. There's an opportunity for me to do a roughly 4 month contract job for a large employer in my area. The job would gross about $6,066 a month, or $24,266 for the 4 months. Then, presumably, I'd be done, and back to looking for a job.
If I took that job, I'd have to quit my part-time job at 25 hours a week for $375 gross a week (or $1,625 a month or $6,500 for the same 4 months).
I think I should take the full-time job, but I'd have to let go of my lifeline, the p/t job. It's not a slam dunk decision, but here are my thoughts why I should take the f/t job:
1. Having worked for a big company looks good on a resume and could open up more doors down the road.
2. Possibility it could lead to longer term work. (One can hope.)
3. I would switch to recruiter's health insurance plan so that when the job ended it would reset the COBRA clock that determines how many months I can continue on COBRA.
4. While my current p/t job is supposedly permanent, not temporary, a recent conversation i had with manager indicates the company is on shaky ground and barely breaking even. Building is up for sale and owners could choose to retire at any time. For all I know, that's their plan, to close down the business when the buidling sells.
Even though the pay is much less, I'm a little nervous about giving up what APPEARS now to be something that would last much longer than 4 months, but I can't really count on that.
I'd be giving up a p/t job with partial work at home and easy, back roads commute for a daily commute of an hour (maybe more with traffic?) but at least in the summer it'd be daytime driving.
5. Working there and then losing the job at end of term would i think qualify me for more unemployment benefits. Not that I want to forever be reliant on benefits, and I so want to work full-time, but I need it if I'm not working.
I calculate 15 weeks of work grossing $21,000, or $15,360 net. If I continued my uber-frugal living habits and existed on minimum monthly expenses of $2,431 a month during that time, I could cover expenses AND possibly save as much as $6,917 for a rainy day. (I would spend considerably more on gas, though.)
Your thoughts?
What would you do?
May 1st, 2012 at 02:54 pm
May 1st, 2012 at 03:31 pm 1335886318
May 1st, 2012 at 03:36 pm 1335886595
May 1st, 2012 at 03:51 pm 1335887466
BE sure on the COBRA. My dad's last job was a similar situation, but did not last long enough for him to get COBRA reset. Just as an FYI. Similar situation, but may be different.
May 1st, 2012 at 06:16 pm 1335896186
1. Your part-time job seems like it may possibly be temporary, too.
2. The additional $6,917 would just about wipe out your mortgage.
Maybe you could take an unpaid leave from your part-time job?
May 1st, 2012 at 06:46 pm 1335897982
May 1st, 2012 at 07:25 pm 1335900338
Have they made an offer?
May 1st, 2012 at 07:52 pm 1335901955
May 1st, 2012 at 07:57 pm 1335902239
May 1st, 2012 at 08:11 pm 1335903061
May 1st, 2012 at 08:16 pm 1335903402
May 1st, 2012 at 08:27 pm 1335904076
does that change any of your opinions?
In the worst case scenario, I'd quit my current p/t job after getting an offer but would then learn the birth mother backed out. Which would mean i'd have neither jobg and would have also voided any remaining unemployment benefits. Since the recruiter warned me of this small possilbity, i don't know if I'd have any recourse given this scenario, unlikely as it seems.
May 1st, 2012 at 09:22 pm 1335907345
May 1st, 2012 at 09:30 pm 1335907832
At the last contract job i worked for a big company, they hired 3 of us on a contract basis. We all started at the same time. I spoke to the other 2, and each believed, like me, that they were in for a 4-month stay. The one guy was let go after 6 days; I don't know why but the employer told me he just hadn't worked out. the other woman stayed longer, but was still let go 1 month prematurely. I was the only one who actually did stay the full 4 months.
May 1st, 2012 at 10:11 pm 1335910312
May 2nd, 2012 at 02:01 am 1335924112
About the adoption back-out possibility....I don't know that it would necessarily void your UE benefits. Normally you can't quit a job and get UE, but if you quit for the reason of taking a better job and then that better job fell through for reasons completely beyond your control, I'm sure the loss of benefits would be something you could appeal and have a good chance of winning on.
May 2nd, 2012 at 02:02 am 1335924139
May 2nd, 2012 at 02:09 am 1335924561
The adoption issue is a big problem, however. Does the regular employee go on parental leave when she is handed the baby, or does she go out before she gets custody? It sounds like you would be in serious trouble if the regular employee came back early.
Any way you could work nights and weekends in the part-time job? Maybe you could cut your hours at the part-time job to get a workable schedule. If they are contemplating shutting down the business, it might not be worth their while to train a new hire.
May 2nd, 2012 at 08:43 am 1335948193
While i'm a bit worried about some snafu with the adoption itself, i don't think the mom would choose to return to work early. I used to work at a company with a lot of young women who became pregnant, took maternity leave and fully planned to return, only to find once they had the baby that they couldn't bear to separate from the newborn so they quit their jobs.
That's a good idea about trying to somehow hang onto the p/t job, but i don't see how i could do it. It's a 25-hour a week job and normally at least 1 day a week i need to be in the office, to do stuff using software i can't access remotely. I have to be there during normal business hours. Since i'm a part-timer, someone else has to be in the buillding.
I don't think a business shutdown would happen in the near term. I'm thinking 6 months to a year, possibly longer, and they are on a schedule and would still need to publish the books i'm working on. the sale of the building could prompt changes more quickly, but when that might happen is anyone's guess.
May 2nd, 2012 at 03:03 pm 1335971024
The economy is s-l-o-w-l-y recovering so like the others, I'd jump to FT employment. The advantage of a lg. company is that there are always slots opening due to attrition. Adopting moms have a high probability of becoming stay-at-home-moms as was pointed out.
If your industry is changing/contracting, what can you do to adjust your skill sets to fit into another career?
May 2nd, 2012 at 09:08 pm 1335992933
May 3rd, 2012 at 12:31 am 1336005079