Contractors have strong background within their chosen field, meaning that they are confident with their decision to start contracting. With that said, why are so many people choosing to start contracting over working as a permanent employee?
In this blog post, Gorilla Accounting will be taking a look at some of the most popular reasons for employees to replace permanent work for contracting.
Potential Rate Increases
In the majority of cases, contracting pays more than the permanent market. Depending on what skills are in demand at one time, you could see a significant pay spike should you decide to start contracting.
With contracting, you are typically being hired to complete a project and which can mean that you could make more money for your services as contractors are typically paid much more than someone in full time employment. Contracting is very popular due to the fact that you can make more money without the need to climb the corporate management ladder.
Flexibility and Holidays
Working for yourself brings certain flexibility which is one of the main reasons so many people get into contracting. As you are employed by the company as a contractor, you would not be treated as an employee and this could be seen as an advantage as you will be in charge of your own workload.
In between contracts you will also have the opportunity for more holidays as you will be able to budget throughout the year. Again, because you are not a full time employee, you will be free to take holidays as and when you please, providing that this does not affect any service for the end client.
Although, when you take time off this means that you will earn no income, so any extra income that you earn within your contract can be saved for holidays.
Lack of Progression
Some companies do not provide additional training or support for their staff. As a result, people can often become frustrated or feel as though they are not progressing within their role.
As explained, if you choose to start contracting, there will be a bit more flexibility in the way you work which will allow time for any self-development. For example, if you are in full time employment it may be difficult to find the time to go on any courses which could help improve your skills. If you are working as a contractor, you will be able to make time in between contracts for anything which you feel could improve your service.
If you would like any more tips in relation to contracting, make sure to check out the rest of the Gorilla blog by clicking here.
