{ "media_type": "text", "post_content": "Anyone moved from full time to contract type jobs? What is the difference?", "post_id": "6175c2947f97320039db7f5d", "reply_count": 14, "vote_count": 4, "bowl_id": "55375ce690f5eebe1d2a0f88", "bowl_name": "Tech" }

Anyone moved from full time to contract type jobs? What is the difference?

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Job security, taxes, and benefits are the major differences. A lot of companies treat contractors and employees the same, but without the benefits.


Losing equity and/or bonuses

The difference is that there is more commitment on your end as an FTE than a contractor. You are expected to follow company policies whereas with contracting, you aren't held to the same company-wide standards and have more flexibility. I prefer contractor tbh.

Loss of benefits is the big one. Also easier to get rid of you.

Job security is probably the biggest difference in my opinion. And overall ties to the company like E 1 said.

Never go for contract

Flexibility !

There are certainly pros and cons for each. More flexibility and control as a contractor, but no benefits and you're responsible for your own taxes.

I'm making the move now so will report back. I've taken on freelance/contract work for the last year or so now and it's convinced me to make the switch. More control over your time, more independence...but yeah, there's a big headache to sort out in terms of benefits etc. And unless you're making enough to hire a team etc, it's all on you which can be a lot of pressure. I waited until I was making a solid amount consistently before I considered making the switch

Yep let us know how it goes! Gl

Contract type jobs are a lot more flexible, where as full time you need to be there from this time to that time.

I have, and it's way more responiblity and accountability as a full time employee.

My partner went from FTE at Google to freelance. He loves the flexibility to dictate his own schedule, as he can take 2-3 months off each year. His comp has also been higher than in-house and it’s all cash. I think it works well because he’s very experienced (15+ YOE), gets health benefits through me, and has a strong network for new projects and clients. Cons include stressing about things he didn’t have to deal with before (business plan, logistics, constantly shuffling between new teams) + worrying about new work, even though it has never been an issue.

It's probably not worth it for most people working at the big tech firms to switch. But compared to many of the traditional corporate type jobs, you can potentially earn more. I doubled my compensation, but I was getting underpaid previously.

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