For most of the past few decades, economists, employment experts, and job market analysts have routinely ranked contract or temporary positions as less desirable than their full time counterparts. It’s been widely assumed that those who hold contract positions would rather be working full time, and as the market picks up and opportunities improve, employees migrate naturally from contingency jobs to 40 hour-per-week positions with insurance benefits. But in our current, post-recession, digitally driven world, is this still the case? If you’re a contract worker, does this describe how you feel? Consider the following benefits of contract work before you decide.
The Benefits of Contingency Employment
Similar to consulting, freelance work, and independent business ownership, contingency and part time work offer flexible scheduling options that often fall within the employee’s control. When employees aren’t bound to a rigid nine to five schedule, they can often complete even more work—and at a higher quality—since they have the time and flexibility to balance work with other time demands.
The Rising Affordability of Personal Health Insurance
With the new Affordable Care Act in place and insurance companies experiencing increasing motivation to offer affordable plans to independent policy holders, contingency work no longer means living without an insurance safety net. If you haven’t explored the personal insurance options available to you, now may be an excellent time to start.
Contingency, temporary, and part time positions are often managed and paid by an independent staffing firm, not the company where the employee works. This means that if there’s a cultural or personality mismatch between the employee and the “boss”, the employee doesn’t have to choose between compromise and bankruptcy. He or she can simply ask the staffing agency to deploy them elsewhere, and the client company can do the same. Parting ways simply means the employee will be moved to another assignment and the company will be offered a replacement worker.
For more information on the benefits of contract jobs and contingency employment, and to find out if this employment option might be the right fit for your needs, reach out to the Little Rock staffing and job search experts at CSS.