The job market has changed a great deal over the years. Technological advancements, cultural, historical and global change, political shake-ups and pressures on resources have meant widespread upheaval across many industries. This means the jobs that were around 20 years ago may no longer exist in today’s job market.
Another major change is that people change their jobs frequently. Read below 6 good reasons why to become a Contractor!
Reasons to become a Contractor
Less and less people want to remain in one job until their retirement. In many cases people tend to stay in a job that they are unhappy with only because they do not have the freedom or security to quit. It is usually a choice between survival and the job. However, if you can take a risk and leave that boring job behind, then contract work may be an option for you.
Working as a permanent employee usually means you have a very dictated work schedule unlike contracting. With contracting you usually have flexible working hours, especially when you are getting paid for hours you work. This in succession means you can adapt your schedule to your personal lifestyle.
2. Keep a good work/life balance
Many contractors are allowed to work from home. This saves commuting time and also limits time wasted on unnecessary meetings. Contracting allows you to determine where, how and when you work giving you the freedom permanent work does not. You are able to choose roles you enjoy.
3. A permanent job might not be that permanent
As we all know today’s business world is very unpredictable. Anything can happen from a company downsizing to relocating. Contractors actually have a set end date and know when their work is going to end. If the contract is extended for a few more months, then that is an added benefit!
4. Earn more money
Contractors are usually paid a lot more than what a permanent employee would be paid. This is especially apparent if your skills are in demand. In the case where you would become part of a company that desperately needs you to work overtime, you might take advantage of it and reach even higher rates.
It is not only the higher salary that a contractor has, but the ability to offset expenses which gives a higher retention rate. Moreover having a limited company gives the contractor the ability to draw their funds as a dividend rather than having a whole salary, this also increases their retention.
5. Test drive the company
If you like the company you are contracting with, you can always check if there might be an opportunity for full-time employment. We suggest first working for a company as a contractor.
Some employees, whether they want to or not, find themselves tangled up in office politics. For various reasons this may be demotivating. Being a contractor helps you avoid it since you are solely judged by your skills and output. Your only worry is to complete tasks you are assigned to do to your best capability.
Unlike working in a permanent role, as a contractor you are not tied to a specific company or industry. This gives contractors the opportunity to build a network of professional relationships. The variety in roles and companies will build a diversity of skills which will help you succeed in securing the role you want.
Moving around companies and projects will help you gain a great deal of experience. You might use new tools, software, activities, processes, get to know new people and deal with problem solving in different ways. This wide range of experience might make you a specialist and an even more desirable contractor for the next job. Another perk may also be that you do not have to always do the same type of work since you will be experienced in broader tasks and activities.
How can WNIC help?
If these benefits sound amazing and you are keen on living in different countries (not necessarily) and gaining experience in different companies then becoming a contractor is the right path for your professional life. Contact us for further information and one of our relationship managers will guide you through the process.