Swings and roundabouts really. Whats a pro for one may be a con for another.
Pro
Money - you have the opportunity to earn a lot more of it, not only in day rate but also in tax breaks
Experience - trust me there is no boredom, can be fast paced but you learn to cope and stretch your own skill set very quickly. (which in turn helps you negotiate higher rates on your next contract)
Holiday - to a certain extent as long as you do whats required, you can take time off whenever you want
Politics - you dont get much of it
Reputation - Do you job well, dont create waves and contracting will work for you and help you secure future roles
Flexibility - admittedly its a bit sketchy at the moment but I could always pick and choose what role, what country I wanted to work in.
Con
No holiday/sick pay or pension contributions
No Continuity
Pay for your own training/courses
Potential insecurity regarding your next contract role
Other Permies can be a pain!
Mortgages/loans/credit cards can be difficult to obtain
Time - this you may lose in travel or just the fact the role is that demanding your day never ends...
Tax breaks - got screwed by the tax man
Everyone is different though, some love it and others dont. 95% of the time I loved it.
Hope this has helped.
Pro
Money - you have the opportunity to earn a lot more of it, not only in day rate but also in tax breaks
Experience - trust me there is no boredom, can be fast paced but you learn to cope and stretch your own skill set very quickly. (which in turn helps you negotiate higher rates on your next contract)
Holiday - to a certain extent as long as you do whats required, you can take time off whenever you want
Politics - you dont get much of it
Reputation - Do you job well, dont create waves and contracting will work for you and help you secure future roles
Flexibility - admittedly its a bit sketchy at the moment but I could always pick and choose what role, what country I wanted to work in.
Con
No holiday/sick pay or pension contributions
No Continuity
Pay for your own training/courses
Potential insecurity regarding your next contract role
Other Permies can be a pain!
Mortgages/loans/credit cards can be difficult to obtain
Time - this you may lose in travel or just the fact the role is that demanding your day never ends...
Tax breaks - got screwed by the tax man
Everyone is different though, some love it and others dont. 95% of the time I loved it.
Hope this has helped.
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