Earlier quoted context omitted.
I earn $10k/mo contracting 20 hours per week. Personally, this extra income helped me maximize my day job benefits (401k and ESPP) and provided liquidity during the home buying process.
Maybe you can answer a question that is nagging me. I recently moved to the US, and ever since I keep getting messages on LinkedIn offering contract/freelance jobs. However the hourly rate is so poor that it would pay less that my current job base pay (not counting stocks and bonuses). In Europe the rule of thumb is that contract job should pay 2x your full time job rate. This is based on the associated overhead plus…
One side believes that contractors are cheap, disposable labor that costs less than hiring an employee with benefits.
Another side believes that contractors are a way to access temporarily needed expertise they lack in-house and cost more than hiring an employee with benefits.
Some firms' views depend on the skillset. Other firms have the same view no matter what.
In my experience, the more general a position, the more likely it is to be put in the "cheaper" group. The more specialized a position, the more likely it is to be put in the "expensive" group. Neither of these categorizations necessarily is correct, just how the firm is viewing things.