Contract or Permanent?
A permanent or a contract role - Which is best for you?
Do you crave job security? Or do you hate being stuck in a rut? Do you like the idea of belonging to an organisation, and advancing up the ranks, or do you like the thought of working three months, taking three off? Are you chiefly motivated by money or job satisfaction?
Contract or permanent - how do you decided which is best for you?
It may be that you have little choice in the matter, as many organisations employ only contract IT staff, because of the project based nature of IT. In the world of rapidly changing technology, driven often by consumer demand, there will always be a high need for technical professionals on a contract basis. How permanent is a permanent job anyway? Times have changed. There is no longer such a thing as a job for life, and less and less little gold clocks adorning mantelpieces across the nation. However you may crave job security, and simply hate the thought of having to make new acquaintances every few months.
The following lists the most obvious pros and cons for both contracting and permanent work. What is most important to you?
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CONTRACTING |
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PROS |
CONS |
|
More money |
No holiday or sick pay, or other benefits |
|
Variety - new challenges |
Lack of job security |
|
Flexibility – take long holidays when you want them |
Risk of periods of unemployment |
|
Independence – you are your own boss |
Resentment from permanent staff |
|
Opportunities to learn more |
Lack of career advancement |
|
‘Try before you buy’ |
Have to pay for and organise your own training |
|
No office politics |
Less likely to get involved socially |
|
Networking and contacts |
You may not necessarily be there to witness your efforts come to fruition |
|
Build experience on resume |
May make you look fickle to prospective future employers |
|
PERMANENT WORK |
|
PROS |
CONS |
|
Company benefits |
Less money |
|
Paid Holidays and sick leave |
Paid standard salary even if you work consistently extra hours |
|
Career advancement and promotion |
Inflexibility – may not be able to take time off when you want |
|
Job Security |
Lack of variety - potential boredom |
|
Training and development |
Less opportunity to try/learn new things |
|
Job satisfaction and sense of achievement |
Office politics |
|
Feeling part of company/team spirit |
Feeling owned by the company |
|
Trust factor |
Easy to get stuck in a rut |
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