Businesses often prefer to hire contractors for projects when they need specific skills for a short amount of time. As a contractor, you probably appreciate the benefits enough to contract for such businesses.
However, at Jumar we’ve noticed a trend in contractors switching to perm, and it’s not just those starting families. To understand why, we spoke with our network to determine what people considered to be the pros and cons of contract and permanent work.
CONS OF CONTRACT WORK
1. Unpredictable income
Unless you’re a top, in-demand specialist who constantly has work offers to pick and choose from, then you may experience periods of no work. These dry-spells can bring pressure and stress to your personal life.
2. No employee benefits
You will need to arrange your own insurance and pension, and although you can take all of the holidays you want, you’re not going to get paid for it.
3. Lack of community
It may be difficult to form bonds with permanent employees, especially when you’re working short-term contracts. Essentially, you’re a lone wolf.
PROS OF CONTRACT WORK
1. Choose your own work
As a contractor, you can pick and choose your own assignments and build work around your personal life.
2. Lots of flexibility to choose your own hours
Often, the projects you will take on will be to deliver a result by a certain deadline. So as long as you deliver on the due dates, you can decide your own hours of work.
3. Little involvement in office politics
Because you’re not in the office permanently and you’re not competing with any permanent staff, it’s a lot easier to stay out of office politics. Being a contractor also means that you can choose to not renew contracts if the internal atmosphere affects your work.
CONS OF PERMANENT EMPLOYMENT
1. Lack of flexibility
Most workplaces have fixed hours and it can be difficult to maneuver around them. Spontaneous holidays aren’t likely to be approved.
2. Office politics
Personality clashes can make simple tasks complex. Salaried employees may have to deal with negating difficult environments, and competing with their peers for rewards.
3. Less control over your work
Being ingrained into a company means that you often rely on others to complete your assignments. Your boss may need coaxing to agree with your ideas, which can take its toll.
PROS OF PERMANENT EMPLOYMENT
These things can make a huge difference to your financial well-being and health, and that of your family too. Many businesses are often beginning to offer additional benefits to entice talent, such as cycle-to-work schemes, free drinks and subsidised gym memberships.
2. Better stability and job security
As long as you’re working well, getting on with everyone, and the company isn’t hit with financial cuts you don’t need to worry about your next job. You have a stable amount of income coming in and you can plan ahead with confidence.
3. Office community
Spending all that time with your peers naturally, results in friendship. If you’re an employee you’ll feel as if you’re ‘in it together’ along with all of the other employees.
Jumar Recruitment works with clients all over the UK to fill both permanent and contract roles in areas such as Analysis, Architecture, Infrastructure, Management, Software Development, Support/Helpdesk, QA/Testing, and more.
If you’re looking for the next step in your career contact Jumar today on 0121 788 4550 or upload your CV here.