👆.... I have received a verbal offer from a recruiter. Is it a better switch from jpm to capital one as contract to hire? Note: contract to hire have it's ranges. Here its a 3 months contract to hire. In some places it's 3 months while in others contract might be 6 months long, and the rest contacts may be longer than a year. I'll get a bit of a raise that's for sure but I am not sure if it's a risky business to leave a full-time job and get a contract to hire anywhere. What do you guys think? TC - 🥜
It’s very hard to find a good contractor. If you’re good they’ll keep you until they run out of money
Even in contract to hire with in 3 months?
I can’t speak for every contract out there but when I was consulting myself some clients had a max or standard length of contract 3 months. So they’d keep extending them until you get sick of them and leave. This could go on for years. At some point in my life I didn’t want to convert to fte, and some clients would always bring the conversion talk up once in awhile.
I’d concentrate on the opportunity. Don’t do it for the money. To someone else’s point, if you’re jumping around, that is not good. Getting more and more common with the contract to hire in fs
I understand.. problem is Chase is paying crap. I have stayed in Chase for 3 years now and so far they have just raised 2k dollars in my salary even after doing great all 3 years straight. First time my manager left and the other manager screwed me even after having a great rating of over all strong. Second time company decided to promote their 601s (I am a 602 from day1) and then this year honestly even though in some places my rating is strong I know they will shit on me again cause guess what, my manager changed again :$ I just don't have really high hopes from Chase anymore. Infact I am traumatized just working or thinking about Chase and how bad their attitude is towards their 602s.
Fair. I just left. If you’ve been there 3 years and are a 602, you should probably take the risk. Lots of stuff going on at competitors and other companies. 3 years isn’t jumping. Let me also guess - year after year of record earnings and great business... and nothin for the people. Chase has been decent but not a place anymore to stay long term. Lots of people getting ready to get their bonus in Jan and leave.
If you want out of your current role, you should go and do the full job hunt for a direct hire role someplace. Coming in as a contractor is not a good way to get a full time role. I’ve seen far more contractors get let go than converted. If you’re passing the bar for a contractor position, you should see how much farther you need to go for a direct hire and put your energy into that.
That is what every one else is saying and thank you for the elaboration. I did par that contract level. Now I am also trying to change my field a bit as well so I can benefit in the long run. I will prepare myself for direct hire roles but since I am.more experienced in my old role. I interviewed for that and I passed. But in all honesty i don't enjoy my previous development role anymore. I only did it to make a bit more money as many on blind only are following the money trail and unfortunately it left me with no hope but to do the same regardless of what I want because Chase isn't doing me any favor either. Their bad managers one after the other can honestly leave you with a traumatic, heart wrenching experience and that is what I have been going through. I am in this very weird place right now slowly coping with all the bad experiences and also changing my development skills so that I don't have to be traumatized by another company again ever or that atleast I have a Better chance of growth. Sorry for my rants...
If you feel like it’s better for your mental health to leave, you should add that to your pros and cons list. If you’re looking to change your field anyway then this might be a good time to get out of Chase. If you do take the contractor role, though, assume there is a reason they wanted a temp and not a direct hire and plan to move on very quickly. Keep interviewing for your preferred role, studying, networking - don’t get comfortable! I have seen contractors let go before the contract is up for budget reasons so take that into consideration, too. Best of luck with your decision and next steps.
Just curious, was there no non-compete agreement you had to sign at jpmc barring you from going to a place like Capital one?
Han ? What ? No why would a company do that? I think we are open to be able to move at another bank. No such restrictions. They just don't want you to be working on your personal software projects on ur personal time and have non compete for that ..
Not sure if this is LOB specific within Cap1, but In my LOB contractor conversions need to go thru same interview/testing as full time hires. So no advantage to you coming in as contract to hire unless you can convince them to bring you on at higher pay level.
So are you saying that I need to give another test again?
They mean that once you’re in as a contractor, if you want to convert to a FTE, you’ll have to go through the standard interviewing process before that conversion would take place. So yes, you will be tested again on the skill set.
Capone tests are easy
What type of a written test do they ask for?
Write the alphabet A to Z. Order doesn’t matter.
Dude don’t do it! Interview for a full time role.
Don’t do it! There is absolutely no reason to do it unless you are desperate. Go through the normal FTE hiring process. If you prepare it should be a breeze.
NO!
NO! NO! NO! FUCK-NO!! Contract workers (or disposable workforce as amazon calls them) are viewed very badly when you put yourself in the market after 1 year..
Do you mean after a year of you were to some anywhere else after a year? Do u think the same for contract to hire full-time? Its a 3 month contract to hire. Sorry I forgot to mention that in my post above. What do u think?