Over the last few years, we have witnessed an upward trend in contract staffing employment in the United States.
In 2018, temporary and contract staffing employment amounted to approximately 16.8 million. And this number is expected to have increased as we’re a couple of months shy from 2020.
Most of these temporary workers comprise of technically talented people, which keeps many employers guessing: “why do they like contract work?”.
It’s a valid question given that most people graduate or learn technical skills to secure a job and earn stable income or start their own business.
To learn the answer to this question, we’ve contacted top hiring professionals. After a detailed discussion, we have amassed five key reasons why technically talented people opt for contract work.
So, without any further ado, let’s get started
Young technically talented employees find temp positions more lucrative
People often confused technically talented employees with experienced professionals, however, they’re not the same!
In fact, most technical talented people, particularly in the IT sector, are young individuals. millennials, and even fresh graduates. They love contract working until they find their dream job.
Contracting job is also lucrative for young grads who are uncertain about their career path and tap into different fields to learn its potential.
But make no mistake, these individuals are equipped with technical knowledge and can easily be trained to become productive members of the workforce.
Contracting work provides more flexibility compared to traditional 9-5
The key reason why most technically talented works choose contracting work over conventional nine-to-give is flexible hours and defined workload.
For instance, a tech-savvy contract worker can perform an assignment in 20 productive hours instead of working a conventional full-time job, where they have to spend non-productive hours plus commute.
There’s a wrong perception that contract staff earn less money than regular workers. It’s actually the other way around. Contracting work is more rewarding than conventional jobs.
A temp worker can actually make around 10 to 20 percent (or even more) working the same hours, that too with flexible timings.
However, many technical workers don’t work a 40-hour week and choose to earn less money for more free time. For example, they might negotiate a 30 hours/week for the same amount of pay that a full-time employee earns.
The gist is, it provides choice and flexibility to employees who want more control over their workload and lifestyle.
Is that mean that contracting work costs more money for employers?
Absolutely not! You might assume that contracting work costs the company more money, given that we just stated the contract workers charge more. But that’s not true.
Companies also benefit from these kinds of arrangements. For starters, they don’t have to go through a conventional hiring process which can be costly.
Moreover, full-time employees aren’t productive the complete 8 hours every day. A temporary worker with defined work objectives and hours is likely to work more efficiently than regular employees.
In addition to that, it saves office space, equipment costs, and other expenses that the company incurs to bring an employee on board.
Contracting staff is always high in demand—better chances of securing a job
Contract work is gained traction over the last few years as most employers look to hire specialized, technically talented workers on a temporary basis.
The availability of agencies that can provide a talented and qualified workforce has also contributed to the increasing demand for contract staff.
The high demand means that people have a better chance of securing a job as a contracting staff than getting full-time employment.
The fact that most people are looking for a typical 9 to 5 means there are fewer technically talented employees available to fill a temporary position, which further drives their demand.
The less competition is a good incentive for workers who are looking to quickly get a job. It also enables them to test the waters i.e. check the work environment before settling for a position.
If the genuinely find the position interesting, they keep sticking around otherwise look for other opportunities. Speaking of sticking around…
Contracting work can lead to full-time opportunities
While contract positions are part-time with a specified duration, there’s no law that says that temporary workers cannot be appointed as full-time employees.
As a matter of fact, many technically talented workers seek employment in reputable companies hoping to become a full-time employee.
And that happens a lot! One-third (35%) contract employees were offered a permanent job by a client where they worked on an assignment.
If an employer is impressed with the performance of technical talented employee, they end up hiring them as permanent employees.
As the employer has already seen their performance and work ethics, they can make the hiring decision with confidence—not to mention that it also saves the hassle of recruitment process and costs associated with it.
In a nutshell, contracting work provides both employers and temporary workers an incentive to learn about each other before they agree to make the arrangement permanent.
Vacation and traveling
Technically talented people tend to travel more than regular employees. Whether it’s in pursuit to get higher education or going to vacations, they often have to relocate and travel, which isn’t an option with a traditional job.
Contracting work provides the flexibility to work with no strings attached. As long as contracting staff is delivering their work on time, they can take as many vacations as they want, whenever they want (contingent to workload).
This means that they don’t have to get their leaves approved from employers like regular employees and can be more flexible with their traveling choices.
These are the five key reasons why technically talented people prefer contracting work over traditional 9 to 5.
Times have changed, the demand for temp workers has increased, hence the perceived lack of job security that previously made qualified candidates reluctant to opt for contract staffing no longer exists.
With all these incentives plus flexible timings, these individuals find temporary work more lucrative rather than tying their stakes to a single company.
That being said, it has become more important than ever for technically talented employees to keep brushing their skills and specialize in specific niches to remain employable.