I set up a limited company last year and undertook a number of contracts but never got anywhere near the 45GBP / hour rate - in fact that would make my efforts worthwhile. Consistent hourly rates are 24GBP / hour for the provision of site engineering services; which taking into account tax, very expensive insurance (business + business vehicle) and fuel, it leaves me with an average income. Eager to learn where to find those 45 / hr rates.
I have an older cousin who also said this, and it may well have been true a decade or so ago. But nowadays I think its age and a half to be doing pretty well. Cost of living in general is way to high (especially in the south) and you wont be able to afford a house in your mid 20's etc if you are earning your age. Funnily enough I just did the maths and I am earning pretty much exactly my age and a half! (Until my birthday in Jan, then I'm a loser again)Interesting thread.
Not much to add but I remember being told as a kid that if you earn your age you’re doing pretty well. Maybe add a couple of K and a few bonus K for London but I think that’s about right. Not to say that people earning less than that are not doing well, just that you shouldn’t necessarily be dissatisfied at that level.
Just a generalisation of course.
Hmm I know what you mean but I think age and a half is a little higher.I have an older cousin who also said this, and it may well have been true a decade or so ago. But nowadays I think its age and a half to be doing pretty well. Cost of living in general is way to high (especially in the south) and you wont be able to afford a house in your mid 20's etc if you are earning your age. Funnily enough I just did the maths and I am earning pretty much exactly my age and a half! (Until my birthday in Jan, then I'm a loser again)
Nope, we have CAD people for doing CAD stuff. I survey and fix sewers mainly, designing repair and rehab solutions from single pipe level right up to entire catchments, as well as dealing similarly with various other drainage assets.When you say technician do you just do CAD?
Key word - Consultants... As I mentioned, that's where the money is. If you're contracted directly to or employed by the utility company or are part of a JV, you're on the low pay.Your salaries seem very low tbh. I've worked for a couple water engineering consultancies (civil based but I'm mechanical), and you can earn significantly more than that.
Depends on the company. Sometimes going the Incorporated route works better.Also surely the only real cost of getting chartered is time? (normally fee company will pay)
Nope, we have CAD people for doing CAD stuff. I survey and fix sewers mainly, designing repair and rehab solutions from single pipe level right up to entire catchments, as well as dealing similarly with various other drainage assets.
Key word - Consultants... As I mentioned, that's where the money is. If you're contracted directly to or employed by the utility company or are part of a JV, you're on the low pay.
Depends on the company. Sometimes going the Incorporated route works better.
im in envy of those that have a good job outside london with a affordable mortgage.
I'm hoping with brexit salaries will increase as there will be skill shortage.
That's the industry for you...Sounds like terrible rates. If youre unhappy with the salary have you considered moving?
That's the industry for you...
Worse still, I can't go to a different utility company, partly because it means moving to a completely new Region and we're setting up a life here... and partly because I'd be paid even less elsewhere.
Best post I've read in quite a while.If you're in the situation where you'd love to just be on 20k then you can't have worked very hard on personal development or a skillset, I mean come on you don't need to be a brainbox or have any special capabilities to obtain that, a bit of effort and showing some initiative in fairly basic roles such as a 1st line call centre role will see you on that within a couple of years.
The reason those people are stuck on salaries below that is that they fear failure and don't open themselves up to new opportunities, they sit in the same job they moan about for years on end wondering why their manager isn't turning around offering them more money.
Dunno about the Engineers, but my skills aren't really transferable outside the water industry. Kinda stuck without expensive* retraining for a career change, in that respect. Downside to specialising.I'm only Incorporated and on more than your Chartered Over 55s with London Weighting at a different utility. Might be worth looking into more before deciding that's the best you could find...
Still Water, just a different area is all I meant by different utility.Dunno about the Engineers, but my skills aren't really transferable outside the water industry. Kinda stuck without expensive* retraining for a career change, in that respect. Downside to specialising.
*As in, however much it costs, I can't afford it.