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Yes I have, and yes it would be lower. There's even a conversion formula companies use. Basically take the extra social security tax they have to pay, and subt
by ars 7y ago
Yes I have, and yes it would be lower. There's even a conversion formula companies use.
Basically take the extra social security tax they have to pay, and subtract that from salary (adjust a bit since the lower salary also lowers the tax).
If they cover health insurance then subtract that as well.
> This simply isn't true.
It's lovely hearing that something I've actually experienced is not true.
I switched from contractor with flexible hours, to employee full time (with the same company), and my take home was lower as an employee, but then again I got health insurance.
If I had to do it again I would have stayed a contractor: I made more money, and I could shop around for better health insurance.
The company might have said no and/or given me fewer hours, so I guess that's a negotiation I would have done.
Of course in California the choice would be taken away from me.
- gregd 7y agoI've been a self-employed IC with numerous large clients and I currently work for a company that I'm an actual employee, but my company contracts me out to another company. I've done this for over 15 years and none of what you're describing has been my experience. Did you even negotiate the transition or did you just accept what your company told you? How often have you gone through this?