Consulting vs. Employee article
This article in Information Week provides a pretty good starting point for the discussion comparing consulting to being an employee. I agree with most of the observations regarding working outside the political structure, being a "second-class citizen, needing a tough skin, etc. One point of disagreement, though; in my experience, pay for overtime can be negotiated upfront by agreeing to a straight hourly charge. This usually discourages the client from asking for too many late nights and weekends.
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