There’s no doubt that there are MANY benefits to contracting. Here, in part two of our new contracting blog series we focus in on some of the many benefits of contracting.
In today’s dynamic job market, contracting has become an increasingly popular option for professionals across various industries. Whether you’re an engineer, working in pharma, or a project manager, contracting offers a range of benefits that can make it an attractive career choice.
Here are some key advantages of contracting:
Flexibility and Control
Contracting allows you to have greater control over your work schedule and the projects you take on. You can choose contracts that align with your skills, interests and values, and enjoy the freedom to work when and where you want. This flexibility is particularly beneficial for those who value work-life balance and want to avoid the constraints of a traditional 9-to-5 job.
Diverse Experience
As a contractor, you’ll have the opportunity to work on a variety of projects with different companies, and teams. This exposure to diverse work environments and challenges can significantly enhance your skill set and make you more adaptable and hireable in the future. It’s a great way to build a robust portfolio and gain experience that can open doors to future opportunities.
Higher Earning Potential
Contractors often have the potential to earn more than their permanent counterparts. Since companies typically pay a premium for specialised skills and short-term commitments, you can negotiate higher rates for your services. Additionally, contractors can benefit from tax advantages and deductions that are not available to full-time employees.
Developing Your Professional Brand
Working as a contractor allows you to meet and collaborate with a wide range of professionals. This can expand your professional network and lead to new opportunities for future contracts or permanent positions. Building strong relationships with clients and colleagues can also enhance your professional brand and reputation and increase your chances of securing repeat business.
Skill Development
Contracting can be a great way to continuously develop and refine your skills. Each new project presents unique challenges that require you to adapt and learn. This ongoing skill development can make you more competitive in the job market and help you stay ahead of industry trends.
Job Security
While contracting may seem less stable than permanent employment, it can actually offer a form of job security. Contractors are often in high demand, especially in industries, like pharma and life sciences, experiencing rapid growth or technological advancements. By building a strong reputation and maintaining a diverse client base, you can ensure a steady stream of work and income.
Contracting without a doubt can offer numerous benefits that can make it a rewarding career choice. From flexibility and higher earning potential to diverse experience and networking opportunities, contracting can provide the professional growth and personal satisfaction that many seek in their careers.
Above covers off some of the benefits but there are many many more. If you’re considering making the switch to contracting get in touch with Claire Brogan (clairebrogan@ascendpm.ie) and her team.