Different country, different rules. In most professional places if you're doing your job you won't get looked at.F**K that lol. I wouldn't even work for a company that could choose to fire me for no reason at all at any point.
Straya has pretty good workplace protection laws. You need a good reason to be fired (incompetent, gross misconduct, etc) otherwise you can sue for unfair dismissal.
It's really not hard to fire someone though, if they're clearly underperforming to a set standard you can fire them without a warning. Best practice is at least 1 written warning, which makes sense IMO. Tell your employee they're stuffing up and how to fix it, makes the worker base more stable and saves the company costs in hiring and training a new employee from scratch. If they fail to change, feel free to fire away.
I don't think I'd be comfortable taking out a house loan if I knew any day at work could be my last for looking the wrong way at the wrong person :/ and I don't know that the banks would be as happy to lend to me either.
The only time you can "fire" an employee who isn't breaking the rules is if the position is being made redundant. Even then you have to give 2-4 weeks notice depending how many years the employee has been working with you, and if you hire someone else for that position within a year you'll be in a ****load of trouble.
Do the contracting thing. You'll love it, even if just because you know how much you don't enjoy your current job. Worst-case, you can work for the 8 months, take 4 months off and still be ahead in your yearly earnings.
While our protections in the UK are generally pretty great, back in late 2016 my employer laid me off (without ending my employment with them) for 4 weeks, and then brought me back on part-time for two weeks, so I had about a week of pay spread over 6 weeks. This was entirely legal.
https://www.gov.uk/lay-offs-short-timeworking
They did this because officially my numbers weren't good enough - I was booking about 30-40% of my time to billable work, so in their view I was doing nothing productive with the other 60-70% (which wasn't at all true). Despite my billability being low, my profitability was higher than almost every other employee due to the hourly rate that cell site analysis draws, but since they weren't the sort of management to look that deep, away I went. That was a fun (read: agonising and depressing) part of my life.
Funnily enough, a few days ago I had a text from my old boss where he explicitly said he wishes I was still there; it's taken 2 new employees to just barely fill the gap I left The text convo started off with him having to ask how to fix a problem because none of them could figure it out, that left me smug as heeeeeell (I loved my team so I'm happy to help; if it were the management I'd tell them to **** off in exactly those words).
Nooo you shouldn't have done that now they know they can just ask for your opinion at any time without needing to pay for your services.
^ "Business" crashplan $10/mo
Though I recently moved all my stuff to Backblaze B2. Couldn't be happier.
But 120k ! I could save a house deposit in 6 months I have a lot of thinking to do.