The usual benefit with working Contract are the rates for Contract are a lot higher. In addition in the UK you can operate as a company this allowes various Tax benifits etc.
The down side are no holiday pay, no structured career development, no private medical care, no pension fund etc, items that usually are part of a Permanent job in UK.
Most planners I know spend the first few years a Permanent and for various reason end up as in Contractors i.e. employer goes "bust" etc. In my case I just got fed up with the lack of opportunity and the same old office ever day.
Looking back over 35 years of Contracting, that was best move I ever made, as I have since worked on some very intersting major jobs, travelled a lot at home and abroad and earned good money.
Member for
21 years 1 monthRE: Difference B/W Contract & permanent Job.
Hi
The usual benefit with working Contract are the rates for Contract are a lot higher. In addition in the UK you can operate as a company this allowes various Tax benifits etc.
The down side are no holiday pay, no structured career development, no private medical care, no pension fund etc, items that usually are part of a Permanent job in UK.
Most planners I know spend the first few years a Permanent and for various reason end up as in Contractors i.e. employer goes "bust" etc. In my case I just got fed up with the lack of opportunity and the same old office ever day.
Looking back over 35 years of Contracting, that was best move I ever made, as I have since worked on some very intersting major jobs, travelled a lot at home and abroad and earned good money.
John