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Following the earlier contracting thread, my current client has asked if I could move over to a 1 year fixed term as they want to cut cost etc. I like working for them and have to get to Europe 3 days a month but work from home most of the time.
The PAYE is higher than I ever earned when I was PAYE but the one worry is there is now a 3-month notice period. Would that concern many soon to be ex-contractors?
3 months both sides?
TBH though i'd be surprised if it was enforceable as you'll have been working for them less than a year.
Yep 3 months both ways.
Do you plan on leaving? If not crack on fixed term works if both people want that, you get stability so do they.
Id make the decision on pay and pension. 3 months is ridiculous and likely to be unenforceable.
What’s the cut in pay going fixed term vs day rate?
the pay cut is about 45% but coming up to the period of uncertainty it might be a chance to bed down and ride the storm out. It just might be difficult to get back into contracting with such s a lengthy notice period.
It just might be difficult to get back into contracting with such s a lengthy notice period.
If you know your contract ends in 12 months then you just need to line something up for the end of that? After 9 months your notice period starts and is up at the end - if your thinking of jumping half way through then a fixed term contract probably ain't for you!!
the pay cut is about 45%
Do you reckon they'd drop you within 6 months if you didn't switch?
the pay cut is about 45%
Even accounting for all that lovely paid holiday, the pension contributions and all the other free stuff?