll take what they need from you and get rid of you.

would have to be many multiples of that daily rate to even think about it

eta being offered a job on or around the same salary you're already on, with worse terms isn't being headhunted

Last edited by bigblue2; 10.06.2020 at 15:10.
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