Contractors: IR35 & general discussion
Discussion
Deep Thought said:
Blown2CV said:
he's going to be waiting a long time in this market, and maybe ever. Unless he's very specialist in a high paying domain, he'd be looking at interim global architecture director or something for that kind of rate.
Yes, thats the level he would be at. Global systems architect. He would aim for big green field projects for global companies. Big background in finance, media etc.Hes exceptional but companies taking on people at that day rate are rare.
Plenty of roles in the energy industry (nuclear, OG) paying that kind of money. £125-150/hr for an SME quite common.
I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
I’m a programme director - the bigger rates were quite common from about 2005 to about 2020 - now the rates are down by at least 50% on average and rarely outside ir35. Contracting model doesn’t work particularly as downtime can be quite long….(exceptionally long for some people. One guy on linked in has been posting every day and is 2 years between contracts!!!)
Gad-Westy said:
I'm one of those (possibly rare) types who quit a permanent role to go contracting. In fact I quit with no contract lined up. Seems cavalier in many ways but one of the toughest things about that transition is the now typical 3 month+ notice period that so many employees are signed up to. I'm still yet to come across a contract opportunity that is prepared to wait that long. I guess it could happen if you were exactly the right person for a longer term project but seems to me that would be rare.
I left permanent work for all the same reasons that would have me massively resisting going back. Involvement in day to day matters that I have no interest in. KPI's, reviews, stagnant working practices etc. I'm an engineer and the only thing I've ever been interested in is engineering. But naturally career progression can have you drifting further and further into management, politics, team development etc until one day you realise you've completely lost sight of why you chose your career in the first place.
Naturally I'd rather be paid more to contract, particular given the heightened risk of doing so but I think in reality I'd still be a contractor if I earned less than a permanent salary. It's all about the focussed engineering objectives for me and being able to tune out (nearly) all of the noise that normally surrounds that kind of role.
I work closely with many permanent engineers and they all remind me of why I moved away from that in the first place. Many do talk about moving into contracting but actually I can't think of anyone that has. It's not an easy move to make unless you have a little financial security (not that common within mechanical design) or you're prepared to take a bit of a risk.
That could have been written by me.I left permanent work for all the same reasons that would have me massively resisting going back. Involvement in day to day matters that I have no interest in. KPI's, reviews, stagnant working practices etc. I'm an engineer and the only thing I've ever been interested in is engineering. But naturally career progression can have you drifting further and further into management, politics, team development etc until one day you realise you've completely lost sight of why you chose your career in the first place.
Naturally I'd rather be paid more to contract, particular given the heightened risk of doing so but I think in reality I'd still be a contractor if I earned less than a permanent salary. It's all about the focussed engineering objectives for me and being able to tune out (nearly) all of the noise that normally surrounds that kind of role.
I work closely with many permanent engineers and they all remind me of why I moved away from that in the first place. Many do talk about moving into contracting but actually I can't think of anyone that has. It's not an easy move to make unless you have a little financial security (not that common within mechanical design) or you're prepared to take a bit of a risk.
Going contracting allowed me to earn a good wage doing the things I liked in my career.
I left a management position to go "back on the tools" as such.
Blown2CV said:
i'm basically that, and I can tell you the £1000+ contracts are non-existent at the moment. Also it is highly unlikely that £1500 would be achievable for an individual contributor regardless of their scope.
I'm sure you're right.He does look for the big role. I dont think hes short of a few bob so will be interesting to see if he sits it out for the right role or lowers his sights.
Lefty said:
Plenty of roles in the energy industry (nuclear, OG) paying that kind of money. £125-150/hr for an SME quite common.
I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
I know there are some roles around that pay that money, I am talking specifically about my field and my industry, as it aligns to what the fantasist i mean other architect guy who isn't in the thread said was the case!I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
Deep Thought said:
Blown2CV said:
i'm basically that, and I can tell you the £1000+ contracts are non-existent at the moment. Also it is highly unlikely that £1500 would be achievable for an individual contributor regardless of their scope.
I'm sure you're right.He does look for the big role. I dont think hes short of a few bob so will be interesting to see if he sits it out for the right role or lowers his sights.
Blown2CV said:
Lefty said:
Plenty of roles in the energy industry (nuclear, OG) paying that kind of money. £125-150/hr for an SME quite common.
I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
I know there are some roles around that pay that money, I am talking specifically about my field and my industry, as it aligns to what the fantasist i mean other architect guy who isn't in the thread said was the case!I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
Blown2CV said:
Lefty said:
Plenty of roles in the energy industry (nuclear, OG) paying that kind of money. £125-150/hr for an SME quite common.
I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
I know there are some roles around that pay that money, I am talking specifically about my field and my industry, as it aligns to what the fantasist i mean other architect guy who isn't in the thread said was the case!I know of somebody making £5k/day advising on strategy, she’s not on long term contract with anyone obviously but a month at a time is the norm and she’s turning clients away because she’s so busy.
Are most of you contractors in IT? Reading the thread it feels that way. Most people I know who contract are IT or land finders.
In the organisation I work for at present there appears to be 3 senior people who are contractors.
1. People and culture director (fancy HR)
2. Transformation Director (fancy pm)
3. Director (me) function non specific but I am a business strategist, development and funding expert. (Fancy house builder)
No IT contractors in the organisation though
In the organisation I work for at present there appears to be 3 senior people who are contractors.
1. People and culture director (fancy HR)
2. Transformation Director (fancy pm)
3. Director (me) function non specific but I am a business strategist, development and funding expert. (Fancy house builder)
No IT contractors in the organisation though
Edited by blueg33 on Tuesday 2nd July 07:58
blueg33 said:
Are most of you contractors in IT? Reading the thread it feels that way. Most people I know who contract are IT or land finders.
In the organisation I work for at present there appears to be 3 senior people who are contractors.
1. People and culture director (fancy HR)
2. Transformation Director (fancy pm)
3. Director (me) function non specific but I am a business strategist, development and funding expert. (Fancy house builder)
No IT contractors.
QS here mostly high end residential In the organisation I work for at present there appears to be 3 senior people who are contractors.
1. People and culture director (fancy HR)
2. Transformation Director (fancy pm)
3. Director (me) function non specific but I am a business strategist, development and funding expert. (Fancy house builder)
No IT contractors.
Mostly fixed price contracts for me rather than day rate though.
p1stonhead said:
blueg33 said:
p1stonhead said:
QS here mostly high end residential
Mostly fixed price contracts for me rather than day rate though.
Nice - south east based?Mostly fixed price contracts for me rather than day rate though.
blueg33 said:
p1stonhead said:
blueg33 said:
p1stonhead said:
QS here mostly high end residential
Mostly fixed price contracts for me rather than day rate though.
Nice - south east based?Mostly fixed price contracts for me rather than day rate though.
Always want what you currently aren’t doing at that particular moment
blueg33 said:
Are most of you contractors in IT? Reading the thread it feels that way. Most people I know who contract are IT or land finders.
In the organisation I work for at present there appears to be 3 senior people who are contractors.
1. People and culture director (fancy HR)
2. Transformation Director (fancy pm)
3. Director (me) function non specific but I am a business strategist, development and funding expert. (Fancy house builder)
No IT contractors in the organisation though
Yes, though not in the development side.In the organisation I work for at present there appears to be 3 senior people who are contractors.
1. People and culture director (fancy HR)
2. Transformation Director (fancy pm)
3. Director (me) function non specific but I am a business strategist, development and funding expert. (Fancy house builder)
No IT contractors in the organisation though
Edited by blueg33 on Tuesday 2nd July 07:58
I work as part of project teams to put in Service Management systems (one in particular) for Incident, Problem, Change (and then other subsequent modules).
That would be usually starting from a green field site, through design, implementation, then in to early life BAU, handover then off to the next project.
We're looking at an interim FD/CFO on a business that I am restructuring at the moment. Rates have shot up over the last couple of years and availability seems to have plummeted.
We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
sleepezy said:
We're looking at an interim FD/CFO on a business that I am restructuring at the moment. Rates have shot up over the last couple of years and availability seems to have plummeted.
We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
Inside IR35?We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
sleepezy said:
We're looking at an interim FD/CFO on a business that I am restructuring at the moment. Rates have shot up over the last couple of years and availability seems to have plummeted.
We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
That's surprising. I'm an FD (currently on a 3 year FTC). IME rates are between £750-£1000 a day.We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
Finance roles were going through the roof a couple of years ago but rates seem to have steadied (this is in Manchester / North West area). For £2k/day I'm pretty sure you'd be able to get a partner from one of the Big 4.
Deep Thought said:
sleepezy said:
We're looking at an interim FD/CFO on a business that I am restructuring at the moment. Rates have shot up over the last couple of years and availability seems to have plummeted.
We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
Inside IR35?We've been quoted day rates (through an agent so including their not insignificant markup) of £1,750 to £2k - and the quality of the CV's we're getting through, particularly at the lower end of that spectrum, are definitely not setting the World on fire.
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