Full time vs contracting

[Peruthopaniemundhi]

I will give a real time scenario of two candidates who is doing full time vs contracting. These two started started their careers at the same time, initially both started contracting but one guy moved to full time another person continued to do contracting, Covid start ayna 1 year ki this guy started doing 2 jobs. Now let me explain how financially and career progression wise eyla unnaru ani. 
 

Contractor: 12 years of exp

2 jobs, $60/hr earning $240k

health insurance: paying $14k including family

no 401k

skills set: good developer, high technical but any one with 5 years experience can do his job.

he recession time lo okka job poyina  inko job undi.

priority date early 2015. 
 

Fulltime: 12 years exp

Leadership role, AD role. Enhanced his carrier from developer, Senior developer, principle developer, manager and AD.

salary: $190k+free health insurance +6%  of salary contribution towards 401k+18%bonus+stocks (RSUs+options)

recession time lo he is impacted but he gets 3 months of severance (+2 months of grace period) so 5 months lo he can find something.

green card: since he moved FT, his green card is delayed and priority date is in early 2016.

So if you are on OPT, or early H1 which path do you choose ?

[sarvayogi]

G mooskuni contracting

FT is just overrated...unless you are thope of thopest in thope companies which is next to impossible

FT lo rod managers dorikite inka ante..any many relax after FT...

contracting atla kaadu...if you properly utilize you can shift jobs and tech very quick 

[Dhevudu2]

54 minutes ago, Peruthopaniemundhi said:

I will give a real time scenario of two candidates who is doing full time vs contracting. These two started started their careers at the same time, initially both started contracting but one guy moved to full time another person continued to do contracting, Covid start ayna 1 year ki this guy started doing 2 jobs. Now let me explain how financially and career progression wise eyla unnaru ani. 
 

Contractor: 12 years of exp

2 jobs, $60/hr earning $240k

health insurance: paying $14k including family

no 401k

skills set: good developer, high technical but any one with 5 years experience can do his job.

he recession time lo okka job poyina  inko job undi.

priority date early 2015. 
 

Fulltime: 12 years exp

Leadership role, AD role. Enhanced his carrier from developer, Senior developer, principle developer, manager and AD.

salary: $190k+free health insurance +6%  of salary contribution towards 401k+18%bonus+stocks (RSUs+options)

recession time lo he is impacted but he gets 3 months of severance (+2 months of grace period) so 5 months lo he can find something.

green card: since he moved FT, his green card is delayed and priority date is in early 2016.

So if you are on OPT, or early H1 which path do you choose ?

Thanks Anna ne consultancy peru chepithe vachi join ayyi monthly neeku Samarpinchu kuntam 

[vaakel_saab]

FT

[Galactus]

contracting is just cope ba, its like doing coolie job and collar eggareying type

ft is like doing coolie job but they know its a coolie job anyway so they just chill..enjoy the benefits and life..

[Sanjiv]

if your skills are mediocre and there is not much difference between your contracting rate or FT salary, go for FT.

If you are a hardcore developer demanding top dollar, FT offer will always be like 40-50% pay cut compared to contracting rate. Just stick to contracting. And if you have an S-Corp, you can contribute 25% of your salary as Employer's share (100% employer and 0% from you) towards SEP-IRA which is free money! There are many other ways you can write-off business expenses on a corp that you cannot deduct as a W2 individual employee. Travel, car, gas, maintenance, repairs, postage, office supplies, utilities, internet, phone, advertising, legal expenses, education, insurance premiums, home office rent and the list goes on... If your corp makes 175K for instance, you can pay yourself 100K as salary as the FT employee of your company (plus 25K tax-free as SEP-IRA, you pay taxes when you withdraw it and until then you can invest it) and the rest is profit to you.

There is no job guarantee in FT if you lack skills.

[Peruthopaniemundhi]

9 hours ago, Dhevudu2 said:

Thanks Anna ne consultancy peru chepithe vachi join ayyi monthly neeku Samarpinchu kuntam 

Personally I prefer FT. Because e 2 job gola is not guaranteed..

[Dollar]

How can people survive in USA by working for consultancies. 

Let say they make $60/Hr avg pay hourly rate. 20% Pay goes to Consultancy and 30% as Tax. They have to survive on $30/Hr = $4800/Month take home pay. 

 

[Peruthopaniemundhi]

9 hours ago, Sanjiv said:

if your skills are mediocre and there is not much difference between your contracting rate or FT salary, go for FT.

If you are a hardcore developer demanding top dollar, FT offer will always be like 40-50% pay cut compared to contracting rate. Just stick to contracting. And if you have an S-Corp, you can contribute 25% of your salary as Employer's share (100% employer and 0% from you) towards SEP-IRA which is free money! There are many other ways you can write-off business expenses on a corp that you cannot deduct as a W2 individual employee. Travel, maintenance, repairs, postage, office supplies, utilities, internet, phone, advertising, legal expenses, education, insurance premiums, home office rent and the list goes on... If your corp makes 175K for instance, you can pay yourself 100K as salary (plus 25K tax-free as SEP-IRA) as the FT employee of your company and the rest is profit to you.

There is no job guarantee in FT if you lack skills.

SEP IRA through contracting on H1 cheyocha?

[Vaampire]

9 hours ago, Sanjiv said:

if your skills are mediocre and there is not much difference between your contracting rate or FT salary, go for FT.

If you are a hardcore developer demanding top dollar, FT offer will always be like 40-50% pay cut compared to contracting rate. Just stick to contracting. And if you have an S-Corp, you can contribute 25% of your salary as Employer's share (100% employer and 0% from you) towards SEP-IRA which is free money! There are many other ways you can write-off business expenses on a corp that you cannot deduct as a W2 individual employee. Travel, maintenance, repairs, postage, office supplies, utilities, internet, phone, advertising, legal expenses, education, insurance premiums, home office rent and the list goes on... If your corp makes 175K for instance, you can pay yourself 100K as salary (plus 25K tax-free as SEP-IRA) as the FT employee of your company and the rest is profit to you.

There is no job guarantee in FT if you lack skills.

Ft offer will be 40-50% pay cut compared to contracting. Cool. In bay area pretty much most of them will make 200k tc as fte. So contractors make 350-400k?

[anna_gari_maata]

Full time 50% less pay than contracting

But full time 150% more peace of mind than contracting

 

If you live for money, do contracting

If you live for something better like an ambition stay in full time. For eg. FAANG throws resume in dustbin if applicant is contractor

 

 

[CuteDesiGal]

Anytime any day FT. 

[Cosmos]

Ft 

[perugu_vada]

Ipudunna situation lo .. current job(s) lo work undi job-security undi for next few months ani telisthe .. job or career switch avaka povatam better 

[CBNmyGOD]

11 hours ago, Peruthopaniemundhi said:

I will give a real time scenario of two candidates who is doing full time vs contracting. These two started started their careers at the same time, initially both started contracting but one guy moved to full time another person continued to do contracting, Covid start ayna 1 year ki this guy started doing 2 jobs. Now let me explain how financially and career progression wise eyla unnaru ani. 
 

Contractor: 12 years of exp

2 jobs, $60/hr earning $240k

health insurance: paying $14k including family

no 401k

skills set: good developer, high technical but any one with 5 years experience can do his job.

he recession time lo okka job poyina  inko job undi.

priority date early 2015. 
 

Fulltime: 12 years exp

Leadership role, AD role. Enhanced his carrier from developer, Senior developer, principle developer, manager and AD.

salary: $190k+free health insurance +6%  of salary contribution towards 401k+18%bonus+stocks (RSUs+options)

recession time lo he is impacted but he gets 3 months of severance (+2 months of grace period) so 5 months lo he can find something.

green card: since he moved FT, his green card is delayed and priority date is in early 2016.

So if you are on OPT, or early H1 which path do you choose ?

FT