There are different types of employment contracts to suit people’s needs and each have their own pros and cons.
Permanent Contract –
Permanent contracts can be full or part time, depending on the role. A permanent role is that of the employees for long term, until they decide to move employment or unless they have their role terminated. A permanent role means that you get paid the same amount every month so employees know exactly what to expect and can plan ahead accordingly. This provides peace of mind for the employee especially if they are supporting a family. Permanent employees are also more likely to be offered training and development opportunities as it would also be seen as beneficial to the company. Permanent employees on the other hand aren’t often paid the same high rates as contractors and they can still lose their jobs if the company goes through a restructure or faces cut backs.
Temporary Contract –
Temporary staff are brought in on shorter contracts often to cover roles if the permanent staff member is ill or on maternity / paternity leave. Temp roles are a great way of gaining experience and making contacts that may come in handy if you decide to seek a permanent role in the future. Temp roles also tend to be flexible as they’re shorter term, so you can effectively choose when you work. Although the roles are great for gaining experience temps are not likely to receive benefits such as health care, pension or holiday pay.
Contract roles –
Contractors tend to be skilled industry professionals who are sourced to fill a longer term temporary role usually for busy periods or specific projects. Depending on the length of the contract, contractors tend to enjoy benefits of holiday and sick pay like permanent roles whilst also benefiting from the flexibility of temp roles. As they are not tied to a specific company or even specific area, contractors get the chance to travel as well as experience working for many different companies and meeting new people. Getting paid for every hour you work is handy during busy periods when you’re putting in extra time to complete a project to meet a deadline; however it also means if you don’t work you don’t get paid. If you’re a contractor you need to be prepared to be in between roles because you may not find yourself going from one to another as seamlessly as you may have initially anticipated. Contractors may also feel like they’re not as much as a priority as permanent staff as they’re less likely to receive further training and development programmes.
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