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Home > Archive > Unix Programming > April 2004 > contract work vs employment
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contract work vs employment
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| The King of Pots and Pans 2004-04-22, 4:35 pm |
| I am full time steadily employed, making X dollars salary. I am not
getting wealthy this way.
I've been offered to join a contract team and make 2X. This may not
get me wealthy either but it's closer than 1X.
I'm aware of some pros vs. cons to both.
contract: no 401k, no medical benefits, may be lapses in work,
probably require travel around country, flexible hours, vacation
whenever you want, etc.
employment: steady, stable, 401k, medical benefits, pension,
non-flexible hours (ie 8-5 M-F), 3 weeks/yr vacation during non-crunch
time, etc.
I do not know if I am aware of all the pros vs. cons, and I want to
make an informed decision. What are other things to consider? I am
single with dogs, no debt besides mortgage, no wife.
--
The King of Pots and Pans
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| Rich Teer 2004-04-22, 5:34 pm |
| On Thu, 22 Apr 2004, The King of Pots and Pans wrote:
> employment: steady, stable, 401k, medical benefits, pension,
Steady and stable? You obviously haven't been "downsized" before...
> I do not know if I am aware of all the pros vs. cons, and I want to
> make an informed decision. What are other things to consider? I am
> single with dogs, no debt besides mortgage, no wife.
It really depends if the "contractor life" is for you. Personally,
I much prefer working for myself, but not everyone is like that.
--
Rich Teer, SCNA, SCSA
President,
Rite Online Inc.
Voice: +1 (250) 979-1638
URL: http://www.rite-online.net
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| Alan Balmer 2004-04-22, 5:34 pm |
| On Thu, 22 Apr 2004 20:42:06 GMT, The King of Pots and Pans
<King@ask.for.email.invalid> wrote:
>I am full time steadily employed, making X dollars salary. I am not
>getting wealthy this way.
>
>I've been offered to join a contract team and make 2X. This may not
>get me wealthy either but it's closer than 1X.
>
>I'm aware of some pros vs. cons to both.
>
>contract: no 401k, no medical benefits, may be lapses in work,
>probably require travel around country, flexible hours, vacation
>whenever you want, etc.
Who does the marketing and looks for the next job? Will you be paid as
W-2 or 1099? Remember that insurance and Self Employment tax (if
you're 1099) take a big chunk. Where do you work? Do you supply your
own tools? There are lots of question to ask.
>
>employment: steady, stable, 401k, medical benefits, pension,
>non-flexible hours (ie 8-5 M-F), 3 weeks/yr vacation during non-crunch
>time, etc.
>
>I do not know if I am aware of all the pros vs. cons, and I want to
>make an informed decision. What are other things to consider? I am
>single with dogs, no debt besides mortgage, no wife.
--
Al Balmer
Balmer Consulting
removebalmerconsultingthis@att.net
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