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Has anyone ever been offered an employment contract, specifiying employment for x number of years, base salary, etc?
right now I'm looking at door # and door #2. Door #1 is with the govt, stable, excellent benefits, limited upward mobility, work not very stimulating.
Door #2 is with a major corp, much better salary, benefits comparable to the govt job, vast upward potential, however, has a history of laying off, as many large corps do these days.
I'd rather go for the $$$, but want stability. Has anyone ever been offered a contract with a corp to give a floor of stability?
Note, neither one has made a firm offer, I'm just playing what-if games in my head!
My husband has been with a very stable, financially healthy, well established company in the I/T department for 13 years now. He didn't jump ship for the big bucks during the Y2K "crisis" like many of his coworkers did. He's just been Steady Freddy, and is still working making a fair salary with great benefits when many of his former coworkers who went chasing big bucks are bagging groceries for a living since the I/T market dried up.
These days I think we need to look at the long term more than ever. I'm currently working at a well established, financially stable company in a job that I could do until I retire. It's not the most glamourous or interesting work, but the pay is fair, the commute is reasonable, and the work atmosphere is laid-back. I could be looking for something more exciting and quite possibly more room for long term growth, but at this point in my career and this economy I think where I am is a better (safer) place to be.
Has anyone ever been offered an employment contract, specifiying employment for x number of years, base salary, etc?
If you mean an employment contract that guarantees your job for x amount of time, no matter what happens, then no. I don't think there's a company out there that is foolish enough to do this. Offer letters for permanent full time positions will not specify your employment length. Contract/temporary positions will specify your employment length on the offer letter, but even that usually includes one or two clauses that allow early termination due to performance issues, etc.
my husband has been with a very stable, financially healthy, well established company in the i/t department for 13 years now. He didn't jump ship for the big bucks during the y2k "crisis" like many of his coworkers did. He's just been steady freddy, and is still working making a fair salary with great benefits when many of his former coworkers who went chasing big bucks are bagging groceries for a living since the i/t market dried up.
These days i think we need to look at the long term more than ever. I'm currently working at a well established, financially stable company in a job that i could do until i retire. It's not the most glamourous or interesting work, but the pay is fair, the commute is reasonable, and the work atmosphere is laid-back. I could be looking for something more exciting and quite possibly more room for long term growth, but at this point in my career and this economy i think where i am is a better (safer) place to be.
An employment contract in the corporate world is the same thing as temporary. That would be the polar opposite of job security. It is possible that the contract will be renewed but it's not something you can count on. On the bright side, the pay rate is higher because fewer people are willing to work somewhere where your days are numbered on day one.
I'm assuming you are referring to an individual contract, not a collective bargaining agreement. Even with a union, as the new guy, you would be first in line to be cut in the event of furloughs.
If you can handle some risk, take the corporate job since it's more money and more interesting.
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