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When working in a permanent role, your salary and benefits package is set at the start of your period of employment. This is the case for most professionals; their salary is calculated every month by their employer and will typically be the same amount every pay day.
If you’re an interim manager or a contractor, you’ll be in more control of the rates you’ll accept for your services and the way in which you are paid. However, it’s important to have a good understanding of the value of the services you can offer – don’t price yourself out of the market. Speak to your consultant for more information on the going rate.
When setting your daily rate, it’s important to remember the costs that will need to come out of your earnings.
With all this in mind, a seemingly good daily rate may leave you with insufficient take-home pay.
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