Hi everyone,
I know this post is asking for a crystal ball but I'd really appreciate people's thoughts or advice.
I'm a LtdCo contract Business Analyst. I've been doing it for 10 years as a LtdCo contractor, and never been out of work for more than 4 weeks. I'm limited in that I have to stay in my chosen city due to family reasons, but I've been lucky to manage to find jobs here all that time. Most of my jobs have been minimum 18 months, so hopefully my CV looks good.
My current client is great. Been there 18 months now, and I love it. People are great, work is interesting. They've offered for me to go perm at the end of my current contract period, which is March. They are basically letting all their contractors go in March anyway due to IR35. From what I can tell, they can't be bothered to assess anyone, so they are just not renewing.
So, my dilemma is: Do I go perm and take the hit in take home pay, or do I risk that there will be other jobs out there?
What will the state of the contracting job market be like in March? Will companies be hesitant to hire, even if I go through an umbrella? Due to other reasons, I can't really afford to be benched for any length of time. I could start my job search in January to try and secure one for March, but it feels like companies aren't hiring right now - they're waiting to see what happens.
A perm job is better than no job for me right now. But an umbrella job is better than a perm job!
My client will want a perm answer from me before Christmas. I'm not sure what the sensible thing to do is.
Does anyone have any advice?
I know this post is asking for a crystal ball but I'd really appreciate people's thoughts or advice.
I'm a LtdCo contract Business Analyst. I've been doing it for 10 years as a LtdCo contractor, and never been out of work for more than 4 weeks. I'm limited in that I have to stay in my chosen city due to family reasons, but I've been lucky to manage to find jobs here all that time. Most of my jobs have been minimum 18 months, so hopefully my CV looks good.
My current client is great. Been there 18 months now, and I love it. People are great, work is interesting. They've offered for me to go perm at the end of my current contract period, which is March. They are basically letting all their contractors go in March anyway due to IR35. From what I can tell, they can't be bothered to assess anyone, so they are just not renewing.
So, my dilemma is: Do I go perm and take the hit in take home pay, or do I risk that there will be other jobs out there?
What will the state of the contracting job market be like in March? Will companies be hesitant to hire, even if I go through an umbrella? Due to other reasons, I can't really afford to be benched for any length of time. I could start my job search in January to try and secure one for March, but it feels like companies aren't hiring right now - they're waiting to see what happens.
A perm job is better than no job for me right now. But an umbrella job is better than a perm job!
My client will want a perm answer from me before Christmas. I'm not sure what the sensible thing to do is.
Does anyone have any advice?
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