Is a Contract Position a Stable Long-Term Career Choice?
Contract positions oftentimes are considered to be short-term jobs. However, they can have a positive impact on your career as a whole and, in some cases, can even be a stable long-term career choice. Below are some things to consider before taking a contract job.
What is a Contract Job?
Contract jobs come in many different shapes and sizes. If you are hired as a contract worker through a staffing agency, you are paid through a W-2 by the agency. This is typically for a predetermined period of time or as long as a project lasts. Some companies will also hire contract employees directly. These individuals are usually paid on a 1099 and have a predetermined contract limit.
How Long Do Contract Positions Last?
As mentioned above, contract positions may vary in terms of length of employment. They tend to last between three and 12 months. Some will also have the opportunity to renew their contract at the term limit, depending on the project and company needs. During the period of time outlined in your contract, your job security is fairly solid. However, as the end of the contract nears, it is important to focus on what your next steps might be as far as employment is concerned.
Benefits of Taking a Contract Position
All of that being said, there are many benefits to taking a contract job. While it may not offer long-term employment, it can provide you with fantastic experience to make significant career moves. Many contract workers are able to benefit from the flexible work schedules many positions offer. Some of the other benefits include:
- Earning higher pay (offsets the lack of benefits)
- Building a larger professional network
- Gaining different skills to enhance your resume
- Opportunities to work in various industries
- Finding a job and career that truly fits your passion
- Getting your foot in the door with a company you admire
- Testing out the company culture before making a long-term commitment
Should You Take a Contract Job?
Whether or not you take on a contract job will depend on your overall career goals. If you are experiencing a lull in employment or hoping to change fields, a contract position can be a great stepping stone to get where you want to be. It can also help you fill gaps in your employment.
For some individuals, it can also lead to a full-time position with the company, giving you a chance to get a feel for the business before committing fully. Either way, these contract positions provide you with valuable work experience to add to your resume. So, when it comes to taking a contract job, keep an open mind.
Where to Find Contract Jobs
You can find contract jobs in a lot of the same ways you find traditional full-time positions. Search job sites, such as Indeed and Monster. You can also connect with people on social networking sites like LinkedIn, Facebook, and meet-up groups.
Working with a staffing agency is another great way to find a contract position. Whether you are searching for a contract position or a full-time job, The Bradley Group can help you. See what jobs our team of professionals can help you discover.