The good and bad of contract work
Thinking of taking on a contract-based job? First consider some of the pros and cons:
Pros:
- Flexibility for those who like the freedom of working on preferred projects and for different companies
- Opportunities to explore new firms and sectors and to learn new skills
- Freedom to decide your working periods: you can work for six months and take a three-month break
Cons:
- May not get the same level of compensation or an equal range of benefits as full-time employees
- Lack of job security as it is the company’s decision whether to renew your contract
- Possibility of a ‘gap’ between contracts if you can’t find another job immediately after the previous one expires
Sources: Robert Walters, The GMP Group, Mercer
More seek contract work
Professionals less picky as jobs become scarce amid recession: Poll
By Fiona Chan
AS THE recession continues to erode the job market, it is changing the rules of the employment game. Contract-based work is getting more prevalent as companies look to slash costs and individuals get less picky about their jobs, according to recruitment agencies.
A recent survey by recruitment consultancy Robert Walters found that professionals in Singapore were showing ‘an increased interest in taking on contract work’, with as many as a third of the respondents happy to do so in the dismal economic climate.
Fifty per cent of them would consider contract work if no permanent positions were available, said Robert Walters.
Recent Comments