How much do you earn?
Discussion
98elise said:
cat with a hat said:
wormus said:
It’s interesting but difficult as changing people and culture is more tricky than putting in a load of new systems. Also many large businesses just throw money at it, normally outsourcing and therefore abdicating responsibility to a third party, only for it to fail.
Ain't that the truth 
If you don't mind sharing.. How did you get into it?
I'd take a wild guess at DevOps or management in IT?
Edited by cat with a hat on Tuesday 26th December 08:56
Good money can be made contracting in any field as long as you are good at what you do. I'm an average BA contractor so earn average rate. A good friend of mine is a top DBA and his daily rate is more than double mine.
I'm in tech product management at the moment. I like the variety, understanding how things work and getting to research/deep dive into particular areas due to projects. However, I'm still undecided where to go long term to progress my career as I've never been a developer (other than hacking my own stuff together) and I'm too incompetent to go too senior or towards architecture.
I seem to enjoy learning and sharing my 'wisdom' so I'm wondering if this is something to consider later down the line.
cat with a hat said:
A bit of both to be honest.
I'm in tech product management at the moment. I like the variety, understanding how things work and getting to research/deep dive into particular areas due to projects. However, I'm still undecided where to go long term to progress my career as I've never been a developer (other than hacking my own stuff together) and I'm too incompetent to go too senior or towards architecture.
I seem to enjoy learning and sharing my 'wisdom' so I'm wondering if this is something to consider later down the line.
You don’t need to be a techie although it helps me have broader conversations about service delivery having come from that background. Product ownership’s value is understanding and articulating “what” needs to be achieved and measuring the success/outcome. It’s an important role which many IT folk don’t get. They are more concerned with “how” things get done and project delivery. If you can point to a couple of key initiatives where you added £xxx million commercial benefit, improved the organisation and the way it runs , you’ll become attractive to other businesses that also want to change but don’t know how.I'm in tech product management at the moment. I like the variety, understanding how things work and getting to research/deep dive into particular areas due to projects. However, I'm still undecided where to go long term to progress my career as I've never been a developer (other than hacking my own stuff together) and I'm too incompetent to go too senior or towards architecture.
I seem to enjoy learning and sharing my 'wisdom' so I'm wondering if this is something to consider later down the line.
I’d say the biggest requirements are being good with people, managing company politics and demonstrating value quickly. People don’t like change so you should bring them along for the journey so they buy into it.
Edited by anonymous-user on Tuesday 26th December 12:22
f1nn said:
96k per year, as an employee, working from home half the week, which I think is half decent.
Massively above the national average, but probably far closer to my local average, and as a result, feel no better off than I did earning half that a few years ago.
Wife earns about 12k per year, working part time, so if you take our combined earnings the picture starts to look a bit different.
And that is the trouble with threads like this, the numbers mean very little, as everyone will be in different situations and times of life.
This is a very good point.Massively above the national average, but probably far closer to my local average, and as a result, feel no better off than I did earning half that a few years ago.
Wife earns about 12k per year, working part time, so if you take our combined earnings the picture starts to look a bit different.
And that is the trouble with threads like this, the numbers mean very little, as everyone will be in different situations and times of life.
My salary on paper suggests I'm wealthy, but we're a single income household.
2 people earning £35k each take home more than a single earner on £100k. Even more so if they have kids.
Guess who is perceived to be the rich one? Guess who Corbyn will tax more?
oyster said:
This is a very good point.
My salary on paper suggests I'm wealthy, but we're a single income household.
2 people earning £35k each take home more than a single earner on £100k. Even more so if they have kids.
Guess who is perceived to be the rich one? Guess who Corbyn will tax more?
How does that work then?My salary on paper suggests I'm wealthy, but we're a single income household.
2 people earning £35k each take home more than a single earner on £100k. Even more so if they have kids.
Guess who is perceived to be the rich one? Guess who Corbyn will tax more?
https://www.moneysavingexpert.com/tax-calculator/
wormus said:
S9JTO said:
Sounds like DWP/HMRC
On-line retail mostly, started with .coms in the late “90s, moved onto pure players/technology-led brands through the 2000s for the past 7 years been concentrating on large retail brands. Retail is the most difficult as for many it’s a race to the bottom and I think we will see many more go out of business. I’m changing sector in the new year which I’m very much looking forward to.
Edited by wormus on Tuesday 26th December 08:50
Countdown said:
johnwilliams77 said:
oyster said:
2 people earning £35k each take home more than a single earner on £100k. Even more so if they have kids.
Utter nonsense. when you are a business owner, how much do you earn???
it's a movable feast, is it what you draw down or the EBITDA of the business divided by your shareholding.
When you have access to more than you need, you generally seek to minimise your drawings to be tax efficient, this skews the numbers significantly.
I draw a small percentage of what i could take.
it's a movable feast, is it what you draw down or the EBITDA of the business divided by your shareholding.
When you have access to more than you need, you generally seek to minimise your drawings to be tax efficient, this skews the numbers significantly.
I draw a small percentage of what i could take.
Nanook said:
Greg_D said:
when you are a business owner, how much do you earn???
it's a movable feast, is it what you draw down or the EBITDA of the business divided by your shareholding.
When you have access to more than you need, you generally seek to minimise your drawings to be tax efficient, this skews the numbers significantly.
I draw a small percentage of what i could take.
The issue there, is that when you do want it out of the business for a new car, big holiday, extension on the house etc. you're going to be paying lots of higher rate tax all at once. it's a movable feast, is it what you draw down or the EBITDA of the business divided by your shareholding.
When you have access to more than you need, you generally seek to minimise your drawings to be tax efficient, this skews the numbers significantly.
I draw a small percentage of what i could take.
I'm potentially about to be in a position where I don't need my limited company any more, there are some reserves built up in there, and I'll probably end up dumping it into a pension at £14k/year or whatever I'm allowed, so I don't end up paying so much tax.
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