Hi guys, I'm currently a permy but am consdering becoming a contractor. Whats the currant tipical rate for a contractor in the UK?
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Contractor rates?
Started by
Guest_Baz Lyndon_*
, Jun 02 2004 09:54 PM
3 replies to this topic
#2
Donald Miller
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Posted 03 June 2004 - 06:57 AM
Baz
You've probably guessed that firstly it depends with whom you work. Rates can vary from 20 GBP per hour to over 50. They may also be quoted per day. They may or may not include expenses. Sometimes they even reflect your experience and knowledge.
Secondly if you get the work direct then you don''t have agency rates to reduce your turnover. However, unless you have contacts in the market, being a permie may mean that you need an agent at the start to get into the market. If you don't like a clause in the contract - ask for it to be altered.
Thirdly, you'd be wise not to give up the "permanent" day job until you have a signed contract. The transition may take some time but I suspect you'll find that it's worth it.
If you're not prepared to travel to work and live in different places then think again - contracting may not be for you. So far I've been in Munich, Oslo, Stockholm, Munich (again), Frankfurt, Cologne, Flensburg, Manila, Stockholm (again), Karlskrona and up to a dozen different places in the U.K. If your passport is due to expire - get a new one now.
Good Luck
You've probably guessed that firstly it depends with whom you work. Rates can vary from 20 GBP per hour to over 50. They may also be quoted per day. They may or may not include expenses. Sometimes they even reflect your experience and knowledge.
Secondly if you get the work direct then you don''t have agency rates to reduce your turnover. However, unless you have contacts in the market, being a permie may mean that you need an agent at the start to get into the market. If you don't like a clause in the contract - ask for it to be altered.
Thirdly, you'd be wise not to give up the "permanent" day job until you have a signed contract. The transition may take some time but I suspect you'll find that it's worth it.
If you're not prepared to travel to work and live in different places then think again - contracting may not be for you. So far I've been in Munich, Oslo, Stockholm, Munich (again), Frankfurt, Cologne, Flensburg, Manila, Stockholm (again), Karlskrona and up to a dozen different places in the U.K. If your passport is due to expire - get a new one now.
Good Luck
Half of what he said meant something else, and the other half didn't mean anytthing at all
#3
Rob Morgan
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Posted 03 June 2004 - 01:44 PM
Hi Baz,
you may have seen my post advertising some current positions. If you are considering contracting and you have good Pro-IV skills why not apply for one of these positions and see how you get on?
mail me at rob@rpms-recruitment.com for further information.
Regards,
Rob.
you may have seen my post advertising some current positions. If you are considering contracting and you have good Pro-IV skills why not apply for one of these positions and see how you get on?
mail me at rob@rpms-recruitment.com for further information.
Regards,
Rob.
#4
Guest_Sid_*
Guest_Sid_*
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Posted 04 June 2004 - 12:57 PM
Baz,
also look into the IR35 issue,
the fact that you wont be getting paid holiday anymore,
or sickies etc. etc.
Accountant Fees
Possibility of having to make cups of coffee for the VAT man as he goes through several years of your accounts
And Donald's point about being mobile is very important regarding Pro-IV, as chances of finding contracts on your doorstep might be slim.
As for agents, some people do fine without but most people will have used them at one time or another, and many clients will not deal directly with contractors.
If you know any contractors, ask them advice on which agencies to avoid. If the same agent's name comes up as a 'bad egg' then maybe you should avoid them.
Personally, I'm glad I made the switch and seen the world and got paid to boot.
And dont make any enemies as you never know who is going to be asked if they know of you when your CV arrives on a potential managers desk.
Sid
also look into the IR35 issue,
the fact that you wont be getting paid holiday anymore,
or sickies etc. etc.
Accountant Fees
Possibility of having to make cups of coffee for the VAT man as he goes through several years of your accounts
And Donald's point about being mobile is very important regarding Pro-IV, as chances of finding contracts on your doorstep might be slim.
As for agents, some people do fine without but most people will have used them at one time or another, and many clients will not deal directly with contractors.
If you know any contractors, ask them advice on which agencies to avoid. If the same agent's name comes up as a 'bad egg' then maybe you should avoid them.
Personally, I'm glad I made the switch and seen the world and got paid to boot.
And dont make any enemies as you never know who is going to be asked if they know of you when your CV arrives on a potential managers desk.
Sid
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