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1099 VS. W-2: Federal Contractor or Federal Employee?
Rating: 4.4 out of 5(6 ratings)
19 students

1099 VS. W-2: Federal Contractor or Federal Employee?

The Pros & Cons Between Independent Contracting & Direct Employment for Federal IT Governance Professionals
Created byZen Federal
Last updated 4/2021
English

What you'll learn

  • Capital Planning & Investment Control (CPIC) concepts
  • How to work freelance, gig, part time or full time role with the US Federal government and its contractors in the IT project management field(s).
  • Real life experiences from a freelance government contractor.
  • How to pursue a new career and what to know if you want to enter a field with job openings and a real need for newcomers.
  • People looking for office or remote office jobs supporting the US federal government.

Course content

1 section14 lectures39m total length
  • Introduction2:40
  • Employment Options1:57

    Evaluate federal contractor options by comparing direct employment and subcontracting as an fte or a 1099 freelancer, weighing safety nets, training autonomy, and supervision needs for development.

  • Benefits5:30

    Explore the trade-offs of leaving a large firm for solo contracting, including benefits, health coverage, and retirement options, versus managing time off, leave policies, and team engagement.

  • Personality and Core Values7:48

    Explore how self-driven, autonomous professionals prioritize flexibility, independence, and work-life balance, embracing 1099 contracting over traditional employment in a multifaceted, ethical, client-focused landscape.

  • Taxes1:26
  • Fed Specific Considerations0:56

    Register for SAM and manage federal government login requirements, following tutorials to navigate screens, save work, and schedule annual updates for compliance in the federal market.

  • Longevity0:51

    Build longevity by keeping skills relevant and establishing repeatable processes to predict income and outcomes as you navigate 1099 contracting versus W-2 employment in a post COVID climate.

  • Promotion3:53

    Promote yourself by building a strong personal brand, leveraging LinkedIn and contractor platforms, and showcasing your reputation, past performance, and referrals to attract federal contracts.

  • Evaluate Alternatives3:45
  • Outsource2:10

    Outsource the tasks you don't love in your freelance business, from SAM registration and GSA schedule to payroll, benefits, and bookkeeping, so you focus on your strengths and client work.

  • Legal Considerations6:56
  • Reminders0:49

    Decide what's right for your career as a federal contractor or federal market space business owner, download a certificate of completion, and learn about continuing professional education requirements through ZenFederal.com.

  • Resume and Jobs0:24
  • Questions and Additional Contact Info0:12

    Explore practical insights from the speaker's experiences and access additional contact info on the speaker's website as new content rolls out.

Requirements

  • An interest in how IT works in the federal government marketplace.
  • A basic understanding of federal government contracting basics.
  • An interest in office or remote office jobs supporting the US federal government.

Description

This module is designed to help you understand, from real experience, how to go about making an INFORMED decision about whether to remain an employee working for others, or working for yourself.


What is Zen Federal’s online training?

For Individuals: Zen Federal’s online courses provide a cost-effective pathway to fulfill the large demands for federally mandated, IT based, well-paid, junior CPIC analyst positions including governance, capital planning, and budget vacancies within the federal government or federal contracting companies. Our mobile platform options make it easy and convenient for you to get started today!

For Groups: For hiring managers, Zen Federal provides bundled course options for onboarding and continuing education. Offerings are available through an interactive, robust, and versatile mobile platform that maintains up-to-moment status on employee training progress and simplifies the training process. Ask about personalizing your bundle to your needs!


What is Capital Planning & Investment Control (CPIC)?

Since the Clinger–Cohen Act of 1996, the Federal Government set out to standardize Information Technology with the aim of reducing costs, duplicative IT systems, and identify ways to procure IT assets more efficiently. In 1999, they created the Federal Enterprise Architecture which mandates the fed-wide goal of procuring IT in strategic ways by leveraging Federal, agency, and bureau information architectures to achieve cost savings gained by increased productivity. The core skills of CPIC are how these government mandated goals are achieved.

While these government mandated, IT based positions offer stability, desirable compensation, wide career growth, and continuing professional education opportunities; finding qualified recent college, trade school, or other academic graduates who already possess the skill sets for these vacancies are rare, as they are so unique and specific. Even if your current job provides you the opportunity to touch on some of these skills (such as the acquisition process), you still need to learn a great deal before you can be considered for an analyst position. That is where Zen Federal online training can come into play.

Zen Federal’s online training is designed to expose you to the publications, skills, language, and governing criteria that comprise the core of Capital Planning and Investment Control knowledge which will set you apart from other applicants seeking junior level analyst positions within government or contracting companies.

Zen Federal’s “FEDucation” instructor, Janelle Moore, has served as a senior professional, trainer, and mentor within the field for over 25 years. She provides her insights, varied skills, and expert guidance to assist students in all forms of federal governance, capital planning, and budget positions.

Janelle also offers her time, expertise, and recommendations for creating/updating resumes specific to the field, connecting with recruiters, and other requests as needed.


If becoming a CPIC Analyst is such a great career, why is there a shortage?

Great question. The attrition rate for CPIC Analysts is high. Candidly, many professionals serve only a year, or two before new opportunities arise. There has never been enough supply of trained, qualified professionals in this industry to meet demand and consequently, companies recruit from colleges or internships and provide zero to minimal training, besides on-the-job exposure. Additionally, an unprecedented number of retiring professionals has increased gaps within this small community. By attaining Zen Federal training certificates, you will stand out to hiring managers, obtain an interview more quickly, and arrive at your junior level position drastically more prepared than your non-trained counterparts.


How much career growth opportunity exists with CPIC training?

The shortage in the CPIC industry is not because people are dropping out of the community, it is because they are quickly rising through the governmental ranks, or they have taken on a more lucrative offer within the community. Once on-the-job, you will absorb all the department or agency’s policies, procedures, processes, and current administration’s governance; suddenly, you have become a subject matter expert. As such, you become a highly valued commodity! Typical ancillary career paths include project/program managers, IT directors, budget/finance managers, and cost estimators. Because CPIC spans a variety of subjects, i.e., finance and budget, risk management, and performance, lateral moves within the federal government and/or contractor jobs are also extremely common.

Simply put, the demand for well-trained CPIC Analysts is incessant. So, if you are a self-starter, articulate, have a basic MS Office foundation, are willing to apply for a security clearance, want to earn between $45k - $100k/yr. and want a new career – Invest in your future and sign up today!

Who this course is for:

  • FEDucation, CPIC, Capital Planning and Investment Control, Analyst, Project Management, Program Management, Portfolio Management, governance, solutions architecture, federal contracting, capital planning, budget, Technology Business Management, TBM, Federal Information Technology Acquisition Reform Act, FITARA, compliance, capital programing, Capital Planning, Analyst, IT Specialist, federal financial management, programming/ planning/ budgeting/ execution (PPBE)
  • People with an interest in working in the Federal Government Information Technology market.