Should I stay in a contract position with great pay, or accept another employment offer with lower pay and benefits?

I’m gonna try to keep this short and straight to the point as I’m just trying to figure out what my best next steps should be for the goals I have. There’s more to all of these of course, but I’m purposefully withholding certain information for ambiguity, but all of these are for the most part accurately portrayed.

I’ve got 3 years of experience in my field, and just finished my Bachelor.

My Current Options:

**Stay in current position**

***Pros***

* Salary $95,000 annually (currently part-time $40,000)
* Currently working part-time as a contractor (for 8 months), opportunity to get onboarded as a full-time employee in a month or so (I was pursuing my bachelor’s and graduate this month; previously discussed for me to become full-time)
* Fulltime would offer benefits like insurance, 401k, etc
* Fully Remote

***Cons***

* I don’t feel secure in my role
* It’s generally a mess, my onboarding took months and I still haven’t received the final documentation of my contract that I asked for on multiple occasions
* I know people who worked for my manager in the past and they didn’t have anything good to say (they have proved some of what was said about them and not others)

​

**Accept New Employment Offer**

***Pros***

* Big company and would look great on my resume
* Aligns with my values
* Very secure position, and full-on benefits
* Work with an established team

***Cons***

* I would be getting demoted, with the position they offer me (likely a jr or associate level position)
* I don’t see the salary being any more than $60,000 annually full-time, and it’s likely to start even less
* On campus a few times a month

​

**Accept New Contract Offer I’m being considered for**

***Pros***

* Salary $120,000 annually (12-month contract, and it’s likely they would hire around the 6-month period)
* Very big well known company, would look fantastic on my resume
* Would be a promotion to a senior position
* Work with an established team
* Would offer Vision and dental (although it’s more like something I’m buying through them @$400 a month while a contractor)

***Cons***

* Still being considered and haven’t received an offer letter yet (although it seems likely I’ll be hired)
* Hybrid, required to be in office 3 days a week (the commute is gonna be around 40-60 minutes there and back)
* Chance I don’t get hired and just complete the 12-month contract (although not likely)
* Contract

​

**They all seem like solid enough options, and I do realize how fortunate I am to be in this position. I appreciate any and all advice, thank you!**

​

For those of you that would like further context and insight as to how I’m gonna be making this decision, I’ll provide a bit more information.

My Goals:

1. Buy a house
2. Payoff students loans ($90,000)
3. Continue saving for retirement and investing

My Fears:

The pandemic I’m sure as it has with many others, sorta scared me a bit and I’m a bit paranoid about making a decision that could easily end in a let go within the near future. Especially seeing as that’s how my past few employments have ended, and everyone keeps talking about the recession that’s about to happen, and I’m not sure if I should go with the safer option because of it, or be riskier and work towards accomplishing my goals sooner.



View Reddit by ultrahealinView Source