Welcome to immigrationboards.com!
Firstly both offers are really underpar for London standards. As I dont have info on your experience I am not sure how true it is in your case. Anyway, lets work the numbersasal wrote: 1.Permanent job with 40k per annum in London
2.Six months contract job with 200gbp perday in london.
Also note that contracting dramatically reduces your chances of permanent employment, its a killer. Employers dont prefer recruiting contractors as they know you will vanish at the next big contract that comes along.
The common mistake made is confusing contracting with consulting. What recruiters and the general market term as contracting is when you work on your own, as an individual company offering your services and responsible for your own well being.O_Relly wrote: This is similar to what a contractor does right ? He is registered with his parent company or umbrella company and works for a client ?
So this has nothing to do with a person being a contractor or perm employee. The issue, from past experience is, those who have had a go at contracting and then come back can never be trusted. Again, this is from previous experience learnt the hard way.O_Relly wrote:@mulderpf
Like I said earlier, my intention was not to equate them. I agree a contracting house is entirely different from a umbrella company. My only point was that it was not fair of companies (read contracting houses) not considering a person for permanent employment just because he has contracted (on this own) in the past.
And finally, contracting never expands your skill set
So typical... I never thought KP will write this. you seemed like a reasonable guy to me but...contracting, unfortunately, makes one a one trick pony
Quite a grey area really butIdea wrote: Consulting by definition is providing a specialised service. I donâ€™t know how one can be a consultant without being a specialist (with lot of experience) in one field.
As simple as a fresh grad trying for an experienced job role - to get a contract role all agencies/companies want people with prior contracting experience else one cannot get the role or may be low balled into a terrible day rate which makes no sense.gainvidya wrote:kenfrapin wrote:Would you expand on that.Idea wrote: permies trying to get into contracting find it difficult getting their first contract
I'm amazed by this. In my experience employers were happy if they could lure a former contractor into permanent work.mulderpf wrote: I have had a few employment agents tell me about companies who will not even look at you if you have ANY contracting work on your CV. They actually have screening questions where they ask "have you ever worked in a contracting role?". They will not even consider you.
Note that it's not all, I said a few. There were many who were not too phased by it, but I've had one really nasty incident and a couple of interesting discussions with agents on this point. I'm simply pointing out that it can make your life much more difficult if you intend on shifting from the one to the other later.MarcusB wrote:I'm amazed by this. In my experience employers were happy if they could lure a former contractor into permanent work.mulderpf wrote: I have had a few employment agents tell me about companies who will not even look at you if you have ANY contracting work on your CV. They actually have screening questions where they ask "have you ever worked in a contracting role?". They will not even consider you.
This is after you contract with that company, they pester you to go perm - different from what we have been discussing where you apply for a perm role with a company after contracting for a few yearsharsha7kp wrote:I have been working as a contractor for 5 years, and never ever have I faced/heard issues wherein the job agency has refused a CV because the person worked as a contractor. On the contrary, the companies are keen to get contractors to become perm employees. This is true atleast in financial\investment banking Industry.
And you proved my previous point. My friends are being pestered everyday because they like their work and want to get away by paying a lower monthly salary.harsha7kp wrote: Infact one of the companies that I worked for 2 years previously, pestered me to go perm so much that I had to finally look for another contract role elsewhere.
Yup, I agree completely with what you have said. Also, perms have a lot of opportunities to scale up and move into management so career wise, being perm has a lot more going for you.harsha7kp wrote: Also, generally I dont find any much difference between Contracting and perm in terms of skill sets improvement. The major difference for IT guys is that perm IT guys try to learn more about the busienss side of things and we Contracting IT guys try to learn and improve on our technical skill sets.
While I agree the average is Â£500/day thats only true in London and bigger cities. I believe the average is much lower around Â£300/day. I know of people in the industry and from here where the rates are as low as Â£180/day. On the higher side trust me, I dont have a lot of experience but have gone into interviews paying Â£700/day but never had the guts to go for it (wish I had). I know of people who earn close to Â£1k/day and crazy as it may sound, it is very true.harsha7kp wrote: Also, who/what gets paid Â£1500/day for 2 years? An exotics trader??
I dont think anyone will be paid ridiculous amount like Â£1500/day unless the contract role is just for 1 or 2 months and that too for niche skillsets.
Yes, have seen technical architects and business analysts(and not managers) charge upto Â£1k/day which is honestly top end of the contracting market.
Had seen a couple of Tibco BE contractors charge Â£900/day.
But most of the contractors, even in the high paying Oil&gas or Inv banking industry, get paid anywhere between Â£400 to Â£700/day. I would say, Â£550 is actually the average rate if you consider both BAs, Quants and IT guys in this industry.
I would definitely not advice anyone of such a move. The world today is changing so fast you are not sure what will life be in any county in 10years time.harsha7kp wrote: save and invest back in India(probably in commercial properties), and return back to India in 8-10 years
Dude, Investment strategies are left to an individuals choice and only time can tell if the decision was right or wrong. Yes times do change fast, and thats the very reason why NRIs should invest in india before its too late:pI would definitely not advice anyone of such a move. The world today is changing so fast you are not sure what will life be in any county in 10years time.
Also, I dont believe in spending 10 years in a country just to save up and then go back. Life is precious and 10 years is a long time to not settle down and build roots in your community. I would not want to lose 8 or 10years just working to build my nest egg and then go back to India and start from scratch again. Also,you not only lose 10years but you also lose the friends you have made, your family(which most of us will have in those 10years) lose the bonds they have built where they have lived and even India will feel alien when you go back and settle down after 10years. If you have a family its very unfair to your child/ren, if born here and schooling are more British than Indian and taking them back when they are above 5 years is something I wont advice.
Many people think its all about money and saving now to then returning home and settling down for good. I have seen this happen as a widespread practice in the early 90s with people working in the Middle East - must say, its never proven successful because 10 years is just too long a time frame not to live your life and enjoy your younger years.
You end up saving and saving and telling yourself you will go back and when you finally do, you will be in your mid-40s with a nice big belly, hardly any friends left, the place being a lot different from what you remember 10 years back, habits more English than Indian and quietly regretting you did not make more of the time you lost thinking of the future and silently, every day, wish you had spent a little more time enjoying your younger days with the money you earned