If you’re unsure about long-term contract work, it might be time to change your thinking. Long-term contract work isn’t an assignment of last resort. Many candidates are actually leaving their full-time work for the opportunities that contract work can provide. Is contract work appropriate for all job seekers? No. However, it offers benefits and a change of pace that might be perfect for you!
Long-Term Contract Assignments
Contract positions fill in the gaps of a client’s workforce, and these arrangements are increasing in popularity with employers. Workers often leave their permanent jobs to work in these arrangements for a change of scenery, the chance to gain more broad experience, or simply because they dislike their current position or work environment.
Questions to Ask
If you’re thinking about a long-term contract position, there are many things to consider. A few essential questions include the following:
- How long is the contract?
- What is the culture of the company?
- What are the standard hours for this position?
- Could the contract assignment lead to a permanent position?
- What is the contract pay rate?
- What are non-taxable stipends?
- Are benefits available?
- How will this position benefit me professionally?
- What happens when the contract concludes?
Asking questions such as these will help you determine if accepting a long-term contract position is in your best interest.
Is Seeking a Full-Time Contract Position a Good Idea?
It might be tough for you to decide whether leaving your full-time job for a contract position is worth it. Perhaps the fear of a temporary position stops you, or you believe that these positions are low-paying entry-level assignments. However, a contract position can be just as rewarding as a full-time position:
- Contract positions have evolved, and they’re no longer limited to low-paying entry-level jobs. All industries hire contractors from entry-level up through C-suite level executives.
- There’s plenty of room for professional development with a contract position. It offers a great experience to put on a resume, and it can help you expand your network for future opportunities.
- If an employer of record (EOR) hires you, you will most likely not have to purchase your own health insurance. The EOR will offer contractor benefits to you.
- Most of the time, you will be eligible for unemployment after your contract assignment ends. This eligibility removes some of the risks of giving up your full-time job for a contract position.
- On many occasions, you can make more money per week on a contract assignment than you would with a permanent position.
- There are almost always openings, especially in health care. Depending on your specialty, you may be able to score a premium rate and increase your knowledge and skill at the same time.
- Long-term contract assignments are perfect for those looking to get a wide range of experience. With each new contract, you’ll have the option of selecting the location and type of work that you want to pursue next.
- Contract assignments reflect well on a resume, particularly in the healthcare space.
Before you leave your full-time job, do your research. You might find that the advantages of contract work outweigh the associated risks. You will see flexibility in contract work and health care, dental, vision, and a 401(k). Keep an open mind, and you’ll be nicely surprised at the opportunities available.
Are you interested in pursuing long-term contract positions? Contact Arbor Associates to receive the tools and support you need to improve your skills, earning potential, and career outlook.