1099 Analyst Position
I recently interviewed for a position as an analyst role at a small firm with 5 employees, with all but 1 well into their 40s-50s.
I won’t ramble on but long story short I am terribly unhappy with my current analyst role and employee turnover is extremely high. I thoroughly enjoyed my interview and the work seems interesting and would allow me to wear a lot of hats as it relates to asset management.
My only reservation is that it is a 1099 role, meaning I would get no health benefits, no retirement etc. He ensured the pay would be higher than market, which would presumably help bridge the gap with the lack of benefits. He said it just doesn’t make sense given the size of the company to have everyone be on a W2.
Has anyone else been in a similar situation? Am I crazy for considering a non W-2 position.
Seems like the company is maybe not one you want to go to and doesn't do well. If these guys were crushing it for years (most in their 40-50s), they would have no problem paying some new kid a salary and benefits. I have found the cheap places (like this one offering no benefits for a salaried role) either (1) have done well and don't give af about the juniors or (2) they barely scrape by and can't actually afford to pay you benefits which is insane.
Either way from this piece of information it does not seem like a place I would want to work and be at long term. I would say stay in your current role and embrace learning by wearing different hats when others are getting laid off and leaving the industry. Don't just jump to some firm because you want to leave.
Edit: Misread, but still stay in your current role. Sounds like they're screwing you up front here and you are basically a consultant/non employee in the IRS eyes and in reality. Do not move here, it does not seem like a place that would care about your growth.
What they are trying to do is just illegal. Doesn't mean that it isn't a great place to work or opportunity. Just any analyst doing 1099 work means they can't tell you what to do. There would be a good case for a lawsuit, if they wire you as a 1099.
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My first analyst role out of college was at a job that had no benefits. It was during Covid so I didn’t really have a choice, but I would not recommend it to anyone.
If you're not dead set on Commercial RE, shoot me a PM. Analyst role just opened up in my group
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