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Or you could leave and they could contract right back to you. Almost everyone I know who has left a company to go out on their own has consulted back to that same company - on better terms.


Really? I wonder if that varies by industry. In my current company and the last company I worked for (insurance), they have a very strict policy in place that they will not hire any former employee of the company as a contractor until they've been gone for at least 5 years.

Also, based on my experience, my industry doesn't hire contractors or consultants except in the IT area. Maybe on the financial side (accounting, investments), but I suspect they don't because of fiduciary concerns.
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