QUOTE(langstrasse @ May 12 2024, 11:08 PM)
Hi all
Any guidance on pay conversion calculation when going from a permanent role to a contract role under manpower company?
I'm assuming [current salary+employer's contributions for EPF & SOCSO+monetary value of permanent role benefits e.g. medical card, dental, etc] x desired increment factor
Any other rules of thumb or advice please?
Manpower supply is part of my business. Here is some rule of thumb.
Your current permanent roles salary, when you expecting to rollover to contract roles, always mark up 50% or more. DO NOT SETTLE FOR LESS.
Contract roles, typically calculated by day rate, no work no pay. Hence, your expected salary (monthly), must always divide by 20 days, jangan cari nahas day rate calculation to be divide by 30 days, some recruiters & headhunters seldom share you this.
Some of manpower supply agencies can waive or lower for the insurance package for a higher day rates.
If you dont want to suffer for higher monthly PCB deduction, opt for PO basis salary, you need to open your own SSM Enterprise, and submit monthly invoicing to the manpower supply agencies.
Hope this help.