Hi
I was hoping to get some advise from some of you with more contracting experience than I have.
I have been working for local government as a software project manager for the past 3 years (this is my first contract). During that time I have only had an increase in my rate once. At the beginning of this year I was told that due to government cuts I may have my contract terminated. Fortunately although other contractors were let go in March there were a couple of projects they needed me to complete so they asked me to stay on till the end of June but working only 4 days a week. This basically meant that I was now earning less than when I started 3 years ago. I accepted this cut in working days as I felt fortunate to have gotten an extension in the current climate. In addition my mortgage is up for renewal in May – so I felt it better to play safe until my mortgage is renewed.
There is a high chance that they may again extend my contract at the end of June, however I am reluctant to do so firstly because I think I should be commanding a higher rate and I also feel that I need to move elsewhere in order to gain more varied PM experience. I am even willing to consider PMO roles. I have started applying for roles but I believe that my notice period of 4 weeks counts against me. I am not willing to pull a sickie etc…as I have a good working relationship with my boss and this being my first real project manager role I would need a good reference in future from him. In addition as I contract through an agency the notice period is with them and they would not be willing to reduce it to say..... 2 weeks.
I have enough saved to last me till 2012. So the question now is……………do I carry on working in this job and hope that a new contract (willing to wait a month) jumps into my lap? Or do I give up this job and become immediately available but without any income? I suppose that alternatively if I fail to get a new contract I could always try going back to permie but that is the last thing I want to do.
Incidentally my PM work centres around software that is already implemented. I have not had experience in an end-to-end implementation which probably counts against me in the job market.
Any sound advice would be appreciated.
I was hoping to get some advise from some of you with more contracting experience than I have.
I have been working for local government as a software project manager for the past 3 years (this is my first contract). During that time I have only had an increase in my rate once. At the beginning of this year I was told that due to government cuts I may have my contract terminated. Fortunately although other contractors were let go in March there were a couple of projects they needed me to complete so they asked me to stay on till the end of June but working only 4 days a week. This basically meant that I was now earning less than when I started 3 years ago. I accepted this cut in working days as I felt fortunate to have gotten an extension in the current climate. In addition my mortgage is up for renewal in May – so I felt it better to play safe until my mortgage is renewed.
There is a high chance that they may again extend my contract at the end of June, however I am reluctant to do so firstly because I think I should be commanding a higher rate and I also feel that I need to move elsewhere in order to gain more varied PM experience. I am even willing to consider PMO roles. I have started applying for roles but I believe that my notice period of 4 weeks counts against me. I am not willing to pull a sickie etc…as I have a good working relationship with my boss and this being my first real project manager role I would need a good reference in future from him. In addition as I contract through an agency the notice period is with them and they would not be willing to reduce it to say..... 2 weeks.
I have enough saved to last me till 2012. So the question now is……………do I carry on working in this job and hope that a new contract (willing to wait a month) jumps into my lap? Or do I give up this job and become immediately available but without any income? I suppose that alternatively if I fail to get a new contract I could always try going back to permie but that is the last thing I want to do.
Incidentally my PM work centres around software that is already implemented. I have not had experience in an end-to-end implementation which probably counts against me in the job market.
Any sound advice would be appreciated.
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