IT contractor going rates

Are you talking about what these "Big3/Big4s" pay to the agencies? I have worked for the big G as a contractor and was getting under 900 chf/day (all inclusive rates).

Btw last month an agency approached me for a role at FB. First I was told it was a Permanent job with the agency and FB was their end client. We discussed 148k pay. I was a bit suspicious of recruiter's talks and asked him to share the salary simulation - it turned out to be an "indefinite contract" without any permanent job benefits ( like Sick leave, Bonus, Trainings etc). All inclusive rates were around 530 and Net rates were 420ish. Of course I told him to F Off... But this left me wondering about the work culture at FB

Sometime ago I saw an YouTube video by an Ex Facebook techlead- who was discussing about the work culture at FB, That most of the Product/Project Managers are from Liberal Arts background and how they destroy the work culture etc. Back then I didn't believe it. But now I'm certain that FB doesn't give a F about how much agency make and how much the contractors get paid.

As has been mentioned, those are consultancy rates. For that, you would need to have a difficult-to-find skillset, your own company and likely have sourced and negotiated the work directly. Also IT firms, even small ones, will generally hire out those rates.

If you're a developer, going through a recruitment company for payroll, then you're looking at closer to 800 p.d.

Depends what they mean by working at 80%. If they mean around six and a half hours per day, then that equates to standard rates. If they mean four out of five days per week, then no.

Again, it depends what it's for. Some skills get paid more than others. As it is working in their hardware department, that may explain why it might be lower, as those who work with hardware, such as network ppl, tend to get paid less than those who work in software, such as programmers.

It was four days a week. I'm not going to bother with it, I'm sticking with Cloud and Security which what my last role was.

Sorry for necroing this thread, but I find it still relevant.

You're all talking about all-in rates, right? Or is it actual gross day rate?

Not sure where you work, but your salary is something more similar to a standard salary.

Considering the cost of living , most likely you are feeding your recruiter in my opinion.

580*220 =127600.

I believe salaries should be more around double the employees salary. Do you know the corresponding salary for the employees working with you?

I would also like to know more about this - Suppose a salary for equivalent role is 200k (160 + pension + bonus + expenses) working in a bank

What would be the comparable day rate

It's at 80%, so, 580*220/0.8 = 159'500

Just add the employers pension contribution plus the employers AHV contributions, the AHV admin fee and a training allowance and divide the total by say 10 to get a feel for what rate you need to earn.

If I remember correctly when I was on 1100 per day the salary amount was 200k including pension.

This was a few months ago. Went back to permanent work since July now which is better.

And following the changes that occured thanks to the pandemic, many permanent jobs are work from home ( although employers will kid you on that WFH was in the pipeline anyway thanks to the drive to move to flexible working )

Why do you make that calculation?

In my case I considered 220 days (out of 260 working days in 2022) because you have 20-25 days for vacations and some spare days when you are sick or when you have to take days off for emergencies.

Where does your 80% come from?

EDIT: oh...80% of the full time ....but the calculation should not be *0.8 instead of /?

Sadly not in my current role. The company doesn't allow WFH and its a strict in the office 9am to 6pm.

I have had a few interviews this week which offer WFH as my last roles had this but I cant really hack the 1hr commute like I used to.

From what I saw on Linkedin :

A new opening pops up to the recruitment agencies --> if you fit the role you will get bombarded with messages like --> do you have time to talk, can we get your CV .. bla bla

I give a standard message and always ask for a salary bandwidth (I don't consider contracting roles, because of the taxes and some uncertainties, also really crappy feeling is that you don't actually there vs. internalisation or direct hire).

But, one says : 550 ,the next one 600 , another 450 , another 750 --> and they let you know that there might be space to wiggle this a bit. So, choose carefully and yes, for contracting roles under 800 might not be worth it considering the costs of living.

Btw, was reading earlier posts with 1500 contractor, or 200 k salaries , from what I've scanned the market for dev / qa testers the average is around 110 - 140 k gross / year

Nope. Divide by 0.8 to get the equivalent 100% salary.

@AlexSec. Ten years ago a freelance SAP techy could get contracts on 1300+ per day. The same work now pays 800 or so.

950 CHF/day is about the same rate as for a freelance plumber here, at least you keep your hands clean.

oh shi... guess us expats ruined the market...

Not really. It was the proliferation of outsourcing.

Neither. Back when the contractors made easy four digits a day was the CHF to EUR at 1.50... but people tend to forget that. It lasted pretty exactly till the 2008 financial crisis. There the CHF went up and day rates went down.

Yours might have. Mine didn't. At least in my sector, the downward pressure didn't really come in until 2018 or so.