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Pros and Cons of Contracting

30th June 2016

Article written by:

iContract

You’ve probably asked yourself this over and over: which is better, contracting or taking a permanent role?

  

They each have their pros and cons, and which one is right for you depends on your personality and how you want your life – and lifestyle – to work.

  

Let’s take a look at some of the options.

Advantages of Contracting Work

  • Lots of flexibility to choose your own hours
  • You have the ability to choose the work you want to do
  • Little or no involvement in office politics
  • You can drop the projects that come with any negative outcomes you dislike
  • You’re able to fit work around your personal life
  • Have the option to make appointments without upsetting anyone in the office
  • As much holiday as you can manage!

Disadvantages of Contracting Work

  • No employee benefits
  • Lack of community and social groups
  • Unpredictable income
  • You have to be able to motivate yourself
  • You spend a lot of time on your own – this could affect our mental health negatively if you don’t keep an eye on this
  • You have to chase your own work

Advantages of Full-time Office Employment

  • Provision of benefits like health insurance, paid vacation, and retirement contributions
  • Generally more stable and predictable than freelance contract work
  • Strong sense of community and of belonging to a social group

Disadvantages of Full-time Office Employment

  • Fixed hours, lack of flexibility
  • You may have to get involved in office politics
  • Often you have to defer to the boss over what work you do and how you do it
  • If you’re working with people you don’t like, you’re stuck with them
  • You have to sit in an office all day
  • No writing off expenses
  • Most of the time, you aren’t paid for over time
  • Very set amount of holiday

As you can see, there are arguments for both sides. We here at iContract enjoy contracting and we’re here to make your contracting life easier, so reach out to us if you require it and make sure you check out our guides to contracting.

  

We connect recruiters with contractors, so you can pre-register for iContract here and find new opportunities when we go live soon.     

Happy contracting!