The Benefits of Fixed-Term Contracts

Contract work is becoming a popular way of working among both employers and employees. Although this type of work is available across a variety of sectors throughout the year, the roles often arise when companies embark on special projects. It’s also not uncommon to see the number of roles peak seasonally and increase during sector-specific busy periods. In this article, we explore the employee benefits of undertaking a contract role.

What is contract work?

Contract work presents opportunities for candidates to work in a role for a fixed period or on a rolling contract. The rate of pay will be relative to the seniority of the position and the length of time an individual would be contracted for. The average length of a contracted position is between 3-12 months.

Contract workers are drafted in as experts in their field, they are required to fill a skills gap and deliver a defined outcome.

How is contract work different from temp work?

Temporary and contract work are similar in that they both offer shorter-term roles, but contract jobs are often more defined in the length and terms of the contract. Temporary workers are often paid on an hourly basis by the agency that recruited them, while contracted workers will be paid directly by the company they are working for. Both job types see employees accrue annual leave.

What are the benefits of contract work?

Expertise

By working in a variety of positions and companies, alongside a wide range of individuals, you will naturally develop a reputation as an expert in your field, as well as becoming highly adaptable to different work environments.

Fixed-term contracts are also an excellent way to land roles in firms that might otherwise prove quite challenging to get into. The learnings gained from working at large corporates and smaller companies will provide you with an insight into different cultures, as well as a diverse range of working and leadership styles.

These are very desirable traits from an employer’s perspective and you will always be making new contacts, which means you are unlikely to be short of offers for work. Speaking of which…

Develop your network

Contract roles will see you engage with new contacts at each assignment, widening your network and boosting your profile, leading to future opportunities. The conversations that you have will naturally be more focused on the work that motivates you, and how you think you will make an impact to the organisation.

If you are keen to expand your network, and build on your existing skills and expertise, contract roles could aid you in achieving these goals. It’s a modern, refreshing approach to work, that enables you to create a work/life balance that suits your individual needs, contributing to your sense of accomplishment and achievement, that serve to motivate you further.

Variety

Each placement will present new challenges, meaning there is less opportunity for you to become complacent. Rather than run the risk of getting stuck in a career rut, contracting presents an opportunity to hone your skills, put them into practice, before taking the sharpened version with you to help you overcome the next challenge you encounter in a new role. Alongside this, you will meet many new colleagues, suppliers and clients, all from different backgrounds and walks of life. This cultural diversity increases our knowledge, widens our perception and can improve transferable skills.

Experience

Working in a range of roles will force you to be intellectually agile and flexible to meet the unique demands of each position, company and team. You will also gain experience in working with various software and operating systems.

Job satisfaction

For those who enjoy seeing jobs and projects right through to completion – contract roles could be the ideal way of working.  Contractors are often engaged to deliver defined projects, and in consistently doing so, you increase your confidence and satisfaction in the roles that you undertake. Contract roles affirm that the commitment and effort to a position or project has been recognised and appreciated by the employer.

Flexibility

Contract work provides you with a great deal of flexibility. You are in control of the assignments that you undertake and the location that you work in. Not only that, but as a contractor you are not obligated to accept roles back-to-back. You have the option to take time out between contract assignments to suit personal commitments or an extended holiday. As a contractor, you can tailor your working schedule to your suit your needs and career aspirations.

While the fixed term aspect of contract work means that it’s not quite as flexible in its nature as temping, it does offer more stability. In comparison, temporary work is often carried out on a week-by-week basis and can be of unknown duration.

If you would like to further explore the benefits of contracting and learn about the roles that we are currently hiring for, please contact info@annecorder.co.uk 

About the Author

Emma Plummer

Emma Plummer

Recruitment Partner

Emma blogs for the ACR jobseekers’ blog covering tips on how to stand out, managing the job-hunting process and more.