Just discovered a colleague is earning 40% more than me.
That is just the cost to your organisation. Their contracting company will be taking a slice of that too.
(and somebody left a document accessible that has everyone’s salary showing ?? Sackable offence – or at least a written warning for them – and you didn’t have to look at it when you realised what it was)Posted 3 years agorene59Member
Contractors will nearly always be paid a higher rate than an ordinary employee. As for other colleagues you will often find that staying long term with a company your salary will not reflect the current going rate. Newer recruits will often be paid a higher rate than long term staff. Just depends on job market at the time of joining. Signs just now are that it is becoming a candidates market so if you are not happy look for a move or try to renegotiate (good luck with that – rarely successful).Posted 3 years agorobinlaidlawMember
contracted rate != take home pay
This, if he has his own limited company the rate you are seeing is what his company charges. Assuming it’s exclusive of VAT, he still has to pay 20% corporation tax off that before he gets to money that he can potentially pay himself. Then he has to pay his own pension and benefits that are built in for you. As a contractor you’d expect him to be making more than you are, and it doesn’t sound like he’s getting as much more as I’d have expected.Posted 3 years agobikebouyMember
wwaswas – Member
Granted the colleague is a contractor
Massively underpaid if it’s only 40%, you need at least 60% more than an employee even to get out of bed these days for a contract.
Feel free to join in the Contractor set, it’s a growing market for short term contingent workers who get booted out with max 2yrs sucessive employment by one firm.
HTH too.Posted 3 years agodavid47Member
taking home 40% more
If he really is ‘taking home’ about 40% more that you he’s doing well…
But for a contractor, not massively….
I looked at the figures once, and I reckon I needed the gross figure to be almost double to get the same take home pay after all the ‘hidden’ bits are taken into account i.e.
holidays paid, a company car, sick pay, bonus, healthcare, pension
as well as NI, paying for my own training, paying for an accountant etc etcPosted 3 years ago
Today I stumbled upon my teams budget for this year. contained within was a breakdown off all staff and their relative pay. Not only was I the lowest paid, but I have also found out that a colleague (with less experience) is taking home 40% more than me.
Granted the colleague is a contractor, but does this seem a fair amount? I enjoy the work I do, but can’t help but feel that I am being taken advantage of just now.Posted 3 years agonemesisSubscriber
Oh, don’t feel that you can’t still form a posse and lynch him, since when did that have to be reasonable or logical?
I reckon that once the government have finished stigmatising those on benefits, they’ll be after contractors next – easy target isn’t it – +40% and the rest pay for doing the same job and getting tax breaks, etc.Posted 3 years agobikebouyMember
As the employment rules relax you find more and more companies rely on Contingent (Contractors) more and more, to the point that companies are liking the idea of leeping core regulatory staff onboard and making contingent all others.
It’s a growing market.
It’s been around for many years and expect it to be around form many many more years to come.
Don’t put your pitchforks away just yet, plenty to have a go at yet!Posted 3 years agorichcMember
As others have said 40% more doesn’t seem much; when I contracted I was on ~ 150% more than I was as a permanent employee.
Downside was no pension, no paid time off and not a lot of job security and I was de-skilling as I wasn’t doing work I was interested in as it was mostly firefighting and troubleshooting rather than development work.Posted 3 years agototalshellSubscriber
myself and two colleagues were once disciplined for discussing our salaries, after a heads up from a friend in HR that i was been short changed i raised the give me more money argument for three years with my local director and was told i was in the top eighth of my pay scale.. then one christmas someone in HR.. wrote to all the staff that were been short changed and a month later i got a nice fat pay cheque and left the following week..Posted 3 years agodannyhMember
The whole ‘look / don’t look’ thing is interesting isn’t it.
I have been in a position for the last six years to ‘look’ if I wanted to. I haven’t, purely because I know that what I would discover would most probably wind me up.
This is the way of things. Sometimes it is better not to know and just be happy with what you have.
+ a million for all the people who are saying that a contractor ‘only’ on 40% more than the lowest paid team member really hasn’t done their negotiating very well.
In contractor (but more especially consultant) situations, the more money the company pays, the better the work they think they are getting. Plus the flexibility to get rid at a moments notice!Posted 3 years ago
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