Would you leave a permanent job for a higher-paying contract in this market? I've been offered a contract position that offers more money, but I'm not sure I should be leaving a secure full-time job right now, even though I'm underpaid. I’m probably going to pass on it because of how volatile the job market is, but I’m curious about what others might do if they were in this situation. Is the extra cash worth the risk?

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Having contracted for a while now and desperate to get back to FTE, I probably wouldn’t. But it depends how long the contract is, the difference in compensation, what the market is likely to be like when the contract ends, and how strong your network is. Don’t forget that contractors often pay their own healthcare and usually don’t have other company benefits like 401k match. So make sure to consider the total package where you are when comparing. It also matters how you plan to use the pay bump.. like if it helped you open a new business in a year that you couldn’t otherwise (just for example).

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I would consider the actual tangible package. Depending on your age, for example, a 401k might or might not make sense, having funds you can’t use for the next 30 years its not helpful, specially when you don’t have any guarantees you will get there alive.

In contrast, if you need the extra money to invest it on your own or in a different way, that will move the needle vs if you have no plans at all and are just thinking on extra few dollars with no purpose.

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I’m with you. I think it’s been the last five years really.. I’ve seen many switch jobs like it’s nobody’s business but I’ve only changed when I really needed to

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