We are often asked “Should I become an IT Contractor?” This is a question that can only be answered by you as an individual, based on your own personal situation and choices. There are benefits and downsides for each type of work, here are some of the advantages and disadvantages of contracting.
Advantages of Contracting
- Higher earning potential
- More tax efficient way of working
- Greater flexibility & freedom
- Gain more experience with different technologies
- Improved skills & learning at a quicker rate
Disadvantages of Contracting
- Less job security or stability due to fluctuations in the market
- More administration
- No holiday & sick pay
- None or very limited benefits
- No fixed salary
- More time and effort required to maintain steady workflow
The above is not intended to be an exhaustive list, whichever route you decide we recommend that you explore all of the options in full taking into consideration your lifestyle and what would be best for you and those whose lifestyle may be affected by your choices.
If you do decide that what you lack in security and stability you will gain in having more flexibility and freedom then talk to one of our consultants first who can advise whether your skills are marketable enough to sustain long-term contracting before giving up your permanent job.
Whichever you choose, we offer the highest level of service to get you where you want to be.