Contractor5's profile picture. I teach you how to double your current salary moving to contractor
Learn the secrets your employer doesn't want you to know.
10 years as a Contractor
Portugal.

Software Engineer - Contractor

@Contractor5

I teach you how to double your current salary moving to contractor Learn the secrets your employer doesn't want you to know. 10 years as a Contractor Portugal.

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I'm a senior software engineer with almost 10 years of experience working as a contractor. (6 reasons you should consider it for you) (number 3 is a gem businessmen don't want you to know) >>Thread<<


Life hack: - Remote work from Portugal - Client in North Europe or US - Freelancing or Contractor Move to a smaller city with a low cost of living. Retire in 10 years.


Achas que a carga de impostos que pagas são um absurdo e queres mudar isso? tens 3 hipoteses: 1- Votar IL e rezar para que sejam eleitos (boa sorte) 2- Emigrar para um pais com uma menor carga fiscal 3- Abrir uma empresa e passar a prestar serviços como contractor


Qualquer telefone com valore ate 1000 euros tem uma amortização de 1 ano e nem entra para o imobilizado da empresa. Além disso o IVA é dedutivel.


Acabei de ajudar um colega a negociar um aumento. O valor do aumento sozinho vai-lhe pagar a prestação mensal que tem da casa e do carro e o cliente vai ter praticamente o mesmo custo com ele 🤷‍♂️


Software Engineer - Contractor reposted

Web4.0 should be about kindness on the internet. How disruptive would that be?


Há uns anos estava a trabalhar na sede de um cliente. Um dos administradores telefonou à empregada para ir buscar o rainbow (aspirador de 3000€) a sua casa para o ter no escritório no dia de uma fiscalização. Ser administrador trás vários perks associados.


Sabias que os administradores das empresas praticamente não têm despesas pessoais? Jantares e almoços? despesas de representação. Viagens? deslocações de serviço. Telemóveis, planos de net/voz/tv? custo da empresa. Aspirador topo de gama? Equipamento de escritorio.


Sabes quanto custa o teu ordenado? Salário bruto x14 + 23,75% TSU + Seguro trabalho e formação Um ordenado bruto de 50k/ano custa ao empregador ~63k. O empregado leva para casa ~30k Como contractor consegues ter uma liquidez de 40-50k com o mesmo custo para o empregador.


Num pais socialista como Portugal é possivel trabalhar num modelo liberal. Abre a tua empresa e cobra serviços de consultoria. Tens mais flexibilidade fiscal e consegues negociar melhores valores com o cliente.


Some companies try to hire contractors but cannot find them. People are scared of earning more money because: 1) they don't know their value. 2) they are mislead by the promise of a contract without term. 3) they don't understand how the contractor model works.


Software Engineer - Contractor reposted

Consulting companies business model relies on paying low salaries and selling high rates. There is an incentive to keep "low cost" resources and "sell them" as experienced tech gurus. Clients know this but there is so much need to hire they eventually have no option left.


Software Engineer - Contractor reposted

Contractors can earn more because: Companies are willing to pay more for immediate availability and/or flexibility. There are huge tax benefits for contractors. And there is a catch: If they like you, there is a chance they would not let you go in the end of the contract.


Software Engineer - Contractor reposted

The culture of a company is revealed by their actions, not by what is written in their website.


Software Engineer - Contractor reposted

Job interview tip: never, ever, reveal your current salary. Just say how much you want to earn.


In many industries precarious employees are exploited with low wages and no rights. They are replaced in the end of the contract and go jobless without any compensation. In IT this is seldom the case. In the end of the contract there are new opportunities for a raise.


A contractor can get ~70-90% of net income. With 60K/year charged by software services, A contractor can get ~40-55K of net income. It is a big improvement of net income an employee would get for the same expense for the employer.

In Portugal we have decent salaries in IT. The biggest problem are high taxes. A company with a 60K/year budget to expend in salary will be left with around 44K (after paying TSU and other obligation) 44K Gross will give a NET SALARY of 27K.



In Portugal we have decent salaries in IT. The biggest problem are high taxes. A company with a 60K/year budget to expend in salary will be left with around 44K (after paying TSU and other obligation) 44K Gross will give a NET SALARY of 27K.


Software Producer could hire a top talent contractor for the same rate being paid to Consulting Company B. Hiring contractors allow: - higher paying job - more employee satisfaction - more retention - resource allocation control - direct rate negotiation

Contractor5's tweet image. Software Producer could hire a top talent contractor for the same rate being paid to Consulting Company B.

Hiring contractors allow:
- higher paying job
- more employee satisfaction
- more retention
- resource allocation control
- direct rate negotiation

There are consulting companies that hire developers to be put in client A. Client A is itself a consulting that puts the developer in client B. Client B develop custom software for client C. Client C is paying all the margins for that developer. This is common in 2021.



There are consulting companies that hire developers to be put in client A. Client A is itself a consulting that puts the developer in client B. Client B develop custom software for client C. Client C is paying all the margins for that developer. This is common in 2021.


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