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Recruiters have been very successful in placing Contract and Temporary workers in assignments from 1 week to 12 months duration. Candidates often ask us for advice on becoming a Temporary worker or Independent Contractor. Here are some helpful hints for those of you considering a career and life with us here in Ireland:
The first step is to arrange a meeting with one of our consultants. We’ll happily work with you on optimizing your cv to present your skills favourably. We’ll offer practical advice on preparing for an interview and the steps involved in securing continuous work. The benefits of contracting through Recruiters are:
- We work with an enviable client list with great opportunities for Contract working in industries such as IT, Telecoms, Medical Device, Pharmaceutical, Banking, Insurance, Financial Services and Engineering.
- Regular contact with your Consultant who can offer practical advice on dress code, reporting structures, timesheets, rates of pay, payment schedules, holiday pay, bank holidays and personal days.
- A fast, efficient and friendly payroll service. We pay on time, every time.
Contracting – A quick Checklist
Before meeting your consultant, we advise that you make copies of the following documents and bring them in to your first consultation:
- An up to date CV – check out our pro-forma cvs for helpful hints. Remember, as a Contractor a client is paying for your skills. They need to be clear and obvious.
- Personal Identification – the obvious ones are best, ie, Passport, Drivers Licence.
- As a contractor you need to set up a Limited Company. In essence you will be self employed and are duty bound to organise your own tax returns. Recrutiers can offer practical advise on this and introduce you to a reliable and retputable firm of accountants who specialize in payment to contractors. Alternatively you may know an accountant that can work with you. Shop around for the best deal and beware of hidden costs.
How do I calculate my rate of pay
- Rates of Pay: Tip – When calculating your rate of pay multiply your daily rate by 230 days. Don’t be caught by surprise by calculating your daily rate by 365 days. We only work 230 days when you take into consideration weekends, holidays, bank holidays and personal days. Eg: €250.00 per day is equal to a salary of €57,500 when you multiply €250 x 230.
- On average a Contractor will earn €10,000 more than their permanent coutnerpart, so work this into your rate. If you are currently earning a salary of €50,000 in a permanent role, you should benchmark yourself at €260 per day – equating to €60,000.
- Taxation: As a self employed Contractor you may be pleasantly surprised at the range of business expenses allowable. Ask your accountant for details on this. On average a Contractor pays Tax at the rate of approx. 22% versus the permanent rate of 42%. This will give you another lift in your takehome pay.
- Training: As a Contractor, a client is paying for your skills and experience. It is unlikely that they will provide further training to you. There will always be a settling in period where you become familiar with their systems, so beware not to take on contract work if you cannot fulfill the duties of the role.
- Holidays: As a Contractor, you only get paid for the days you work. This is why we calculate your rate by 230 days. You need to factor this in when planning your personal time and holidays. You wont get paid for this time or bank holidays, assuming you don’t work on these days.
- Getting Paid: You need to invoice September Consulting (Recruiters Trading Name) at the end of every month. Your accountant can generate the invoice for you or provide advice on same. Your invoice must be accompanied by signed timesheets. The timesheet must be paid by your manager. This authorizes us to pay you. Recruiters pay on invoice, ensuring prompt payment for you.
Finally:
For further information on becoming a contractor, call Recruiters on 016489110 or email info@recruiters.ie. We look forward to meeting you to facilitate you becoming a contactor. For experienced contractors, we’ll offer you opportunities in some of Ireland’s leading companies. |
Temping – A quick Checklist
