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| *Ostroff, Fair and Company>>>Technology |
How is Time Off Typically Handled in Consulting Contracts? |
When beginning a new contract, do you have to wait a certain amount of time before you qualify for paid time off? Do you simply get docked for each day you take off? Perhaps it varies from one firm to the next? It varies from firm to firm, but if your firm has PTO typically you accumulate x hours of PTO each pay period. Some firms allow you to take up to your annual amount starting day 1, but if you leave the firm before earning it all back, then you must write a check to the firm to cover the missing hours. Other firms only allow you to take time that you have already earned. So within your first few pay checks, you will typically have enough for 1-2 days off and you are not allowed to take them until you have earned them. All firms have some sort of policy defined and you will have to request it in advance (except in a few rare firms) so that they can make sure to cover your work or know not to assign you anything due on that day. You never work alone on an engagement. There are teams of people who work on these things and are generally willing to take some work on for you to take time off as they hope you would do in kind when they would like to take time off. Contract workers are allowed time off, but not paid, that is a benefit for employees. I don't do contract work as I don't really consider that consulting, I consider it contract work. I get paid with a W-2 and not a 1099. I'm a full-time employee of a consulting company. They farm me out on projects that are contracts to them, but I don't finish a 90-day job and sit around without a paycheck waiting on the next contract. What I have is called "paid bench time". Basically, when I'm in-between assignments I get paid anyway. Even if that means I sit at home for 3 weeks watching TV. Because I'm a full-time employee of the consulting company (W-2) as opposed to a contractor (1099) I get full benefits including paid time off. Find a consulting company that will give you paid bench time. . |
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