News for hackers. Stuff that matters.

A comment on Is the Rise of Contract Workers Killing Upward Mobility?. Parent comment

Re:Is the Rise of Contract Workers Killing Upward Mobility? by zimpenfish on Tuesday October 03, 2017 @07:42AM (#15391699)
> contractors grossing about 3x the salary of full time employees

I dunno where you're seeing that but in the circles I move in, no-one is getting even 75% of 3xEFTE. More like 45-50% of 3xEFTE.

(EFTE = Equivalent FTE. Obviously new FTEs cost a lot less.)

[ Parent | on HN ]
Re:Is the Rise of Contract Workers Killing Upward Mobility? by sefrost on Tuesday October 03, 2017 @08:30AM (#15391923)
Central London contractors can have daily rates of 400/500 easily. That's an equivalent salary of £90k+
[ Parent | on HN ]
Re:Is the Rise of Contract Workers Killing Upward Mobility? by richardknop on Tuesday October 03, 2017 @10:46AM (#15392740)
600/700 is not unusual in London (several of my friends are on daily rates like that). Plus you can expense a ton of things as part of business costs.
[ Parent | on HN ]
Re:Is the Rise of Contract Workers Killing Upward Mobility? by zimpenfish on Tuesday October 03, 2017 @10:59AM (#15392834)
If you're into the weird or obscure fintech stuff, you can easily double those.
[ Parent | on HN ]
Re:Is the Rise of Contract Workers Killing Upward Mobility? by richardknop on Tuesday October 03, 2017 @11:33AM (#15393077)
Or some enterprise nonsense like Ab Initio, Siebel, SAP etc.
[ Parent | on HN ]
Re:Is the Rise of Contract Workers Killing Upward Mobility? by zimpenfish on Tuesday October 03, 2017 @10:57AM (#15392815)
Yeah and someone getting 400/500 a day is not going to be getting a full time salary of £30k, are they? That's where the 3xEFTE claim falls down.
[ Parent | on HN ]
Re:Is the Rise of Contract Workers Killing Upward Mobility? by 201709User on Tuesday October 03, 2017 @08:37AM (#15391956)
Minus pension, minus insurance, plus accounting expense. So deduct a few grand.
[ Parent | on HN ]