I work for a finance industry client and they haven't been doing amazingly this year- in fact over the few months lots of permies & contractors have been let go.
Now they want us remaining contractors there to take a pay cut, I'm not sure what percentage it's going to be, maybe 10-15% I'd speculate.
I was considering my options, I have only ~3 months left in a multi-year contract.
My options are:
a) Stay with them till the end of my contract. I guess this is being professional, but I'm a bit concerned that it will look bad on my next contract interview being on a lower rate for a while..?
b) Leave as soon as. I may well be able to get a similar rate as per current, so win-win?
c) Or take 2-3 months break. This suits some travel arrangements I have pre-booked and I could even try out an idea or two of my own I've had for a while- but I'm also concerned here that it might look bad being "out of work" for a while and having to explain my situation. (although I can probably blab about running a startup etc )
Am I right about some of my concerns here, or am I over-thinking this?
Thanks!
Now they want us remaining contractors there to take a pay cut, I'm not sure what percentage it's going to be, maybe 10-15% I'd speculate.
I was considering my options, I have only ~3 months left in a multi-year contract.
My options are:
a) Stay with them till the end of my contract. I guess this is being professional, but I'm a bit concerned that it will look bad on my next contract interview being on a lower rate for a while..?
b) Leave as soon as. I may well be able to get a similar rate as per current, so win-win?
c) Or take 2-3 months break. This suits some travel arrangements I have pre-booked and I could even try out an idea or two of my own I've had for a while- but I'm also concerned here that it might look bad being "out of work" for a while and having to explain my situation. (although I can probably blab about running a startup etc )
Am I right about some of my concerns here, or am I over-thinking this?
Thanks!
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