Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

?
Lv 6
? asked in Business & FinanceSmall Business · 5 years ago

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

Relevance
  • 5 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.
  • tro
    Lv 7
    5 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

  • Robt
    Lv 7
    5 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
  • Anonymous
    5 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.

  • How do you think about the answers? You can sign in to vote the answer.
  • 5 years ago

    Instead of asking strangers here, ask your employer if your pay would increase should you be offered a full time job.

  • 5 years ago

    Sometimes the pay will actually go down. Depending on how your benefits change

Still have questions? Get your answers by asking now.