salary q

catoutthebag

Hi I'm applying for first job in 8 years.

It is asking for salary / rate I'm on.

I'm self employed...my hourly rate makes my salary rate look high, but it's lower as I work on average 3-4 days a week.

I think the way the question is worded, I could state either.

It is prudent to state hourly rate in this case to try negotiate a higher salary in this job?

tomtontom

If your hourly rate is misleading then give your annual income.

catoutthebag

tomtontom wrote: »

If your hourly rate is misleading then give your annual income.

It's not misleading aa that's my rate. I can work full time hours over 4 days. So I think they'll see that in my field that 5 days is 50 hours or 45 hours. I average 3.5 to 4 days a week...so around full timr hours of 32 to 36 hours.

McKneff

But you aren't on an hourly rate, yes, you charge an hourly rate but your costs has to be deducted from this,
costs, NI, Tax, etc. etc. Only then will you have a true hourly rate.


Or you could put your annual profit, divided by the amount of hours (say working on a 40 hour week)
that would give you a true hourly rate.

catoutthebag

Well I can put both and they can clarify if they like
I don't really want to put profit as that works out quite a bit lower and they'll use it to offer me a worse package

OllysMum_2

As long as you can justify it, put the figure that gives you the best negotiating position. But just put one.

If you were in an employed position, your pay rate would be guaranteed across a working week. You would also be getting all sorts of other benefits on top and not doing your own books, invoices, returns etc.

General_Grant

McKneff wrote: »

But you aren't on an hourly rate, yes, you charge an hourly rate but your costs has to be deducted from this,
costs, NI, Tax, etc. etc. Only then will you have a true hourly rate.


Or you could put your annual profit, divided by the amount of hours (say working on a 40 hour week)
that would give you a true hourly rate.

Not sure what you are suggesting as "costs" to be deducted from the hourly rate but NI and Income Tax aren't costs to be deducted from an hourly rate as they would be included in an employee's hourly pay rate. (If the person is not self-employed but employed via their own company then employer's NI is a cost to the business of course.)