Recently I was approached by the owner of the company for which I am employed for 30 yrs. to be a subcontractor instead of an employee on payroll. We are a professional services firm and bill our clients for the consulting work we perform. As a subcontractor, I will be able to bill $100 an hour for service performed . The way I see this, as long as I can bill a certain amount of hours as a subcontractor I can make the same amount of $$$ or more on that I do on payroll. I am a top performer, client and service providers always commending me on my work. I meet my billable hours and know how to get things done without managements involvement. My concerns are a) one of our clients may reduce the amount of consulting hours we are able to bill, so this in turn can affect me . This client was mismanaged by another associate (who is a subcontractor and best friend of the owner's boyfriend..ahem.. .more to the story) so it has affected the company. b) owner said as subcontractor, vacation and days off for which I have earned would not be paid for - as they are today c) gut feeling is I dont think she has my best interest in mind and looking to save the company $$ (vaca, days off, and other fees employers have to pay for an employee to be on payroll. FICA, etc) . In our preliminary discussion, I stated that I do not want my income to be less than it is today. She stated "there will be no cap on the hours you can bill" . Of course it is all dependent on the work in house. Since this is not etched in stone (we will have another discussion), looking for suggestions on the best approach and words to use to be certain that this change will be in my favor.
Thank you. .