team lead

stvincent

sorry if this is a the wrong forum. Just being asked to go off contract and take a permanent role as team lead, in java development. I expect to take a pay cut, but does anyone know of any salary surveys available?

Is there anything else I should consider?

thanks

NeverSayDie

CPL (recruitment consultants) maintain a salary survey, may be of interest;
http://www.cpljobs.com/salaryguide

Re other considerations, nothing much springs to mind, beyond that this is likely a people management role as well a tech one, something to bear in mind if you haven't done that before. Can't offer much there unfortunately, don't have any significant leadership experience myself - there's been large quantities of good material written on the topic though. Role is also likely a good stepping stone towards management (project or otherwise), if you decide to go that way.

Re the change in circumstances, you may make less in a day/hour than you did before, but on the other hand you'll likely end up with various benefits in kind (health insurance, stock, bonuses, and random stuff like gym/canteen), security and structure (paid holidays, much more secure contract terms, training opportunities/career development) that you won't have had as a contractor.

In any case, congratulations

E39MSport

Hi,

Why would you take a pay cut?

I've been offered work on a permament basis at some point during all of my contracts. Of course they want to spend less for you to take on the same role or perhaps even greater responsibility.

Evil Phil

E39MSport wrote: »

Hi,

Why would you take a pay cut?

I would take one as I'd no longer have to charge for the cost of running a business, leave and sick days. That being said, if it was a reduction in my take home pay I'd be looking at the package they were offering very closely. They mightn't just be trying to reduce costs, they may be trying to avoid knowledge erosion in the dev team.

If it was me I do up a monthly budget on what I need from my net salary, including disposable income (be generous), add my pension contributions and multiply by 12 for my asking net salary.

I'd also have to like working there.

COYW

E39MSport wrote: »

Hi,

Why would you take a pay cut?

I've been offered work on a permament basis at some point during all of my contracts. Of course they want to spend less for you to take on the same role or perhaps even greater responsibility.

Is right. You will up doing the same job and a shed load of extra work for far less money. Contracting is the most expensive option for companies.

stvincent

Yeah i think I like working there. Agency is haggling now, trying to knock off a few thousand. I told them a nice round figure, or otherwise I don't mind just staying on contract.

I heard before you should budget for working 220 days a year, to allow for sick days and holidays. If so I'll be down over 20k even if they accept my slightly higher figure :-(

Accountancy fees are around 2.5k every year. They don't really have pension scheme to mention, I think it's 5% on top of of our contributions. It's the career advancement that's tempting me. Not sure if I want to be coding/tuning stuff in 10 years time.

Thing is though, I started work there nearly 3 years ago, so my daily rate is way higher than the market, so if they did say bye bye, it'd be an even bigger drop.

Dr.Silly

stvincent wrote: »

Yeah i think I like working there. Agency is haggling now, trying to knock off a few thousand. I told them a nice round figure, or otherwise I don't mind just staying on contract.

I heard before you should budget for working 220 days a year, to allow for sick days and holidays. If so I'll be down over 20k even if they accept my slightly higher figure :-(

Accountancy fees are around 2.5k every year. They don't really have pension scheme to mention, I think it's 5% on top of of our contributions. It's the career advancement that's tempting me. Not sure if I want to be coding/tuning stuff in 10 years time.

Thing is though, I started work there nearly 3 years ago, so my daily rate is way higher than the market, so if they did say bye bye, it'd be an even bigger drop.

You;re paying ALOT for accountancy fees !!!!!

COYW

stvincent wrote: »

Accountancy fees are around 2.5k every year.

That must be one VERY talented accountant.:eek:

stvincent

actually you are right,1910 was the fee ex vat. still expensive?

Dr.Silly

stvincent wrote: »

actually you are right,1910 was the fee ex vat. still expensive?

Yeah, still expensive pal.

Especially for a typical IT contractor, where it's all standard stuff in what the accountant has to do.


I'm using one which is costing me 1300 (Inc. VAT) . And he's very very very good.

Edit: And my work isn't a daily rate, it's a complicated billing rate which I'm currently on.