5 ms·
As a contractor you don't get paid holiday (incl bank holiday) or sick days. That by itself can account for 20% of pay, not counting other benefits.
by polskibus 8y ago
As a contractor you don't get paid holiday (incl bank holiday) or sick days. That by itself can account for 20% of pay, not counting other benefits.
- lotsofpulp 8y agoMost salaried people have 7 to 9 holidays per year, and if you’re lucky and highly paid, maybe another 4 weeks paid time off. 6 weeks of paid time off divided by 52 weeks is just 11.5%, and that probably puts you in top 10% of the population in terms of paid time off.
- C1sc0cat 8y agoOnly in the USA - I had 30 days when I joined part of Relex in the UK
- akvadrako 8y agoBut contractors do get paid overtime.
- bsenftner 8y agoha ha ha ha ha! Long ago companies figured out to pay by the "work unit", and unless you are working 50% to 100% more then your paid time you are under performing and at risk of being fired.
- mancerayder 8y agoTrue, but on the flip side the contractor gets paid per hour (unless they're daily), whereas the salaried employee has no idea how many hours he/she will work. It's not said in interviews (although "this is not a 9 to 5 shop" is common here in NYC). It's also not written in the employment contract. It's a wildcard, and gets worse due to instability in the environment or team competitive culture or crazy upper management or a million other things.
- citizens 8y ago"this is not a 9 to 5 shop" - this just gave me flashbacks.