When searching for a job, you'll see several common alternatives for what you're hired as: full-time, contract, or contract-to-hire. There are many opportunities within contract or contract-to-hire roles that many people overlook. What makes a contract role different from a full hire position? One of the biggest benefits of a contract position is also the largest decision maker for many job seekers. Money.
Contractors get paid more per hour
The base hourly rate for tech contractors is much higher, ringing in at $70.26 per hour according to Dice's 2016 Tech Salary Survey. In comparison, the same report shows the average technology salary at $96,370, which is $46.33 per hour for a 40-hour work week - not counting the overtime you might have worked.
While this doesn't apply across all levels of experience or industries, in general contract employees have a higher dollar-per-hour range compared to salaried employees. In theory, this is to cover the benefits that a company doesn't offer a contract employee, but when you are placed through a company like Jobspring, many of these benefits are included, such as health insurance, paid time off, and even a 401(k).
You receive compensation for the hours you work: all of them
When you accept a full-time job, you have to accept that as a salaried employee, you are just that: on a salary. You get paid a certain amount each year, no matter how many hours you work as a part of that salary agreement. As a contractor, being employed for a 40-hour work week means actually working those exact hours, because you get paid by the hour. Frequently, salaried employees get called on to work on weekends, late nights, and early mornings. The difference for a contractor is that you'll get paid for the extra miles you put in on the job.
Extra hours = overtime pay
Thanks to a compliance law changing for 2016, not only do you get paid for every hour, you can get overtime pay (1.5 times your normal rate) for anything past your set work week maxmimm. So the more hours you work, the more money you can earn. With projects that stretch deep into the night, your salaried coworkers are just as dedicated as you are, they're just not getting compensated for it.
Think about this: When working with a team to launch a new product, how many hours do you put in? Recruiter Phil breaks it down for job hunters below.
If you have any questions about contract work, contact a Jobspring Partners near you.
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You’ve completed your college degree or spent endless weeks learning to code in a hardcore boot camp – congratulations! But now what? While everyone’s career path will be unique, and there’s no step-by-step guide to getting you to a C-Level position within x-amount of years, there are definitely some key career moves you can make to set yourself up for the success you’re looking for. If you aren’t a recent or about-to-be graduate – well, it’s never too late to do these for you career.
Below are 5 things you need to do for your career as an IT graduate on the job hunt:
Build Your Brand
As basic as career advice gets, yet too many personal brands are just that: basic. Don’t be. Update your LinkedIn profile to include an individual summary, a work or project list, and any appropriate skills. Nowadays, this is one of the major ways recruiters and hiring managers connect with you about a job you may be the right fit for.
Also, get on GitHub. For many hiring managers this is a 'nice-to-have' for more experienced talent, but for junior engineers it is crucial. Other than school projects, it may be the only thing a manager has to look at that represents your skills.
Connect with a Dedicated Recruiter
It’s almost always free to work with a recruiter. Find a dedicated technical recruiter who specializes in positions you are interested in and who understands your skill set. Even if they can’t offer you a position right off the bat, inquire about interview advice, resume tips, or keeping in touch for any opportunities that may arise.
Contact a local Jobspring Partners to connect with a recruiter about current job openings.
Network and Get Noticed
If you haven’t tried out the networking tactic for your job search, step out of your comfort zone and add it to your to-do list. Meetups and networking events specifically for tech professionals, such as Tech in Motion, are a great way to get your name out in front of an influential group of people.
When you are vocal about your employment status, you may find your next mentor, or even your next job, at an event or job fair, so make sure to put your best foot forward.
Find the next free Tech in Motion event near you and start networking.
You will hear it over and over again, but keeping up with the newest technology is crucial in any market. Every company wants someone who has experience with the trendy new technology that very few other engineers have, so being ahead of the curve will set you apart. While you’re a new grad with some time on your hands, this is a great opportunity to make sure you’re working with the technology that will get you the career you’re looking for.
Just because you have been on the market for a few weeks, doesn’t mean you should lose motivation. Great things take time! Every company has different needs. You just need to find one that fits your criteria and vice versa, and sometimes that takes time. Don’t settle for a job where you’ll quit a few months in. Consider a contract job where you can gain experience on a project basis while you wait for the right opportunity.
Bottom line: building your reputation in a way that consistently advances your career will take time. These tips will point you in the right direction, and hopefully, help you find a job that you truly will be passionate about. By staying up-to-date with technology, networking, and building your own brand, your job search will be more effective.
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