From: Scott Morris (swm@emanon.com)
Date: Fri Feb 24 2006 - 12:01:18 GMT-3
All of those questions should be spelled out in the contract that you'll
sign. Make sure to look through the contract, perhaps with a lawyer. It's
not like going to purchase a car, you won't need to sign a contract in any
immediate timeframe. If you DO feel pressured to sign as if you were at a
used car lot, I would suggest that whatever the company is, is not where you
want to be working!
There certainly are risks that come along with being independent, and as the
sole income provider. I would suggest that you form your own company and
incorporate it for tax/liability reasons. But what you may not think about
in being independent:
- retirement plan
- health insurance
- Life and/or disability insurance
- taxes (self-employment tax)
- self-advertising (e.g. finding the "next" contract)
- dealing with downtime
It is not easy making the jump from something that feels "safe" to something
with risk. But like others have pointed out, you can get some great
experience along the way! Don't just talk it over with us. Talk it over
with your family too. The risk is shared with them, but so can the rewards!
Best of luck!
Scott
-----Original Message-----
From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
CCIEin2006
Sent: Friday, February 24, 2006 9:39 AM
To: Guyler, Rik
Cc: ccielab@groupstudy.com
Subject: Re: OT - Contract vs Full Time Permanent Position
Thanks for your advice Rik.
I too have a family and a mortgage and am the sole income provider, which is
why I am hesitant to take a contract.
I have seen some contracts that pay very well that are 1+ years so I guess
that's less risky than a 6 month contract. But what happens if they lay you
off before the year is up - can you sue them? Also what happens if you
decide to quit before the year is up - what are the repercussions against
you?
On 2/24/06, Guyler, Rik <rguyler@shp-dayton.org> wrote:
>
> The contracts are what they are so you should be sure of the terms
> before signing. A 6+ months contract could be a 6-month contract with
> a renewal option at the end, which could be a renewal on a monthly
> basis or another
> 6
> months. It just depends on the individual contract. There are as
> many contract types as people writing them so be sure to go over them
> very carefully.
>
> I made a jump once from a perm/FT position to a contract position. It
> was
> 4
> months guaranteed with the possibility of longer. At that time, I was
> younger and pretty much free of much responsibility and the market in
> my area was pretty good for IT guys so I didn't see it as a huge risk.
> I also made nearly twice as much as my salary at the time and I really
> didn't like my current job anyway.
>
> However, now that I have mouths to feed, a mortgage payment to make,
> etc., etc. I would not do this. I've had the chance to do it in
> recent years but I find the risk too great. If I found myself to be
> between contracts for much time my savings would pretty quickly
> disappear and then hard times would be around the corner. I won't
> risk doing that to my family.
>
> My advice to you is this: if you cannot tolerate much risk then don't
> do it.
> Just be patient and you will find a position to your liking. Don't
> burn any bridges when you leave and don't put in your notice at your
> current employer until you have a firm offer letter from your future
> employer. I've never been burned with this formula. If you can
> tolerate some risk and won't be in dire straits if you don't have an
> income for a period then go for it.
> Contract work will if nothing else give you some great experience and
> possibly open some doors while doing so.
>
> Rik
>
> -----Original Message-----
> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf
> Of
> CCIEin2006
> Sent: Friday, February 24, 2006 9:03 AM
> To: Cisco certification
> Subject: OT - Contract vs Full Time Permanent Position
>
> Hello Group,
>
> In my job search I am thinking about the posibility of taking a
> contract position.
>
> Right now I am in a stable, permanent position so I am a little
> hesitant about the risks involved with taking a contract position
> versus a full time permanent position.
>
> Lets say the contract is for 1 year, does that mean they cannot lay
> you off for a full year? If they do lay you off before the contract
> expires do they still pay you for the full year?
>
> Also with the contract positions that say duration is 6months+ does
> that mean they will renew the contract after 6 months?
>
> Any advice is greatly appreciated.
>
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