Apologies if this topic has been raised already , I did a quick search and could not find what I am looking for.
I am working as a permanent employee in a bank and have been thinking about going contracting for some time. Due to the mortgage application and not having enough money in war chest I can't dive in into contracting yet. I decided to carry on working as permanent for a couple of years and do the jump later on if I still feel like it.
As I was looking for a new job, I have been approached by a consultancy and they offered very attractive package, over 15% more than I make now. Their client and type of work is very similar to what I do now. They subcontract me for a bank and I work as a permanent employee for this consultancy. For me it looks like a good first step towards going contract.
What should I look out for? I understand that I would need to read contract papers very carefully to catch out things like overtime, notice period, pension ( pension is much smaller AFAIK).
What other things are different when working as a 'proper' employee and being subcontracted by a consultancy?
I am working as a permanent employee in a bank and have been thinking about going contracting for some time. Due to the mortgage application and not having enough money in war chest I can't dive in into contracting yet. I decided to carry on working as permanent for a couple of years and do the jump later on if I still feel like it.
As I was looking for a new job, I have been approached by a consultancy and they offered very attractive package, over 15% more than I make now. Their client and type of work is very similar to what I do now. They subcontract me for a bank and I work as a permanent employee for this consultancy. For me it looks like a good first step towards going contract.
What should I look out for? I understand that I would need to read contract papers very carefully to catch out things like overtime, notice period, pension ( pension is much smaller AFAIK).
What other things are different when working as a 'proper' employee and being subcontracted by a consultancy?
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