Hi, would like to gather people’s thoughts on a scenario I anticipate happening and want to understand what you would do in my situation.
Now I’ve been a contractor for 6 years within banking so very well aware of the risks and rewards involved, Iv been without a contract since end of December with the war chest slowly depleting. With contracts being few and far between I potentially have 2 upcoming offers as per below:-
1) A contract offer of £475 a day for a government based project (6 months contract) but I know there’s potentially at least a years worth of work - only 10mins drive
2) £60k perm role back at a company I used to work for (I know them well and expect longevity) - 50mins drive however once settled will get 2-3 days wfh.
In normal circumstances the obvious choice would be the contract role (no questions asked)...however we aren’t in normal time’s and I have something niggling at the back of my mind that due to the abundance of money the government has had to spend because of the pandemic, a balance of the books would need to be completed sooner rather than later therefore any cost cutting initiative would most likely occur within their own projects (therefore contract could get cut short).
Due to the current pandemic would you seek the security of the perm role which means riding out the effect of the pandemic and impacts of IR35 (the law although has since been reversed but most likely will be enforced in 2021 but still expect alp t of banks continuing to enforce blanket rules).
Now if your reading this it might sound like my mind is made up but I would like to understand what you guys would do in my situation with the current world being as it is? (Please be kind [emoji1474])
Now I’ve been a contractor for 6 years within banking so very well aware of the risks and rewards involved, Iv been without a contract since end of December with the war chest slowly depleting. With contracts being few and far between I potentially have 2 upcoming offers as per below:-
1) A contract offer of £475 a day for a government based project (6 months contract) but I know there’s potentially at least a years worth of work - only 10mins drive
2) £60k perm role back at a company I used to work for (I know them well and expect longevity) - 50mins drive however once settled will get 2-3 days wfh.
In normal circumstances the obvious choice would be the contract role (no questions asked)...however we aren’t in normal time’s and I have something niggling at the back of my mind that due to the abundance of money the government has had to spend because of the pandemic, a balance of the books would need to be completed sooner rather than later therefore any cost cutting initiative would most likely occur within their own projects (therefore contract could get cut short).
Due to the current pandemic would you seek the security of the perm role which means riding out the effect of the pandemic and impacts of IR35 (the law although has since been reversed but most likely will be enforced in 2021 but still expect alp t of banks continuing to enforce blanket rules).
Now if your reading this it might sound like my mind is made up but I would like to understand what you guys would do in my situation with the current world being as it is? (Please be kind [emoji1474])
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