Q&A: Between 90k Contract Job and 60k Permanent Job
Dear JarusHub team
I’m in a dilemma of choosing between my current job and an offer that just came. My current job is on contract ending April with possibility of extension. Pay is N100k; take home is N93k whereas the new offer is more permanent pay N70k; take home around N60k with possibility of growth.
The contract job is on a project so the possibility of extending the project is on if the project is extended; the company is contracted to a state government.
The location of the new job is also farther to my house than the current one.
Should I take the new offer considering that my current job contract will soon run out? Or should I take the new job? Your candid advice is highly needed
Thanks
Azeez
***
Dear Azeez
Let’s review the situation
Pros of your current job:
- Higher pay
- Closer to your workplace
Cons of your current job
- Uncertainty of whether it will be extended
Pros of the new offer
- Permanent
- Career growth opportunity
Cons
- Distance to your home
- Lower pay
From all indications, you are tilted toward the current job. In addition, the difference in pay is a little high – like 33%. We will advise you keep it, while hoping the contract will be extended. You could also actively start looking for other job when you have hint that the contract will not be extended.
Regards
The permanent Job is a goal.
The probability of getting another offer asides permanent job offered ahead of the period when the contract job will be expired is not Certain. Likewise, The probability for the contract job to be renewed is not Certain. what if he probably looses the 2, contract & Permanent job?
I will prefer you go for the permanent job because of its job security and growth potential. Even if the contract job is extended,the fact that it’s still not going to run ad infinitum and little or zero prospect for growth, is enough reason to call it quits.
The only major disadvantage of location with the permanent job can be sorted out by relocating closer to the permanent job, if possible. I also believe the shortfall in the income by taking permanent job will be redressed sooner than later, especially if you are the type of person who is favourably disposed to the idea of second income popularly called ‘plan B or side hustle’ in the social context and the fact the new job has growth prospect.
All the best which ever way you decide sir.