June 11, 2010, Newsletter Issue #44: Contract Employment Offers Competitive Compensation
Tip of the Week
IT professionals working in contract employment arrangements are generally paid on an hourly basis. As such, they are fully compensated for all of the time they work. The same, however, cannot be said for individuals employed in regular full-time permanent IT jobs. These days, companies are demanding their permanent staff to work longer hours, yet in most cases they have not increased their salary income. In fact, for many, their earnings have decreased.
Though pay rates clearly vary depending on an individual’s specialty and the region in which they work, many highly skilled IT professionals find that the hourly wage they receive in IT contract jobs is generally higher than they can earn in a permanent IT job. In fact, the Bureau of Labor Statistics (BLS) reports, that computer programmers, on average earn nearly eight dollars more per hour in contract IT jobs than those employed in permanent IT jobs.
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