Going from full-time to contract work?
April 16, 2009 9:47 AM Subscribe
A friend of mine is giving his notice tomorrow due to long hours and high stress not being worth it in the end. He would, however, be open to returning as a contractor or part-time, with limited hours and role. How does this work?
posted by um_maverick to work & money (5 answers total) 4 users marked this as a favorite
The friend is pretty highly credentials (masters in finance and CPA), with both "Big 4" and corporate experience totalling about 6 years. He's fairly indispensable in his current role, which just makes it more stressful. He's already tried to get some of the tasks off his plate (for over a year at this point), with no success, and the company, like many, is in a hiring freeze so there's no relief coming. However, if he could lock in 16-20 hrs/week, maximum, to do the truly important tasks, he'd be ok with that. That being said:
Is coming back as a contractor something he should offer while tendering his resignation, or should he hope that the boss brings it up?
It seems like in this situation, working part time could eventually lead to full-time hours at part time salary, and contracting would be a better way to contain the hours. Is that a reasonable interpretation?
Is it better/easier to contract directly with the company, or go through a third-party firm?
What hourly rate can one expect? He's in a Seattle suburb at a rather large manufacturing company (no, not boeing :)), if that helps.