Advice needed.

I recently got a job offer for 40% salary increase and manager title. The position is also remote. However, this is a fixed term contractor position and only lasts 6 months. The company is also significantly smaller and less known than my current company. Suppose I won’t get promoted until late next year at my current firm, should I take the offer?

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Risky to take a contractor job in this potential environment if we go into a full blown recession.

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I doubt it would hurt your resume.

If you could set aside the increased pay to fund a rainy day stash then you could luck out and find another gig at the end of the contract or it may end up extended. That is a calculated risk to take and is solely based on your aversion to risk. Personally, I would not do it in the current labor market.

likehelpful

Personally wouldn’t take the risk of 6 month salary and title bump for a temporary position. Good to keep your job and keep hunting for FT positions like this one.

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Since its a contract, can you do it on the side? Assuming it’s not in violation of your current work contract.

likefunny

Valid question lmao

Nope

Personally, I would not take the contractor position due to 6 months and no benefits. As many others have mentioned in comments, very risky in this economy…

Would you be a w-2 employee or 1099 contractor? If 1099, it’s not a 1:1 comparison to current salary. don’t forget about self-employment taxes, insurance, 401k matching, other benefits. Likely much closer than 40%, especially at senior level

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