3 ms·

I can't speak about other European countries, but in France, an employment contract gives you an insane amount of security. If you're made redundant, you get pa

I can't speak about other European countries, but in France, an employment contract gives you an insane amount of security. If you're made redundant, you get paid 60-70% of your salary for up to 2 years, you get loads of paid maternity leave. You get a nice state-funded pension. You get free healthcare (including dental and glasses). You get 100% sick-leave coverage. You get mandatory training. You get access to job promotions inside companies. It's much easier to get a mortgage or just to rent. And you don't have to also work on finding the contracts. So, you need to more than double your salary to get the equivalent billable rate, and that's assuming you never have issues finding work to do.

mamon 9y ago
You know what else gives you insane amount of security? Insane amount of money in your bank account :) If you are working on B2B contract, making 750 euros per day you'll quickly accumulate savings, and having 100-200k euro in your bank account allows you to not be worried about where to find your next contract. Also, if you are running business in Europe you are still paying social security fees for yourself, so you still get that "free" healthcare, pension, and even sick leave coverage. As per mortgage, you still can have it (although with all your savings you'll probably never need it), provided that you run your business for at least a year and have regular cash flow. The one disadvantage is that leadership roles and promotions are usually reserved for permanent employees, although some companies employ team leads or PMs on B2B contracts as well.