I’m looking for some advice. Currently in a permanent role with federal gov. that pays $100K and provides defined benefit pension.

Just got offered similar role for another federal agency for 1 year contract (with potential to extend) for $200K. Contract role does not have benefits and pension as its a consultant-based role.

Trying to decide next steps. Any advice would be appreciated.

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

Do not leave your perm job for a contract position, it will not likely extend and you will loose stable job.

Here is the breakdown after taxes
Income : 200000 for 1 year
After tax : 124,515

Income : 100000 + PEP + benefits
After taxes : 70,000

I do not see much difference, work on side gig, most contract temp jobs in govt remains temp.

like

That doesn't sound right at all. Why would you pay 38% taxes on a 200k income as a contractor. As a contractor, there's literally dozens of ways to reduce tax by deducting expenses from your income.

I’d say take that 200k role(if it is ~1 yr) worst case scenario you’ll land another contract or full time role in that range later

like

Ok, what did OP end up doing & why ?

Do you think they will extend you? Also wondering what field is this

like

Digital Health.

Try to crunch the numbers with an accountant (if need) if you have to pay taxes on that 200k

like

Good point. Will definitely have to pay taxes.

Take the 200k role

I see it as there always opportunity to go to a pension’d job. But unlikely that you’ll get a job that will pay you what you get in 2 years in 1 with your current role

like

Take the $100k with benefits and it's not contract

What are the details of your defined benefit plan? The details make a big decision on going to which option… if you provide the details it would be easier to provide a recommendation

Related Posts

Hi Fishes..!!

I am currently working in LTI with Senior Specialist role with overall almost 10 years of experience and my skill is Unix Administration.

I am being offered Canada Onsite from my organization, I am having Indian salary of 20LPA. What should I expect my Canadian Salary to be?

What is the average salary offered by Indian companies for similar experience for ICT Visa?
What is the average cost of living in Toronto?

Answers to any of these questions would be appreciated..!!

like

How is the final settlement calculated at Accenture? Notice period is 3 months.
Will I get normal monthly pay for the first two months? I'm leaving after completing 12 months.

like

I work in healthcare administration but was a medic for years. You learn so much about innovation but seems like most health systems just want people to fall in line and just do what's always been done. I would take a pay cut to work for a system that's actually trying to do something disruptive in the Industry as opposed to just using buzz words in ppt.

like

Hello guys, i want to know what's is the salary we can expect for Engineering Lead in Infosys.for automotive design and development field.

like

Anyone work for Ensemble Health? How much do they pay for the Credit Balance Specialist role?

like

Any insight on CAIA? Difficulty and whether it impacts salary?

like

Hi Fishes,

What is average salary offered for senior product manager at S&P global market intelligence? Yoe-7 relevant-5

I am being offered 26lpa which includes 15% variable component plus employer contribution to PF. So, the fixed component is just 21. How much more can I negotiate for? Have existing offer of 23l (all fixed)

S&P Global Hi All, can anyone please help me with salaries of SDE 2 at 9 grade for 5.5 YOE.


I’m in negotiations this would really really help S&P Global

like

Pepsico PepsiCo or S&P Global....
Please suggest.
Roles:- Product Analyst - PepsiCo. Product owner - S&P Global India

CTC is very similar

Got an offer, Level 5, Proj Manager. 41% Hike. Should I switch from JP morgan Chase?
hows WLB, Job Security for Level 5?
appreciate all the inputs

PI/med-mal associate in my 7th year in a small firm in the Cleveland area - my total awards to date are over $11M on cases I’ve been the primary mover, and I typically am getting $1.5M a year in total results. Does that sound like too little for my experience level in this field? Fees are easily 4x my total compensation.

like

Hi 👋🏻 Would love some support here - looking to build out a bonus structure for a Sales Engagement Mgr role - it isn't a typical sales role - this person will be closing deals but not necessarily securing leads. If they will be scoring leads, it will be organic via conferences, partnerships. Of course, we want to encourage and incentivize this person. Potentially giving then an extra 20-50k bonus potential. How do I build this out? Any suggestions or examples would be super helpful. Thank you!!

What is the average L4 customer engineer TC for Austin, Texas?

like

What is the starting salary for a strategy consulting analyst at deloitte?

like

What is the best package one can get in current market scenario in SAP FICO S4 HANA
YOE- TOTAL 7.2 YRS
RELEVANT- 5.2 YRS
SAP S4 HANA CERTIFIED
ALSO PURSUING CHARTERED ACCOUNTANCY ( ACCA ,UK)

PLEASE NEED SUGGESTIONS GENUINELY, PLEASE HELP

like

What is avg CTC of consultant B2 grade in CG ?
will the HR'S are ready to negotiate if any counter offer provided to them ?

like

Salary range for lead analyst (band 28) non tech?

like

Deloitte GPS 🐠
How do your year end raises typically look? How about bonus’s?
Is it any better than the 2-4% Booz typically sees? Trying to gauge growth and salary is a big aspect of that

like

Any info on salary and bonus for A&M corporate transformation services directors? Glassdoor has v wide ranges..

like

Hello Fishes,
Thinking of applying to airbus
What is the approx package for a person with 4 to 6 YOE?
I come from mechanical background. Does Airbus consider that?

like

More Posts

Data science consultant. 3 years exp, AWS developer, and masters in stats. What's a good range?

like

Looking at switching roles from an automotive sales manager to a dealership relationship manager with a lender. Trying to get an idea of what salary/total comp looks like if I move to the lending side. Any insights?

like

Has anyone gone through Pathrise? What was your experience?

like

After spending 40 yrs in education. As a special Ed high school teacher, what kind of part time job can I do either from home or close by?

like

Should you mark that an Employer should not be contacted if asked on application? EEOC Discrimination COMPLAINT FILED during Pandemic. Contract was not renewed!
Are past employers contacted without being listed as a reference?

like

Hi all,
Q1: Are there many onsite opportunities at EY GDS?
Q2: If yes, how is the travel policy? Basically how company supports international travel of employees?
@EY

like

What’s a reasonable amount of OG questions to do per day?

like

Anyone have any insight on ARES (Accenture Real Estate Solutions??

Does publicis sapient have RPA-Uipath projects?

like

For the people who went back to school to pursue a totally different career, what did you do for work? I don’t think I’d be able to do both my current job and school. I did retail in college and that probably isn’t so smart right now. Neither is working at a restaurant. I don’t think I can go back and live with my parents. I feel like I’m stuck.

like

This is the compensation details I received in offer letter. Won't they provide the actual salary break up that contains basic pay, other deductions etc?

Post Photo
like
like

Firm: "Bring your authentic self to work!" Me: " I drink and say 'fuck' a lot."

like

Tips for becoming more independent as you progress from junior to midlevel? I am starting to be put into the position of just having to handle things including drafting and could use some advice from others.

like

Hey guys, so I have competing offers. One at Bank of America for 124, and one at Allspring for 110.

Does anybody work at Allspring? They did not provide any information regarding benefits, 401k match, or any annual bonus structure. I was told, verbally, that the Bank of America bonus is something like 15 to 20%, but nothing in writing.

Just wondering if anyone has any knowledge about compensation structure at Allspring, or any opinions on the culture there. I would be in Charlotte.

like

Does anyone know what it's like for EA's @ MongoDB?

like

At McK does integrative = generalist? Or are practice aligned consultants also integrative

like

Off Topic Question.
For the people from Pune in Bangalore, where do we have Tulsibaug like shopping place in Bangalore City?

like

Who is looking for ADs? New York, Chicago or LA

Additional Posts in Canada Compensation

like

Requesting people to share their comp. I can start first. Role: Developer YOE: 2 Base: 100k

like
like

Northern Credit Union

like

Does 130k in total compensation with a flat annual bonus of 5k, sound like a fair offer for 12 YOE in software implementation and now Technical Account Management, in Ontario?

like

Is it possible to get a Sr. Project Manager role or delivery lead at one of the big consulting agencies without having to travel an absurd amount and get paid 150k plus in total compensation?

What should the compensation be for a client onboarding manager in a big financial company?

like

Whats your TC and YOE in Canada? I'm at 130k with 8 YOE

like

Salaries have really been spiking. I am curious what the salary for a Principal/ Junior Partners would be in a mid-sized accounting firm now. In January I was approached for $200K for a senior manager role. Now a head hunter has approached me with $225K.

like

What are Canadian FAANG TCs looking like?

like

What is salary range for l07 at TD?

like

Anyone know the comp for electronic arts associate development manager?

Not compensation based... but this is the largest Canada bowl so here goes..

Am on the look out for Senior or Mid level Android developer roles that offer relocation to Canada. I have 6years of Android(Java/Kotlin) experience, 2 of which are in leadership and 2 years of experience building MicroServices(Javascript, Typescript) resting in AWS(CloudFormations, OpenSearch,DynamoDB, Cognito and Lambdas).

Any leads?

like

Hello Community,

I am interviewing for a senior consultant role in Salesforce practice at a big4 firm. What should I expect as a compensation?

like
like

I'm working at a mid tier company as an SE II based out of Toronto, my base is 120k, some stock options and RRSP matching. Is this a good compensation for someone with a masters in Computer science (Canada) and 4+ years of work ex?
What are people working in amazon and Microsoft earning here in Canada? I know the salaries in US are outrageous for these companies.

like

Wondering how much a lead product manager in Mastercard at level 6 will be compensated in Vancouver? Can someone in similar role or level shed some light please?

like

Anybody got pay adjustment this year due to inflation?

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal