Deciding between permanent and IT contracting positions can be fraught with checks and balances. The comforting thing to know is that there’s no right or wrong solution; there are pros and cons to both arrangements, but only you can decide which will align with your goals and ambition and the overall vision you hold for your career.
The trick to making the right choice rests on your understanding of what you stand to gain from both. Let’s unlock what it takes to help you make an informed decision and find the path to your ideal work arrangements.
Research the Jobs Market
Before making a decision, it’s essential to switch to research mode. Understanding the hiring trends in your industry and specialisation can provide invaluable insights. Is your sector currently favouring contract opportunities over permanent roles, or vice versa? Delve into industry reports, job listings and networks to uncover this information.
For instance, some sectors may have a higher demand for IT contractors due to project-based work, while others may lean towards permanent positions for stability. Keeping your finger on the pulse of these trends will help you align your career choices with the market’s needs.
Contract Roles
IT contracting roles are well-established options in the tech job market, with terms based on the project and employer’s needs. Commonly, contract lengths are six, nine, or twelve months long, though they can extend up to 24 months or be as brief as three months.
The Pros of Embracing IT Contract Roles
- IT contractors often enjoy the same benefits as permanent employees, including annual and sick leave.
- The duration of your contract is pre-determined and your employer must provide notice if they intend to end your employment.
- Contracting lets you choose your projects, allowing you to gain valuable experience and enhance your CV.
- Contracting introduces you to a broader network of professionals, which can open doors to future positions, including permanent roles. Connections made during contract work can be instrumental in your career path.
The Cons of IT Contract Roles
- Contract positions offer less security than permanent roles, requiring proactive job hunting as you near the end of your contract.
- No compensation for overtime.
Permanent Positions
Permanent roles provide long-term stability, providing you with leave entitlements and other benefits from day one and no set end date. Depending on what stage of life you are in, a permanent job may be a more suitable option than contracting.
Pros of Permanent Positions
- Job security removes the need to market yourself continuously as a potential candidate.
- A guaranteed salary means less financial risk, paid time off for public holidays, plus annual and sick leave.
- Permanent roles can offer opportunities for career advancement, including potential secondments within the business, service leave and, in some cases, redundancy pay.
- You may enjoy annual salary reviews and a career progression plan.
Cons of Permanent Positions
- If you thrive on variety and constant challenges, the limited scope of permanent work might not suit your preferences.
- You have a set amount of annual leave per year, which can be restricting.
- Typically, you have less freedom to choose your projects and might need to provide notice if you decide to move on and explore other opportunities.
The Benefits of a Mix of Contract and Permanent Experience on Your CV
Engaging in a mix of contract and permanent work can reduce the risks associated with a solely one-sided career. In uncertain economic climates, this balance can provide stability while allowing you to explore new opportunities. Equally, a history of contract and permanent roles on your CV can make you a more enticing candidate. Here’s how it can work to your advantage:
A Diverse Skill Set
Contract roles often expose you to a wide range of projects and challenges. This diversity can enhance your skill set, making you a well-rounded professional capable of tackling various tasks.
An Adaptable Employee
Employers appreciate candidates who can seamlessly transition between contract and permanent roles. It showcases your adaptability and willingness to thrive in different work environments.
This Brisbane Recruitment Agency Has Got Your Back!
Choosing between contract and permanent roles is akin to creating your signature dish — it all depends on your aspirations and career goals. By doing thorough research, you’ll be able to spot a great opportunity a mile away. Furthermore, strategically blending a mix of contract and permanent roles into the tapestry of your CV will position you as a versatile and in-demand professional in the ever-evolving job market. So, go forth and explore the menu and confidently carve out a career path that suits you!
If the go-it-alone approach isn’t cutting it, why not tap into our 16+ years of recruitment experience? We’re an accomplished Brisbane recruitment agency with a strong history of supporting IT professionals to grow their careers working in roles they love. Contact our team today for help with finding your next great IT contracting job or permanent role.
