Hi Nathan,

I've been working as a contractor for over 3 years since leaving MM and I
haven't had any problem with finding work in that time. Until recently,
all my contracting has been in CF development or training. The good thing
about contracting is you can always give it up for a full time position if
the right one comes along. That's always been my intention, it just hasn't
happened yet!

I think a large part of the decision really comes down to personal
preference. Some people just don't like the uncertainty of having to find
a new contract every few months. My average CF development contract length
has been about 4-5 months. Plenty of people work multiple smaller
contracts at the same time, but I've always prefered taking one bigger
contract at a time. I prefer working onsite and the hours tend to be
better. Again, that's just my personal preference.

If you go down the contracting route there's a few things I'd consider:
1. Do the sums on providing your own super, insurance, holiday and
sickness benefits and accounting fees. Also consider the time for book
keeping, BAS statements etc. If your rate is below $50 an hour, you're
probably better off working full time. If it's under $30 an hour, you're
better off driving a cab!
2. Get a lawyer to review all your contracts before you sign them. You
wouldn't believe some of the stuff people try on, and I've never had a
problem asking for ammendments.
3. Avoid working through recruitment agents wherever possible. They
usually take at least 20% + charge payroll tax to employers which
effectively comes out of your rate. The tax implications for super can
also be nasty if you work through a recruitment agent without your own
company.
4. It can be cheaper to set yourself up as a sole trader than a full pty
ltd company. However, make sure you've got professional indemnity/public
liability insurance cover. A lot of employers require this anyway.

Hope that helps

Tim

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