back to perm job?

[cojak]

Is it time to get back into a perm job? Will the contract market be wiped out by credit crunch which is yet to properly bite the working man?

Yes.

HTH.

[ThomasSoerensen]

Is it time to get back into a perm job? Will the contract market be wiped out by credit crunch which is yet to properly bite the working man?

contractors of your quality will most likely be very vulnerable in the coming recession. It is time to quit and get in the dole line in order to get a spot near the front if you have any hope of getting any money before they run out.

[pmeswani]

contractors of your quality will most likely be very vulnerable in the coming recession. It is time to quit and get in the dole line in order to get a spot near the front if you have any hope of getting any money before they run out.

Does one need a begging bowl and say "Can I have some more?"... I might be joining the queue soon.

Am comtemplating quitting the Contract market for the time being and going back to perm until the "recession" (sp?) fever calms down a bit. I've also come to the conclusion that there is very little demand for my skills within the ITSec Contract Market. Need to focus on getting more procedural skills under my belt.

[zara_backdog]

I would rather sell my car, sell my television, and even sell my microwave before I went permie.

Remember in a recession you're not going to be looking at top-of-the-line blue chip permie roles on great greenfield projects. It's going to be maintenance projects for rubbish backwater firms, for rubbish money, with a sneering boss and boring colleagues.

So, if benched, how long can you afford not too work?

[GCR99]

Is it time to get back into a perm job? Will the contract market be wiped out by credit crunch which is yet to properly bite the working man?

IMHO it's all about timing (ie: when you jump into permie and back out again to contract) I started contracting in 1996 and rode the waves until 2000 when the arse fell out of the market. I jumped into permie, tucked myself into a nice little cushie number, spent a few easy years getting trained up for nothing, travelling the world, nice long holidays, all the trappings. Once the market was favourable again, I jumped back into contract and tore the arse out of the rates again for a few years.
Currently I'm permie and have been since Feb, as I could see a similar pattern emerging to the one in 2000. The rates have come down to such a low level that it's just not worth doing it as a LTD company. I'll wedge myself in until the market returns then.....I'll be back!

[NotAllThere]

The more people go permie, the more work for contractors. So, yes, go permie.

[Dark Black]

The more people go permie, the more work for contractors. So, yes, go permie.

WHS

Currently enjoying some time off after selling the house. Previous client keeps asking me back but the work was rather dull so biding my time - might suggest going back part time (say four days a week) to make some pocket money for xmas...

[MrMark]

Is it time to get back into a perm job? Will the contract market be wiped out by credit crunch which is yet to properly bite the working man?

Quite a few contractors (like myself) end up contracting as we're perceived wrongly as being too expensive and/or too old to be set on as permies. Besides which (for accounting reasons I never quite understand) companies often make "economies" by laying off full time staff and then bringing in contract staff. So unless the economy totally collapses (which is a possibility, and then we're all out of work, permie or not) I don't see the contract market being wiped out.