Consultant Vs Permanent Employee?

If we factor out dependencies of an professinal individual as far as legal status / country / work culture etc.

Basic defination:

Consultant - Should be skilled, job insecurity, paid good but no perks

Permanent Employee - Kind of stable job, skilled but opportunity to learn more, paid reasonably with perks.

Debate - Working professionally as a consultant is better then permanent employee?

I feel till 35 work as a consultant then take up permenant job, what do you think?

Originally posted by: raj5000

If we factor out dependencies of an professinal individual as far as legal status / country / work culture etc.

Basic defination:

Consultant - Should be skilled, job insecurity, paid good but no perks

Permanent Employee - Kind of stable job, skilled but opportunity to learn more, paid reasonably with perks.

Debate - Working professionally as a consultant is better then permanent employee?

Consultant.....If you have good experience/background and people's skills, you can make a lot more as a consultant. plus, it gives you the flexibility of managing your own time. If you are really good at what you do and driven to succeed, you can actually set up your small company hiring couple more people and contracting them out as well....and eventually managing your very own consulting company😃 it all depends on your people skills and whether you are a rainmaker or not...can bring in new clients or not!

one thing is for sure, consulting is surely not for slackers or mediocres who lack zeal and smarts.

A major plus point with consulting is that you manage your own pace. If you work your butt off...you reap the rewards as well...more moolah!!! That way, incentive to work harder is there more than it is in a permanent job. If you have a strong independent streak combined with the zeal and intellect...you'll succeed in consulting😊

permanent employment...no brainer...benefits and, to an extent, job security are there. good for one if one happens to be mediocre/avg.

People who have the smarts and the zeal to make it big will succeed no matter in what capacity they work😊

I feel till 35 work as a consultant then take up permenant job, what do you think?

to start out on you own, you'll need to show them that you got what they want. how can you do that fresh out of school???

I say work for a top notch company in your field for couple of years and then branch out as a consultant if that's what interests you. Therefore, I do not agree with what you said above...consultant first and permanent later!

it all depends on your personality.......i think😊

Originally posted by: raj5000

If we factor out dependencies of an professinal individual as far as legal status / country / work culture etc.

Basic defination:

Consultant - Should be skilled, job insecurity, paid good but no perks

Permanent Employee - Kind of stable job, skilled but opportunity to learn more, paid reasonably with perks.

Debate - Working professionally as a consultant is better then permanent employee?

I feel till 35 work as a consultant then take up permenant job, what do you think?

Whats next "Do you have a bug fix?"😆😆

Originally posted by: qwertyesque

Whats next "Do you have a bug fix?"😆😆

😆😆 JIRA-12345, not before its logged 😆

Originally posted by: raj5000

If we factor out dependencies of an professinal individual as far as legal status / country / work culture etc.

Basic defination:

Consultant - Should be skilled, job insecurity, paid good but no perks

Permanent Employee - Kind of stable job, skilled but opportunity to learn more, paid reasonably with perks.

Debate - Working professionally as a consultant is better then permanent employee?

I feel till 35 work as a consultant then take up permenant job, what do you think?

This has its plus and minus points. If you are a consultant you have a choice of selecting and contributing to a plan. Sometimes one doesnot do that thinking there is always time. No doubt a private consultant may make more money than a stable employee. But a stable employee brings in fixed income whereas a consultant may not be able to do that as the work will be in peaks and troughs.

So forward planning is important and when we are young perhaps that is not our priority. Also it may be hard to find a fulltime stable job at 35 even though it is not too old an age. College and Univ. grads. are hired right away when they are in their early twenties. All the plans a fulltime employee contributes to has a long-term benefits.

So think wisely and contribute to plans for old age benefit if you are going to be a consultant.😛

Cheers😳

Originally posted by: Gauri_3

it all depends on your personality.......i think😊

Originally posted by: raj5000

If we factor out dependencies of an professinal individual as far as legal status / country / work culture etc.

Basic defination:

Consultant - Should be skilled, job insecurity, paid good but no perks

Permanent Employee - Kind of stable job, skilled but opportunity to learn more, paid reasonably with perks.

Debate - Working professionally as a consultant is better then permanent employee?

I feel till 35 work as a consultant then take up permenant job, what do you think?

As a consultant, we solve a particular issue, basically a hired gun(had a client once who used the term "Locusts"😆),you go in fix the issue, move on, gotta be proffessional about it, need to be quick thinker,Need to have excellent comm get paid to be a problem solver. Money is great. Get to learn more things but many a times you deal with the dedicated area. Need to have a thick skin, generally can skirt departmental politics, but deal with consulting politics. Many a times you live life out of a suitcase, if there isnt enough local work

As an employee, you look at the bigger picture, you know you own the issue forever, so you make sure it is not a band-aid or else you will be in trouble, so you take delibrate before making decisions. Many a times money ain't that great, but perks are great. You maynot know the latest and greatest, but you know a process in and out. Have to be adept in dealing with office politics or you become a poster child for that Sneakers Ad " Not going anywhere for a while, have a sneaker"😉

I agree work upto a point as a consultant, then when you are ready to settle down, take up permanent, but again that depends on what kind of a personality one has, both sides are addictive though

Originally posted by: raj5000

Debate - Working professionally as a consultant is better then permanent employee?

I feel till 35 work as a consultant then take up permenant job, what do you think?

Raj, whatever lets you spend more time on IF is the best option IMO..😉 😆

But seriously I agree with you in that making the most money in your 20's definitely proves to be beneficial in the long run... At 35, with good experience under your belt coupled with financial security , one can do what matters most to them(permenant job will not be the only option ) while having fewer financial restrictions which is the biggest problem with most in choosing/changing a venue/career. Another thing which is important in the 20's is saving as much as one can and splurge on the BMW's later , jmo..😊