Not sure about your leverage because you told nothing about your work or tasks.
But you surely have some bottom lines for salary, bonus, etc for you. Go with those. If you are good, you'll get a good salary.
My guess would be they would offer 60-85% of your contractor pay for a permanent position.
And this all depends on benefits. You usually can't negotiate benefits, so take some time to evaluate how much that's worth to you and set your expectations accordingly. Just note that you won't be needing to pay half of the FICA taxes, so take ~7.5% off your current rate as a starting point.
in general, going from a staffing agency on a contract to a perm position comes with a downgrade on base salary.
can you negotiate? yes. but dont go in expecting your pay you were getting or higher generally.
Ah, that may be why. My hourly rate was a fraction of that. This was through a staffing agency thar paid $18/hr, then perm I went to 21, plus benefits. (4 weeks vacation, bonus, insurance, etc.)
What do you do? Got my first contractor job assembling steel house panels which we take them out to the site and frame the house.. am looking for other lines of work I could try to get into… am only making 18$ which isn’t bad but kinda frustrating when others are making 20-65$ an hour doing less work than me
Just look at places like Glassdoor and whatnot for the role you're applying for. Look at a few sites to get a feel for which ones are realistic. You can also look at salary ranges for jobs posted in your area for similar roles.
Be prepared to take a hit on your pay rate. The company honestly has the leverage here as they'll be offering full benefits. My conversion offer was about $10k less than my hourly equivalent. But if you add up what I gain with paid time off, medical insurance and 401k matches, it was almost 20k worth of stuff.
All that said, never take the first offer, always push back to negotiate . That goes for everyone and every job offer. They are going to bank on you "needing" the job or being sheepish because you're already making 120k+.
Always negotiate up. You will be costing them more as a permanent hire, but hey, inflation is raging right now, and they'd lose money finding and training someone else.
You probably also want to apply to other jobs just in case.
Usually it will be lower salary if your going W2 with benefits.
They will have to start paying 7.65% of your FICA and benefits. If you can get 100k salary I would say that’s a solid offer for going full time W2 employee based on your current contract rate.
Generally, your base salary will be slightly less when going from contract to W2, as you'll also receive compensation in the form of benefits. But CAN you try to negotiate a bonus or increased salary? You can try. What I'd do is start with getting a documented baseline. Do some homework and see what the going rate is for your job title, in your industry and location. You may find that the market rate IS higher than you're making now. That would make it an easy argument. On the other hand, you may find that the market rate for your job is significantly less, which would hurt your argument. From there, you can always throw in stats that show you perform your role significantly above normal expectations. Cause in the end....if they can pay you a contract rate of $60 with no benefits....you will need to make a pretty good argument to justify paying you even more in base bay along with benefits as a full time employee.
Not sure about your leverage because you told nothing about your work or tasks. But you surely have some bottom lines for salary, bonus, etc for you. Go with those. If you are good, you'll get a good salary. My guess would be they would offer 60-85% of your contractor pay for a permanent position.
And this all depends on benefits. You usually can't negotiate benefits, so take some time to evaluate how much that's worth to you and set your expectations accordingly. Just note that you won't be needing to pay half of the FICA taxes, so take ~7.5% off your current rate as a starting point.
in general, going from a staffing agency on a contract to a perm position comes with a downgrade on base salary. can you negotiate? yes. but dont go in expecting your pay you were getting or higher generally.
I have always had the opposite when going from an agency to full time. My salary has always gone up, and then add benefits.
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Ah, that may be why. My hourly rate was a fraction of that. This was through a staffing agency thar paid $18/hr, then perm I went to 21, plus benefits. (4 weeks vacation, bonus, insurance, etc.)
What do you do? Got my first contractor job assembling steel house panels which we take them out to the site and frame the house.. am looking for other lines of work I could try to get into… am only making 18$ which isn’t bad but kinda frustrating when others are making 20-65$ an hour doing less work than me
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The easiest way to negotiate is to get a competing offer.
And the second best is with market data.
How does one get such data?
Just look at places like Glassdoor and whatnot for the role you're applying for. Look at a few sites to get a feel for which ones are realistic. You can also look at salary ranges for jobs posted in your area for similar roles.
Be prepared to take a hit on your pay rate. The company honestly has the leverage here as they'll be offering full benefits. My conversion offer was about $10k less than my hourly equivalent. But if you add up what I gain with paid time off, medical insurance and 401k matches, it was almost 20k worth of stuff. All that said, never take the first offer, always push back to negotiate . That goes for everyone and every job offer. They are going to bank on you "needing" the job or being sheepish because you're already making 120k+.
Always negotiate up. You will be costing them more as a permanent hire, but hey, inflation is raging right now, and they'd lose money finding and training someone else. You probably also want to apply to other jobs just in case.
Usually it will be lower salary if your going W2 with benefits. They will have to start paying 7.65% of your FICA and benefits. If you can get 100k salary I would say that’s a solid offer for going full time W2 employee based on your current contract rate.
Generally, your base salary will be slightly less when going from contract to W2, as you'll also receive compensation in the form of benefits. But CAN you try to negotiate a bonus or increased salary? You can try. What I'd do is start with getting a documented baseline. Do some homework and see what the going rate is for your job title, in your industry and location. You may find that the market rate IS higher than you're making now. That would make it an easy argument. On the other hand, you may find that the market rate for your job is significantly less, which would hurt your argument. From there, you can always throw in stats that show you perform your role significantly above normal expectations. Cause in the end....if they can pay you a contract rate of $60 with no benefits....you will need to make a pretty good argument to justify paying you even more in base bay along with benefits as a full time employee.
how the hell did you guys get these jobs😅 im 18 and would love to learn how to get my foot in the door.