9/25 salaried vs. contracting, which is better?
\_ monthly wage vs. hourly wage. lots of benefits vs. minimal
benefits. Same scene vs. constant change of scene. Of course,
many other factors.
\_ how about if i want to maximize cash income?
\_ Salary, with up to 20% into 401k (if you're talking
about maximizing over long-haul)
\_ depends on the contracting company and how much they skim off
(50-70% at Taos for instance) vs how many benefits they give
(Taos is generous there by comparison to some)
\_ 'give' is the wrong word for taos -- they 'offer' and you have
to remember to go and take it. Otherwise you get nothing...
\_ I get 90K on salary or 150K on contract. Which is better?
\_ Salary. They're paying health, various taxes, etc that
you're sposed to pay both halves of on contract.
\_ Nope. Taxes are identical if you are W-2.
\_ Contract is less stable. If the company or economy is not
doing well, contractors are the first ones out.
\_ Not always. Schwab laid off 60 IS employees in '95, 0
contractors lost their jobs.
\_ that's cause the HR people at Schwab are absolute
MORONS. Them, and whaterver IS bigwig is linked to them.
(I've had a good look at the inside of Schwab. Not
a happy place)
\_ Salary, there's potential to be rich with stock options
(if company is good).
\_ Name one person you know personally who has hit it
rich with stock.
\_ *@inktomi.com
\_ Most of my co-workers made hundreds of thousand in stock
options from the 1995-1996 stock waves.
\_ Real cash or just theory money? |
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