Hummm
I know someone recently offered a 1099 with perspecta - thinking it over. LLC is required so the offer may not be worth that expense.
Why hire 1099s if an hours cutback is happening?
Going the way of SCIS? Stringing along the full timers on reduced hours all the while hiring others who will cover the workload at a lesser expense.
As long as the industry has the 1099s the there’s no getting rid of the private contracting companies.
@WildnCrazy Think outside of the box…there is more to this industry than DCSA to include SCIS, Perspecta, and CACI.
I got hired on with Omniplex on a couple of non dcsa contracts as a 1099, no LLC required. However, I’ve been in the process since october and still don’t have creds or anything yet. I just finished some required refresher training last week so I suppose I’ll hear something eventually, but for the most part it’s been silence since I sent back the signed offer letter.
Years ago I was “hired” by Omniplex. I signed all the paper work and never heard back from them. Same thing happened to a CI colleague of mine. I assume Omniplex was merely using my name (and the names of other new hires) as part of a head count in a contract bid?
Well I retired last month in January. I think I was lucky to get out at the right time. The writing has been on the wall plain and simple since CE first was tossed about. I was both an employee and IC with both USIS and Perspecta. I spent 15 1/2 years in the field and 3 years in Integrity. All in all the Industry was good to me, but things existed that never were resolved at least not in my mind as an FI. I left the field in 2018 due to getting absolutely nothing but T3’s. These became more complicated than an initial T5 in my opinion. And fees were not increased in the almost 8 years I was an IC. Bottom line I was working harder for less money. Then when the LLC requirement hit, that made me subject to a 6 percent business tax in Tennessee. Prior to this I paid no tax as Tennessee has no income tax for individuals. All the best to those than remain.
I have 2 hours of vacation so this will not be going well for me 
I have applied for a security specialist job but was not referred due to not meeting requirements. Should I be looking into education or training to be more qualified? What have you other former FIs done post BI world?
Read the details of using your sick time as well. The employee handbook has the details and it’s really pretty flexible regarding yourself and family members. I’m using Perspecta sick hours later this week for my first COVID shot.
I dont understand what is going on because they are advertising for full time in some regions and I know of Perspecta giving interviews for full-time Investigator positions as we now speak. What to make of that???
The locations they are hiring for are the places they have zero employees and typically have had to TDY FIs there. I work one of those areas often and my drive time is four hours total each trip.
Why would they care about this when all of the work is being done remotely by telephone anyways?
Well Im contracting in the same region and baely getting any work though as a contractor so trying to understand how they can be interviewing for a FT employee in the same location.
Sorry - to clarify this is non-DCSA contract work
That I don’t understand. Makes no sense. Sorry I can only speak to the region I am in and what I was told when somebody brought up that same question during our meeting after the mandated 8 hour reduction.
Probably hiring newbys at half the salary of current full timers which may be a business move. They can get 2 people for the price of 1 then weed out high salaried current full timers by squeezing their hours. Scis did the same thing and many people left voluntarily. By doing that they don’t have to pay unemployment. Plus they took the fed covid money which I believe prohibits them from laying off for a period of time.
They did not receive COVID reimbursement money from most customers. All that COVID time we were forced to take during the summer was a financial loss for the company. It’s still a puzzle to me why customers aren’t reimbursing us just a little. The big question I have is will the layoffs occur before or after the new Peraton merger/acquisition?
It sounded like from the town hall meeting that if things didn’t change in 4-6 weeks that a layoff could occur.
They did not receive COVID reimbursement money from most customers. All that COVID time we were forced to take during the summer was a financial loss for the company. It’s still a puzzle to me why customers aren’t reimbursing us just a little.
By customers I assume you mean DCSA, DHS/CPB, et al. Yeah, this would seems like a good thing. These government agencies should show a little love to their hardworking BI contractors. The money is already budgeted (set aside) for these agencies and they won’t be returning any of it.
Furthermore, it’s not a zero sum game. The U.S. government is now funded on debt. Taxation is now pretty much irrelevant in our monetarist economy.
The U.S. government now spends more than double what it gets through taxation. Federal money comes from writing debt and monetizing the value of the global reserve currency which the Fed controls. They can simply siphon off the value of every dollar in existence… presto magico… with monetarist sleight-of-hand policy. It’s literally conjuring up money in a sense.
Btw, for those interested in how this new economy works here’s where to start:
While the outright U.S. debt is closing in on $28 trillion according to the debt clock (https://www.usdebtclock.org/), according to Boston University economist, Laurence Kotlikoff, the total U.S. government debt (i.e., debt and obligations) was $222 trillion in a 2012 assessment. (Economist Laurence Kotlikoff: U.S. $222 Trillion in Debt | RealClearPolicy)
It is my understanding that any company who takes cares act funding has a set of regulations they must comply with. Not laying off employees for a certain time period is one stipulation. If I had to go out on a limb I would say this is likely why cares act funds didnt happen for Perspecta. Just like announcing mandatory PTO for who knows how long will nudge employees to leave on their own and save them additional money they dont have to pay out once layoffs start happening.
Before CE (Continuing Evaluation), the T-3 and T-5 interviews and cases would balance out, meaning the easy ones would pay for the time consuming difficult ones. Correct me if I am wrong, but with CE, only the difficult ones will need to be assigned. If I only had difficult cases, for the same pay, you could never make enough money to make a living off of. Now that Min wage has caught up to the min wage for BIs, it is easier and more profitable to just get a min wage job.
Even as a LLC, with 25% (at least) of your wage going to expenses and another 25% going to taxes, is is hardly worth the time anymore.
Until they increase the fees by at least 50%, this industry is doomed. I amazes me how the Gov will spend a dollar to save a dime…
That’s my feeling as well. But, once we become Peraton all bets are off. I think layoffs are pretty much a cyclical thing for every defense contractor. Perspecta was lucky in the fact that they had mass layoffs in January 2020 that kept us from sinking during Covid.