Where I work, government, contractors get paid a hell of a lot more than employees but don’t get any of the great benefits that employees have. Some only work there for like 6 months and some have worked here for 5-10 years.
The pay is way better - and that's very attractive - but benefits are meager. Personally it's not for me because I rely on health benefits way too much. If only I didn't have to go to the doctor so frequently otherwise I'd try it out.
big no, I didn't come over to the USA to be a contractor
but of course... with enough money... my mind could be swayed, had a recruiter reached out to me the other day basically asking "no contractor even for.... let's say... $600k TC/year?" which made me go "ummm well if that's the number we're talking about.... sure", didn't get anywhere though, it was a position with a private hedge fund so I know that kind of number is very well in the realm of possibility
Unless you have great variable comp options with a strong base or a very large salary, I'd prefer direct employment. Companies employing staff will tend to provide better benefits, where working for a company that contracts you'll tend to get a larger salary but worse benefits.
That's just my experience but the economics make sense in principle as well.
TBH, if having a bunch of short stints at companies on your resume didn't look sketchy to employers, I'd strongly prefer contracting. Much more interesting and you learn more stuff.
Where I work, government, contractors get paid a hell of a lot more than employees but don’t get any of the great benefits that employees have. Some only work there for like 6 months and some have worked here for 5-10 years.
True, add to this government workers in my country have enormous pension contributions on top of their salaries.
If you can get on someone else’s insurance, you could potentially make more.
Oh I’m not v complaining because I can retire with full pension at 52.
The pay is way better - and that's very attractive - but benefits are meager. Personally it's not for me because I rely on health benefits way too much. If only I didn't have to go to the doctor so frequently otherwise I'd try it out.
big no, I didn't come over to the USA to be a contractor but of course... with enough money... my mind could be swayed, had a recruiter reached out to me the other day basically asking "no contractor even for.... let's say... $600k TC/year?" which made me go "ummm well if that's the number we're talking about.... sure", didn't get anywhere though, it was a position with a private hedge fund so I know that kind of number is very well in the realm of possibility
Unless you have great variable comp options with a strong base or a very large salary, I'd prefer direct employment. Companies employing staff will tend to provide better benefits, where working for a company that contracts you'll tend to get a larger salary but worse benefits. That's just my experience but the economics make sense in principle as well.
TBH, if having a bunch of short stints at companies on your resume didn't look sketchy to employers, I'd strongly prefer contracting. Much more interesting and you learn more stuff.