AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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I have been asked to go contracting by one of the companies my work contracts me out to...
My work gets £750 or so a day for me..... i get a fraction of that.
If i left, i'd have no basic salary (as i get just noe), and no firm gaurantee of work if things dry up. I'd be on a flat day rate of £450 or so, but all going to me
The money i stand to earn by leaving could be upto 2x what i'm on just now, which is pretty decent.
They seem to think they will be busy with contracts etc for the next ten years. This will be more apparent by early 2007, so may wait till then as i just got a promotion and payrise from my work.
hmmm....
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Kif
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Registered: 13th Jan 05
Location: Doncaster, South Yorkshire
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I dont know what i'd as i have no idea what you are on about 
Sorry  
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dave17
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Registered: 3rd Sep 02
Location: Greater London
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 thats alot of money
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TNM
Member
Registered: 5th Apr 04
Location: Nottingham Drives: VW Tiguan
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ask for a payrise!
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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corsa-boy19 and gianluigi tag team. . . The new tag team in town whats all that shit about?
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3CorsaMeal
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Registered: 11th Apr 02
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what kinda of work/industry sector?
i reckon there is going to be some kind of recession soon, lots of big companies already worried about their spending and what the next few years is gonna bring
its been too good for too long
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Carr
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Registered: 1st Oct 04
Location: Leicestershire (Home) Ambleside, Lakes (Uni)
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quote:
Originally posted by AK
corsa-boy19 and gianluigi tag team. . . The new tag team in town whats all that shit about?
I believe the word you're looking for might be tossers?
I doubt they would wait till 2007 for a response it's just one of those decisions you gotta make. Maybe tell your current work what you've been offered and if they want to keep you they might offer a payrise or a bonus of some sort.
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Edd
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Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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stay where you are until the other company can guarantee you some job security
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Edd
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Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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also the no basic salary would worry me,what sort of pension scheme do the have if you have no basic wage?
[Edited on 03-11-2005 by Edd]
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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my pension at the moment is quite good...
I pay 10% of salary, they match it. That i would have to sort out myself if i left.
If i were to ask for a wage rise (which i've just had) they could not match the wages i'm talking about.
Its not a case of BP waiting till 2007 for a decision.... it more a case of me making a decision when the time is right. My current employer has a contract with them for another year. It will be evident in early 2007 if there is more future scope.
Oil Exploration btw
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Edd
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Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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i would bide my time,think of long term gains not just the short term
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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id do it adam , if it did fall through im sure tyou could find a job again, lifes about taking risks!
you should be used to risks look at the some of the shoot cars you buy
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Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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taking risks is fine but when you have no job security no works pension its a risk not worth taking imho.
if you do go through with it i hope it all works out brilliantly for you
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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be suprised if you havent signed an agreement not to work with any of the companies your employer has contracts with after you have left?
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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I'd think very carefully, the only thing that made me say that is the fact you're obviously in a very well well paid and stable job at the minute and the fact it's a very specialist 'trade' if contracts were to dry up if you went solo how easy would it be to get back in to the exact same role and earn the same money. It's all well and good to be ambitious and want to earn more, but you've obviously got a good standard of living at the moment i'd be inclined to stay put.
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Siberia
Member
Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
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if you have quailifications to fall back on if it went pearshaped i'd go for it!
nothing like being you own boss... but theres alway risk involved...
serious money btw!
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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i have a BSc Computer Science but i'll be fucked if i'm going to be a programmer
I have no agreement with my work, no contractual agreement, that states i cannot work for X when i leave.
Other things to think about would be i'd have to sort my own tax etc.... but for a potentail 80k a year
It is all about risks, thats why i havent simply gone 'mmmkay, show me the money'
I'm holding my horses to see how it pans out over the next few years. The project i'm on just now is the first of its kind.... has been going for 2 and a bit years an the second setup has just been confirmed for the UK sector.
Another possiblility would be to set up my own personel company... starting with myself of course, but contracting others when i canny be assed and taking a cut. Give them 250 a day, take 200 for myself... something like that (this would not be as simple as it sounds though)
The money i'm on at the moment is quite good for my age etc, but it does involve being away from home for long periods of time... something i'm not wanting to do forever! So strivking whilst the money is up for grabs may be the best option...
ramble ramble ramble
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SetH
Member
Registered: 15th Jul 01
User status: Offline
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Go for it m8, earn shit loads of money whilst its there. Im sure you have the minerals to take up permanent employment again with a company if the contracts dry up. Perhaps with the money you will be earning you could put some away to fall back on if you end up out of work for a while?
Regarding pensions cant you set up your own stakeholder or something?
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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in a few year it wont really be such a risk either...
Fee is a trainee solicitor just now.... by that time should should hopefully be making some decent money for me to use 
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Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
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quote:
Originally posted by Nismo
id do it adam , if it did fall through im sure tyou could find a job again, lifes about taking risks!
you should be used to risks look at the some of the shoot cars you buy
I agree, go for it. Its not like you have kids or anything depending on your finances (thinking worst possible scenario)
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corsa5dr
Member
Registered: 12th Jan 03
Location: Bath/Bristol - Evo 4 GSR
User status: Offline
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Do it. Loads of people do contract work especially in IT and make an awesome living out of it. Good contractors demand good rates and are rarely out of work.
What exactly is it you do?
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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You only live once dude
Lotus Elise 111R
Impreza WRX STi
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stuartmitchell
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Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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quote:
Originally posted by AK
my pension at the moment is quite good...
I pay 10% of salary, they match it. That i would have to sort out myself if i left.
If i were to ask for a wage rise (which i've just had) they could not match the wages i'm talking about.
Its not a case of BP waiting till 2007 for a decision.... it more a case of me making a decision when the time is right. My current employer has a contract with them for another year. It will be evident in early 2007 if there is more future scope.
Oil Exploration btw
oooh good money in BP squire, my old man used to work for them and the pension he will recieve is ace 
I say dive in and go for it
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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its not working for BP.... its self employed, contracting to BP
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Whats the worse that can happen - you have to sell a car or three?
What is the likelyhood that after tax and messing you still have exactly the same take home as you currently do over the course of 12/24 months?
If its likely you will at least break even then you're young enough to have a go?
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