Hello Everyone,
         I am interested in knowing what is 'conversion' between
salaries qouted per annum and those quoted per hour for contractors.

For instance, if I can get a salary of 50,000GBP per annum for a
software job. Then, what I would I be worth per hour. If I were to
directly convert it for 52 weeks & 40 hours a week, it comes to around
24 pounds an hour. Thats low right?.

Thanks

In message <c33768b2-3683-4dc8-8e6c-ffbafc8bfc41@a70g2000hsh.googlegroup
s.com>, "rubygoog@googlemail.com"  writes
>Hello Everyone,
>         I am interested in knowing what is 'conversion' between
>salaries qouted per annum and those quoted per hour for contractors.
>
>For instance, if I can get a salary of 50,000GBP per annum for a
>software job. Then, what I would I be worth per hour. If I were to
>directly convert it for 52 weeks & 40 hours a week, it comes to around
>24 pounds an hour. Thats low right?.
>
>Thanks


You need to allow for some other things as well - if you are a
contractor then you don't get any paid holiday or pension or sick leave
- try adding in these percentages. You will also need to pay for your
own administration costs including an accountant. On the other hand, you
can probably pay a little less tax overall and you can charge mileage
and other expenses to your own company. I would probably want to bump it
up to at least 30 pounds per hour.


-- 
leo

wrote in message 
news:c33768b2-3683-4dc8-8e6c-ffbafc8bfc41@a70g2000hsh.googlegroups.com...
> Hello Everyone,
>         I am interested in knowing what is 'conversion' between
> salaries qouted per annum and those quoted per hour for contractors.
>
> For instance, if I can get a salary of 50,000GBP per annum for a
> software job. Then, what I would I be worth per hour. If I were to
> directly convert it for 52 weeks & 40 hours a week, it comes to around
> 24 pounds an hour. Thats low right?.

Try 40 weeks to start with. Then add a bit for employer's NI, then add a bit 
for insurance or the risk of losing income through being ill, then add a bit 
for the risk of not working for part of the year, then add a bit for any 
further travel or staying away from home costs, then add a bit for ...

... Once Upon A Time a reasonable calculation was to double the figure you 
got from your original sum. But I think in some markets you can't get away 
with that any more.

-- 
Tim Ward - posting as an individual unless otherwise clear
Brett Ward Limited - www.brettward.co.uk
Cambridge Accommodation Notice Board - www.brettward.co.uk/canb
Cambridge City Councillor

Ok. Thanks a lot. That gives me a fair idea.
On May 17, 12:16 pm, "Tim Ward"  wrote:
>  wrote in message
>
> news:c33768b2-3683-4dc8-8e6c-ffbafc8bfc41@a70g2000hsh.googlegroups.com...
>
> > Hello Everyone,
> >         I am interested in knowing what is 'conversion' between
> > salaries qouted per annum and those quoted per hour for contractors.
>
> > For instance, if I can get a salary of 50,000GBP per annum for a
> > software job. Then, what I would I be worth per hour. If I were to
> > directly convert it for 52 weeks & 40 hours a week, it comes to around
> > 24 pounds an hour. Thats low right?.
>
> Try 40 weeks to start with. Then add a bit for employer's NI, then add a bit
> for insurance or the risk of losing income through being ill, then add a bit
> for the risk of not working for part of the year, then add a bit for any
> further travel or staying away from home costs, then add a bit for ...
>
> ... Once Upon A Time a reasonable calculation was to double the figure you> got from your original sum. But I think in some markets you can't get away> with that any more.
>
> --
> Tim Ward - posting as an individual unless otherwise clear
> Brett Ward Limited -www.brettward.co.uk
> Cambridge Accommodation Notice Board -www.brettward.co.uk/canb
> Cambridge City Councillor