Recession tips: if you think a fulltime job is safer than a contractor

I work as a contractor in IT in Toronto, Canada.

Last Friday my employer didn’t renew my contract, so I went home without any severance package.

Should I get depressive? Should I immediately start looking for a job as a full-time employee?

With recession around the corner, is a permanent, full-time job safer than a contractor is?

fulltimesvscontracts

No.

I don’t think so.

** **

On my last day in that office, I was walking by the main entrance into the building, just to hear a loud voice:

– Hi, George, how are you doing?

The voice came from XYZ, a full time employee that got canned a couple of weeks ago, out of the blue. He was at the security desk, waiting for someone to sign him in. He had to pickup some personal items left behind in the heat of the moment when he was fired.

– Hi, XYZ, I’m OK, but this is my last day in the office. My contract was not renewed.

– Hahaaaa…. I beat you!

– Yep, XYZ. You beat me by 2 weeks!

So what do you think? Are fulltime jobs safer than contracts?

** ** **

Photo by fabrisalvetti on Flickr. Thank you!

4 Comments

Leave a Comment

  1. As long as you make sure you ask for a hourly rate to cover for the additional perks a full-time employee would get, you can do better as a contractor. In fact, I prefer it this way 🙂

    Better “security” offered by full-time jobs becomes more and more a myth. However, it’s true, if you’re the kind of guy who doesn’t like looking periodically for new contracts, better find something as a full-time employee and spend there the best years of your life. It all depends on how you are and what you are looking for in life.

  2. In general, pe masura ce avansezi in varsta, F/T devine din ce in ce mai atractiv din mai multe motive. Eu prefer contractor, dar cine stie, peste cativa ani?

    In orice caz, enjoy your break, sigur vei gasi cand te-apuci sa cauti!

  3. The answer depends on too many things… the type of industry, the type of job, the type of personality you are, how good you are in what you do, your people skills, etc. I don’t think there’s a general answer. However, in times of crisis, there are many companies who prefer to work with contractors because they don’t cost that much (not talking about the actual pay but overhead costs) and they’re easier to let go if needed.

  4. @Alex
    While networking in the last couple of months, got more of the same story from my ex-managers:”George, all contractors were laid off and now we’re sending home full-time employees, too.”
    Now, this could be just a lame excuse for them not to deal with my request for work. Who knows?
    ** **
    But your point is refreshing! THIS is the time to work with contractors. They’re mobile (easy in, easy out!) and competition is high.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.