Quote:
Originally Posted by Bilbo1967
Whilst I am sorry for any individual who is in this position, isn't that just one of the risks of contracting? Isn't that why contractors are paid so much more (in simple monetary terms) than permanent staff?
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That might be part of the reason, but it's certainly not the whole reason. Contractors don't get sick pay or holiday pay, so any time off they have directly impacts their pay packet. They also, I think, have to pay their own NI contributions. They almost certainly won't have the benefit of any company pension scheme, season ticket loan and other perks such as paid training that permanent employees get. The company can afford to pay contractors more in terms of bare salary as they won't be incurring most of the other costs associated with permanent employees.