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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: CO who wrote (235)11/30/1997 6:10:00 PM
From: John Fairbanks  Read Replies (2) of 27968
 
Yep, the face of employment is changing DRASTICALLY. Several of
my friends are networking specialists and most of them are working
for temp/contracting companies rather than for the company where
they actually do the work.

For the employee, it's not much different than a full time job in our
industry. The temp company will provide them with a salary and
benefits and place them in a long term contract position. One of my
friends has been working in the same contract position for 3 years
now.

The problem with independent contract work has always been paying for insurance,
handling self employment taxes, and mostly the inherent instability
of not knowing you have a solid job. I've been tempted to work
contract myself several times, but it's a little scary... A temp company
on the other hand, will shop these people out at $50 - $200 / hour
depending on the level of expertise, and typically give them a salary of 50-75K a year + benefits.

Why would a company want to hire one of these people instead of
hiring someone full time? The computer industry is changing extremely
rapidly and keeping up with technology is difficult. These contract
firms train their employees in all the cutting edge technology. Most
of us who are stuck in the full time jobs are doing critical path work
on old products and the company literally cannot afford to take the
time to let us get trained as thoroughly. I have been to one training
class in the last five years. My contractor friend spends a couple
weeks a year or more in training.

The Houston office indicated that they want to focus on the highly
technical positions because they could bring the highest profits.
A temp/contract firm which has some highly trained people can do
VERY well. We just hired a guy for 6 months on contract at $80/hr
who didn't end up even knowing what he was doing and he was one
of the best we could find!

I've thought going contract with a firm like this myself, but I really love
my company too much... but the idea of always being on the cutting
edge of technology is highly tempting. The vast array of different
industries I'd be exposed to is also a pull... it would certainly improve
the old resume! ;-)

I scraped together some more money and am buying more tomorrow.
If I keep going like this I'll own the company pretty soon! :-)
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