28th January 2009, 11:19 AM
Erm, no its not a different thing! Charge out rate/day rate is exactly the same thing, its what I charge my clients, or what you get paid by eg Time Team as a self-employed person. Over a year this forms your turnover, out of which you can pay your costs including tax and NI, and then what is left is yours. So ?70 a day is less than what you are earning as an employee. It is exploitation and Time Team should be ashamed. A lot of confusion happens when people say 'I earn ?250 a week', when in reality they earn ?340 GROSS. Its not the same.
As an employee your employer charges you out on a day rate to clients, then uses the difference between your pay and the day rate to pay the rent/loans/admin staff/tools/make any profit/invest in training etc etc.
?140 a day is about the right day rate for a basic digger in London, but for a supervisor its a fair bit more. I charge a lot more, and in normal times people are happy to pay because they get quality work.
Although on paper it looks very attractive self-employed is only suitable for some, and I wouldn't recommend it, its certainly not the way forward for archaeology in terms of sorting out our many problems. It suits me, just about, as I get to spend a lot of time with my family. But yes, I'd rather have a nice steady job at the minute!
As an employee your employer charges you out on a day rate to clients, then uses the difference between your pay and the day rate to pay the rent/loans/admin staff/tools/make any profit/invest in training etc etc.
?140 a day is about the right day rate for a basic digger in London, but for a supervisor its a fair bit more. I charge a lot more, and in normal times people are happy to pay because they get quality work.
Although on paper it looks very attractive self-employed is only suitable for some, and I wouldn't recommend it, its certainly not the way forward for archaeology in terms of sorting out our many problems. It suits me, just about, as I get to spend a lot of time with my family. But yes, I'd rather have a nice steady job at the minute!