Increasingly, individuals are opting for contract roles, opposed to a traditional full-time role. But why? Contracting offers flexibility, a higher earning potential, and the freedom to choose your work projects, making it an attractive option for individuals.
In this blog, we will explore why more professionals may be making the switch to contracting, and its benefits.
What is Contracting?
Contracting is a work arrangement where an individual (a contractor) is hired for a specific period of time, or project by a company, largely on a temporary basis. Contractors are not usually full-time permanent employees, instead they work under their own business, or as freelancers. Rather than being an employee of a company, they are self-employed.
The Benefits of Being a Contractor
Flexibility
Contractors control their own work schedule and environment. Unliked full-time employees, who usually work set hours, contractors are able to select projects which are tailored to their needs, i.e., where they work, and when they work. This flexibility means that contractors can:
- Select their own working hours
- Work remotely
In turn, the flexibility offered by contract work can lead to a better work-life balance, as contractors will have more control over their time, and can adapt their work schedule to suit their personal needs.
Work-Life Balance
As mentioned, contractors usually have more control over their time which can significantly enhance their work-life balance. Unlike full-time employees, contractors can create a work schedule which suits their needs.
As a contractor, you are able to choose the type of work / the amount of work you take on. As such, a contractor can refrain from adopting a heavy workload if it interferes with their personal life.
The flexibility and ability to manage time makes contracting an attractive option for those who would like to maintain, or create a good work-life balance, whilst sustaining a solid career.
Earning Potential
Contractors often benefit from a higher hourly rate, in comparison to full-time employees, due to their often specialised skillset and temporary nature of the contract.
Additionally, contractors have the ability to alter their workload, and are able to work on multiple projects at once, often increasing their earning potential.
Opportunities
As a contractor, you will have the opportunity to work with a wider range of clients, on a wider rang of projects. Contractors are exposed to large spectrum of projects, industries, companies and clients. Not only is variety exciting, but it also displays a wealth of knowledge and professional experience, in turn making you a more adaptable and sought-after individual.
Next Steps…
If the idea of contracting excites you, Reperio are here to support you! At Reperio, we specialise in connecting contractors with top contract roles, within the IT industry, ensuring you find the perfect fit. If you’re ready to explore the benefits of contracting, get in contact with us today.
Written by Laura Ward