I've been on a rolling contract for a little over a year now out of school, and prior to that the work I did was in and out of internships.
I've heard that employee status is much more preferable than contract status, and I'd like to better understand why. I understand that employee status often comes with better benefits, like health-care, vacation, and salary, but one thing I'm especially curious about is if being an employee confers more job security than being on contract, and why?