Full time vs contracting

[perugu_vada]

4 hours ago, baabaa said:

Bhayya, you look like experienced in getting contracts. Okka question, asalu ee rojullu emaina $90-$100/hr billing vache contracts untanayya. Unte emi technologies? Nenu db side, all contracts are 60-70/hr. Asalu lately 70/hr aiyte not crossing for DBA's.

@baabaa .. 90-100$/hr billing aithe ledu .. luck baunte $75/hr osthay with direct vendor .. Ledu ante 60-65/hr is very common 

100$+ billing kavali ante .. always market lo ye technology hot-cake la unte dhaniki shift avali .. which is practically not possible with family and kids

inka fte lo aithe for dba.. switch aithe with 8+ yrs exp, easy ga $160k+ ostundi salary 

[SRK_SRK]

FTE is peaceful with less money but you will enjoy life which matters the most eventually  whereas contractors who will be behind technology/work.

Work/project okka 1-2 days lekunte tension start with contractors so hard to relax and we desis generally don't take vacation/work off as we lose money to enjoy/celebrate the life.

NOT EVERYONE but MAJORITY.

[JambaKrantu]

Biggest advantage of contracting - you will not be a slave to your job. Got assigned to a team where the manager is an asshole? No issues just switch to another contract. Want to go to India for extended period? No issues quit the contract and interview from India find another contract and come back which I did several times.. If you plan properly you can always make equal to or more money compared to FT. Also you will stay more uptodate with technologies and will not get out dated..

FT - You will become a slave to your job. Manger elantodaina sachinattu you have to keep him happy.. Market slow ainappudu lay off fears.. You can get outdated working in the same position for so long..India vacation max 2 to 3 weeks based on number of PTOs available.. No chance to take up 2 contracts..

[terminator_desi]

..

 

 

[Sambavami yugeyuge]

FTE any day. No contest. I’ve done both  

If both are working, there are advantages with one of them doing C2C if you have your own company and if one of you doesn’t have career goals. 

[Vaampire]

8 hours ago, JambaKrantu said:

Biggest advantage of contracting - you will not be a slave to your job. Got assigned to a team where the manager is an asshole? No issues just switch to another contract. Want to go to India for extended period? No issues quit the contract and interview from India find another contract and come back which I did several times.. If you plan properly you can always make equal to or more money compared to FT. Also you will stay more uptodate with technologies and will not get out dated..

FT - You will become a slave to your job. Manger elantodaina sachinattu you have to keep him happy.. Market slow ainappudu lay off fears.. You can get outdated working in the same position for so long..India vacation max 2 to 3 weeks based on number of PTOs available.. No chance to take up 2 contracts..

Why cant FTE’s jump the ship when they have bad mgr?

[JambaKrantu]

49 minutes ago, Vaampire said:

Why cant FTE’s jump the ship when they have bad mgr?

FTEs jumping ship is not as easy as contractors jumping ship. I personally myself have worked with 6 different clients in the last 2 years offcourse some are for multiple projects. In FTE there is no such chance..  Finding a FTE H1 sponsor is not as easy and FTE hiring is usually a long process multiple rounds of HR interviews and team interviews and so on..

[mettastar]

It depends on career interest .. if you just want to stick to development work then contracting .. if you want to grow into management roles then FT

[terminator_desi]

10 hours ago, JambaKrantu said:

Biggest advantage of contracting - you will not be a slave to your job. Got assigned to a team where the manager is an asshole? No issues just switch to another contract. Want to go to India for extended period? No issues quit the contract and interview from India find another contract and come back which I did several times.. If you plan properly you can always make equal to or more money compared to FT. Also you will stay more uptodate with technologies and will not get out dated..

FT - You will become a slave to your job. Manger elantodaina sachinattu you have to keep him happy.. Market slow ainappudu lay off fears.. You can get outdated working in the same position for so long..India vacation max 2 to 3 weeks based on number of PTOs available.. No chance to take up 2 contracts..

you can always change manager/team right?

[Galactus]

FTEs can aim at 200k+ salaries in a single job with benefits like 401k match, Medical, Dental, Vision, Short term disability, Long term disability, life insurance for you and dependents, accidental death and disability for you and family, 3-4 weeks of paid leave, sick leave, pension in some companies etc, inni benefits neeku contractor lo ela vasthayi, people who hype contractor roles never did a good or great fte job, no offense bros, okka sari chesthe you will feel like these benefits overall are worth a lot for your mental wellbeing..

[ManOffSteel]

38 minutes ago, Galactus said:

FTEs can aim at 200k+ salaries in a single job with benefits like 401k match, Medical, Dental, Vision, Short term disability, Long term disability, life insurance for you and dependents, accidental death and disability for you and family, 3-4 weeks of paid leave, sick leave, pension in some companies etc, inni benefits neeku contractor lo ela vasthayi, people who hype contractor roles never did a good or great fte job, no offense bros, okka sari chesthe you will feel like these benefits overall are worth a lot for your mental wellbeing..

Bro 200k including everything but base will be much lower..you will never use half of those benefits like disability benefits. Sick leave anedi just ninnu satisfy cheyyataaniki ante. Try taking sick leave several times in a month and see how your manager reacts. Health Vision and Dental my mestri also offers.. Except for 401k and PTo none of the other benefits matter.. when I take a contract I always factor in 3 weeks of leave and ask for at least 10$ more. FT is more of illusion of a safety net where they make you more and more dependent on them till they let you go one day, the fear on a FTE H1’s face when they hear the word lay off is palpable. They have no other sources of income and they’re completely tied to and dependent on their company. Contracting is more dynamic and you can make more and dabble with n number of clients, have more sources of income and make 30 to 50% more money if you plan properly.. 

[CBNmyGOD]

1 minute ago, ManOffSteel said:

Bro 200k including everything but base will be much lower..you will never use half of those benefits like disability benefits. Sick leave anedi just ninnu satisfy cheyyataaniki ante. Try taking sick leave several times in a month and see how your manager reacts. Health Vision and Dental my mestri also offers.. Except for 401k and PTo none of the other benefits matter.. when I take a contract I always factor in 3 weeks of leave and ask for at least 10$ more. FT is more of illusion of a safety net where they make you more and more dependent on them till they let you go one day, the fear on a FTE H1’s face when they hear the word lay off is palpable. They have no other sources of income and they’re completely tied to and dependent on their company. Contracting is more dynamic and you can make more and dabble with n number of clients, have more sources of income and make 30 to 50% more money if you plan properly.. 

how much $ per hr you making now ?

[ManOffSteel]

3 minutes ago, CBNmyGOD said:

how much $ per hr you making now ?

2 contracts. Combined take home around 130 per hour 260k after mestri cuts..

[k2s]

On 2/11/2023 at 7:38 PM, 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 ?

In this scenario, the choice between full-time and contracting would depend on an individual's priorities and goals.

For the contractor, the main advantage is a higher earning potential with two jobs at $60/hr, totaling $240k per year. However, they have to bear the cost of health insurance, which is $14k per year including family coverage, and do not have access to a 401k plan. They also have a lower skill set, with abilities that can be replicated by someone with 5 years of experience. In the event of a recession, they are more vulnerable, as they only have one job to rely on and may lose their income if that job is lost.

On the other hand, the full-time employee has had a more diverse career path, having progressed from a developer to an AD role with leadership responsibilities. They earn a lower salary of $190k, but have access to free health insurance, a 401k plan with a 6% contribution from the company, an 18% bonus, and stocks in the form of RSUs and options. In the event of a recession, they are better protected, with a severance package of 3 months and a 2-month grace period to find new employment. However, their green card application may be delayed as a result of being a full-time employee, with a priority date in early 2016.

In conclusion, for individuals on OPT or early H1, it would depend on their priorities, whether it be earning potential, job security, skill set, career progression, or green card priority. Both options have their own advantages and disadvantages, and it's important to weigh them carefully before making a decision.

[CBNmyGOD]

4 minutes ago, ManOffSteel said:

2 contracts. Combined take home around 130 per hour 260k after mestri cuts..

Post proof or