{ "media_type": "text", "post_content": "How common is it work as a contract employee through a recruiting agency? If the rate offered is high enough and role is somewhat similar to current one, worth leaving full time job for?\nAs a W2 contract consultant - do you think there can be surprises in amount of taxes we have to pay individually? \nAlso any hidden salary benefits of full time employers? (Except insurance, 401k, PTO, phone)", "post_id": "6130f390dc1016002cc5c3e2", "reply_count": 5, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

How common is it work as a contract employee through a recruiting agency? If the rate offered is high enough and role is somewhat similar to current one, worth leaving full time job for?
As a W2 contract consultant - do you think there can be surprises in amount of taxes we have to pay individually?
Also any hidden salary benefits of full time employers? (Except insurance, 401k, PTO, phone)

like
Posting as :
works at
You are currently posting as works at

Very common.

If you are an independent contractor (1099 income) it means you pay higher employment and social security taxes (basically paying the employer’s share).

If an independent contractor you do not get health insurance, 401K, or any other benefits. You have to pay for all those yourself out of pocket.

If *not* an independent contractor, you’ll get the usual stuff as an employee of the staffing agency, rather than their client. But they don’t have much incentive to give good benefits.

You should be making at least 50% extra per hour to cover the costs of being an independent contractor.

like

If it’s W2, taxes should be effectively identical for the same pay regardless of employer.

1099 instead of W2 is where you get hit hard with a lot of taxes the employer would have had to pay.

like

Related Posts

Exit opportunities with Big 4 individual tax background?

likefunny

Additional Posts

How do “levels” at Google work? How do I know which level I can come in at (for non-technical roles)?

like

Exit opportunities with Big 4 individual tax background?

likefunny

Cardano is going to change the world.

like

How are my fellow Fall 2021 admits staying motivated at work? Only have a month left and DGAF so bad right now

like

I'm a first time mom and feeling really overwhelmed with baby stroller options. I've determined that I want a convertible travel systems that can accommodate a second child in the near future. The stroller market is very overwhelming and I'm struggling to understand all the options and brands. I really just want something that will last and can be used from infancy through toddler with a light car seat attachment since I'm petite. Any recommendations from your research or personal experience?

like

Can anyone explain why Umi is rated so poorly on Google despite being raved about on this bowl? Taking my team out here and wanting to make sure this sushi is as good as you can get in a non-coastal city

Post Photo
like

Let's take this offline and regroup later. I want to make sure we align on this.

Post Photo
likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or

General

Legal