03-03-2016, 03:27 AM
The majority of contract positions we have through the company I work for are Contract to Direct Hire placements. (I work for the recruiting firm itself).
Or often end up with significant contract extensions.
Big downsides to contract work are as follows:
No vacation
No benefits
Manage your taxes yourself (you WILL most likely have to pay taxes, I recommend taking a full 30% out and throwing it into a savings account, and yes, I know you have to pay taxes on earned interest too, but this is usually pennies).
Benefits of most contract work
You are not tied down (you can move)
Usually a pretty hefty paycheck when you do get it (if it's a good contract).
In many cases, you get to work from home (depending on the kind of work).
Many expenses might get covered for you through the contracting firm and/or company you are contracted too.
Most expenditures when related to the job that are out of pocket for you can be used as tax write offs. (this applies on all counts really, if the company you work for does not reimburse you for something you use at work).
You get that "experience" so many employers want you to have that you didn't get right out of school.
I know there's more on the cons and pros. But it's up to you if you take it.
Or often end up with significant contract extensions.
Big downsides to contract work are as follows:
No vacation
No benefits
Manage your taxes yourself (you WILL most likely have to pay taxes, I recommend taking a full 30% out and throwing it into a savings account, and yes, I know you have to pay taxes on earned interest too, but this is usually pennies).
Benefits of most contract work
You are not tied down (you can move)
Usually a pretty hefty paycheck when you do get it (if it's a good contract).
In many cases, you get to work from home (depending on the kind of work).
Many expenses might get covered for you through the contracting firm and/or company you are contracted too.
Most expenditures when related to the job that are out of pocket for you can be used as tax write offs. (this applies on all counts really, if the company you work for does not reimburse you for something you use at work).
You get that "experience" so many employers want you to have that you didn't get right out of school.
I know there's more on the cons and pros. But it's up to you if you take it.