7/7 So nobody has any experience with going from full-time employee to
contractor? I'm going to post my question on various message boards
on the net and see what I get. I'll summarize the responses here if
I get something interesting. Thanks.
\_ Did it, but not directly to the same company. Also, I'm not
very familiar with the way US jobs function, but being able to
pull that sort of thing off here really depends a lot on both whom
you know, and whether you've done a very good job when you were
permie--word gets around. The lack of perceived job security (as
if there is such a thing) and routine (not the work itself but
the trappings, like having the same desk every day) was tough
to get used to. -John
\_ I'll bet the answer is still that no one has been that foolish.
\_ From my experience in HR/recruiting, employees who go from FTE
to contracting at the company are really just arranging an 'exit
plan.' With rare exception, anyone who does this is sending a
message that they are moving away from commitment. --chris
\_ What's it mean if the company wants the change?
\_ As notice period is short in the US, it probably means
they want to cook their books a bit differently--contract
and permie salaries go on different accounts/budgets in most
companies (fixed vs. variable costs or something. -John
\_ does the op really mean doing this transistion w/in the same
company? after readint the post I thought he meant FTE at
some co. to contractor elsewhere or in general.
\_ oops, i interpreted the post as "within the same company" -- i
have a friend who's trying to do this right now, and it's
tough going on a perception level. i myself have gone from
FTE to contractor at a _different_ company -- not too hard,
it's mostly a mindset change. --chris
\_ Legally the company can not let you go from FTE to contractor with-
out a waiting period. This is for the employee's protection. Not
for the same company.
\_ What if both parties agree on it? -John
\_ No. That's the point of the law so a company can't force a
FTE into an hourly contract and fuck them over.
\_ Finally some responses! I meant going from FTE to contractor in
the SAME company. I like this company and I like my boss. I just
don't give a damn about stock options or medical insurance. I
have not been sick in four years, so any medical insurance I get
is the high deductible hospitalization kind. And it's cheap.
And I also want to take full advantage of the tax shelters with
being self employeed. Thanks for all the responses so far. This
is useful.
\_ Illegal. You need a 6 month gap between your last FTE paycheck
and your contract start date.
\_ Been there done that. Not illegal. Wanna cite a reference?
\_ It can be tough. You have to do all your own billing, insurance,
taxes, etc. You should charge at least 30% over what you make
now. You might see if you can find a consulting company that
will do all of the overhead stuff for a mimimal cut. Your
tolerance for paperwork must increase. Remember the magic
phrase "You don't get paid unless you bill hours. And then
they have to approve the billing." Beware of traps of working
unapproved (and thus unpayable) overtime, unobtainable goal
and deadline payments, and sheer overwork. |