Advantages of Contracting

More and more companies are hiring contractors to undertake specific projects, provide extra resources during busy periods or maintain a flexible workforce during times of uncertainty. Contracting can be advantageous for both the employer and the contractor:

Cost savings: Employers save significantly on various compulsory payments they incur with permanent employees e.g. sick pay, holiday pay etc.

Wages: Due to the cost savings outlined above, employers are often prepared to pay a higher rate to contract employees.

Self-training: Contractors can choose their own methods of training and professional development, which are then tax-deductible.

Flexibility: Contractors are free to change jobs on a regular basis, without giving formal notice.

Experience: Contractors are generally more marketable due to their exposure to a wide variety of systems and organisations, which broadens their knowledge base.

Social: Contractors regularly make new contacts through different assignments.

Company politics: Due to the short-term nature of their roles, contractors often do not involve themselves in company politics.

Independence: A contractor is his or her own boss, and being self-employed can give great satisfaction.

Holidays: Contractors are not fixed to set annual holidays. This means extended holidays may be taken in between contracts.

Travel: Experienced contractors can use their transferable skills to market themselves in most countries throughout the world.

For more information on contract jobs with Morgan McKinley click here

More and more companies are hiring contractors to undertake specific projects, provide extra resources during busy periods or maintain a flexible workforce during times of uncertainty. Contracting can be advantageous for both the employer and the contractor.

This week we will take a look at the advantages of contracting from the employee’s perspective.

1. Wages: Employers are often prepared to pay a higher rate to contract employees as they save on Holiday, sick pay etc..
2. Self-training: Contractors can choose their own methods of training and professional development, which are then tax-deductible.
3. Flexibility: Contractors are free to change jobs on a regular basis, without giving formal notice.
4. Experience: Contractors are generally more marketable due to their exposure to a wide variety of systems and organisations, which broadens their knowledge base.
5. Social: Contractors regularly make new contacts through different assignments.
6. Company politics: Due to the short-term nature of their roles, contractors often do not involve themselves in company politics.
7. Independence: A contractor is his or her own boss, and being self-employed can give great satisfaction.
8. Holidays: Contractors are not fixed to set annual holidays. This means extended holidays may be taken in between contracts.
9. Travel: Experienced contractors can use their transferable skills to market themselves in most countries throughout the world.

For more information on contract jobs with Morgan McKinley click here. Next week we will take a look at the advantages from the employer’s perspective.
Please feel free to ask questions or leave comments below….

The way to impress any potential employer at an interview is to ask credible questions about the company or position. This will distinguish you from other candidates;

Below are some good examples of possible questions to ask…

1. How will my performance be measured in the role? This is your opportunity to uncover the key performance indicators and relate them back to you experience.

2. What are the challenges that would face someone in this role, how do you think these would best be handled? This acknowledges that you are prepared & expect to face challenges in a new role.

3. What skills or competencies do you value most for this role? Once you get this answer you can reiterate your strengths in these areas.

4. Ask the interviewer about what first attracted them to the company and what their background is? Interviewers often love to talk about themselves; it’s a topic they know well! This will help you build rapport and get a deeper understanding of them and the business.

The way to impress any potential employer at an interview is to ask credible questions about the company or position. This will distinguish you from other candidates;

Below are some good examples of possible questions to ask…

This is your opportunity to uncover the key performance indicators and relate them back to you experience.

This acknowledges that you are prepared & expect to face challenges in a new role.

Once you get this answer you can reiterate your strengths in these areas.

Interviewers often love to talk about themselves; it’s a topic they know well! This will help you build rapport and get a deeper understanding of them and the business.