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www.innovationtech.co.uk - InnovationTech - Innovation Technology, Ideas and Resources
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04/02/2008 08:44 AM
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Contracting Today
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Welcome to the Market - a quick glance at contracting
What are the advantages and disadvantages of the contract versus the permanent role?
With a policy to drive operational jobs to labour markets that are cheaper than London such as Glasgow and Mumbai I find my contract not being renewed. I was working for an American investment bank and the credit crunch may have some influence. It is a well known fact that banks drop contractors as the market economy dictates.
There was a slight concern that this was a cover story. However another contracter on the team was also "let go". One thing to learn as a contractor is never take anything personal. Business is business and after 2 years did my client actually owe me anything? The answer is no and I owed them nothing either. This was time to move on. The decision was to remain contracting or run for the shelter of a permanent position.
That introduction aside this an article about the contract world. Are there benefits? what type of person contracts? What are the differences between the 2 roles. Clearly there are 2 main types of job role; the permanent (permie) and the contractor. The rules for employment can be very blurred. There are different expectations in each job. In the world of the permie the job contract consists of an understanding that in addition to providing money for a job function that the employer will train and develop an employee.
Training and development The contractor takes on development and training off their own back and at their own expense. This isn't a major disadvantage and is more than compensated by the exposure and learning of direct experience in different environments. Learning on the job is a major bow in most contractors arsenal.
Job protection If layoffs are required the contractors will be culled first. Contractors generally work harder and are more motivated than permies but lack job protection. When a permanent person is onboarded and doesn't fill a function it is beaucratically more difficult to remove them. This job protection or perceived safety cushion is what pvents most people from entering the contract world.
These two disadvantages warrant the higher money that can be paid. Sometimes a job role can be duplicated by a contractor whilst the permanent employee perceives this is an unfair pay advantage. Every seasoned contractor knows it is wise to save a crash or slush fund for that end of contract whether anticipated or not.
Social Environment The rift between contractor and permanent staff goes further than renumeration. The more interesting projects outside of bau (business as usual) seem to get outsourced. In come the consultants and the opportunity to learn and gain "glory" is missed.
That said in most business cultures contractors and/or consultants can be embedded. There is very little divide socially and consultants are invited to corporate celebrations. How well a contractor embeds is largely due to the social skills of the individual.
The stigma or perception that changing roles and jobs can be detrimental to a career has subsided greatly. The job market and landscape changes rapidly, skills are transferable and the economy still strong so why not?
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01/21/2008 06:28 PM
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Hireyourman - Hire your man resource portal started
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Hence begins the building of hireyourman.com - the idea is a resource portal for hiring
HR Articles will be spent from here.
Hiring trends, resources and ideas as well. A few initial links have been added.
Topics coming up. How to get hired
The obvious steps are: 1) Prepare cv 2) Submit through job search engines such as www.jobserve.com www.monster.com
How to hire someone Want to get hired 1) Prepare your interview skills 2) Get a suit 3) Brush up on skills, certifications and qualifications
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