Originally posted by: crisp82
Benefits from Contracting I've noticed from so far = $$$
Contracting pays a bit more upfront, but you lose it again for any vacations or holidays you may take. Also, there are no benefits and unless you plan on becoming a hotshot consultant, your career pretty much stagnates throughout your contracting term. I am experiencing this first hand even though I've held a very stable contracting position for over 3.5 yrs so far. In this economy, I would think a permanent job is better.
Beginning stages of career:
Permanent is better, you get a smoother learning curve and have the luxury of learning from more experienced people in your company. Also, your resume gets more credibility.
Early to mid-career:
Contracting is better, you make more money, quicker and probably don't mind moving around or living a minimalist lifestyle if needed.
Mid-career:
Permanent is better, you are probably starting a family and need to be stable. Also, you get an opportunity to progress to higher designations in your field.
Late-career:
Consulting/Contracting is better, you make more money and you have enough saved up to let you pick and choose assignments.
- that is, if you have a decent amount of luck and have planned out your career well. I am getting into the mid-career stages and would really prefer a permanent position now - though they are very hard to come by