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Old 06-12-2016, 10:45 PM
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Contract job is basically like OJT/internship. It is a better internship since you are paid higher as conpared to internship experience. Company that want to see whether the person can do the job well and fit the environment will hire them on contract basis
Nah thats just the official positive spin. Real reason is companies need to manage h/c and contain cost but cannot come up with policies that affect the perm employees and company branding, so they outsource to contractors.

Of course as time pass and situation change, there will be occasional permanent openings in which they will pick the best contractors to convert since it is less risky with proven track record from the person.

In difficult times like these, they will just renew and renew without offering perm no matter how good you are if they cannot secure the headcount approval. Ask the thousands of contractors in banking BO who have been renewing their 2 year contracts since 2008. They are still lucky, many average or poor performers were simply not renewed.
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