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If a contractor gets offered a full time position at the company they worked for, does their pay normally increase upon hiring?
I work for a company nearly an hour away from home as a contractor. I make 12.50 an hour and my goal is to move out on my own. I know around here, 12.50 an hour is not enough to do this so if Im not offered more I cant stay here. I live in Florida. So is it normal? Thank you.
6 Answers
- anonimitieLv 75 years ago
The, "Total Compensation," is usually about the same. As has already been mentioned, contractors have to pay for their own health insurance and fund their own retirement so, if they're smart, demand a higher hourly rate.
Once hired, their take home may go down but, they generally make the same amount: They now have paid time off, they have subsidized health insurance, and 401k matching.
Source(s): Used to work in a couple of Corporate HR Departments. - troLv 75 years ago
probably not
the point is as a contractor you are not an employee even tho you are paid an hourly amount
as an employee the company might have an advancement policy in place but as a contracted employee you agree to work at whatever rate they offer you, or you submit to them a new 'contract' for more money
as a contractor you have no benefits
- RobtLv 75 years ago
Know what where how to use libraries in Florida.
Contractors pay off 12.50 hr is worth 9 as employee.
Libraries got books on WHY
Source(s): Employer - Anonymous5 years ago
No. The hourly compensation usually goes down because the company will be sharing the tax burden and providing you benefits that you do not receive as an independent contractor such as worker's comp, unemployment insurance and any other benefits such as medical insurance, PTO, 401k, etc.
That doesn't mean total compensation goes down...you're just compensated differently.
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- BarkleyLv 55 years ago
Instead of asking strangers here, ask your employer if your pay would increase should you be offered a full time job.
- RaymondLv 45 years ago
Sometimes the pay will actually go down. Depending on how your benefits change