Many companies have begun contractual hiring but there is still a lot of hesitation around contractual jobs compared to the real facts associated with them. Many mock at them, as sometime these jobs are usually based on the necessity and immediacy.
However, people need to know the facts prior to choosing: contractual work can be a lucrative option, especially if you’re a housewife/working mother, retired citizen and require a regular source of income. Even if you are already working and simultaneously thinking of switching jobs, contractual job can be a shot worth going for which serves an add on your cv.
Myth-Inferior kind of work
Reality- With the changing business scenario, employees also need to change. Both industry and workers have begun to understand the significance of having more flexibility at job, especially in jobs like accounting and finance. Young professionals are attracted to consulting jobs as it offers diverse work culture, good pay scale, while working on your own terms.
Myth- Can’t be added to cv
Reality- Employers understand that project work is generally for short term but the valuable experience that one gets improves their skills for thee better. This is one of the main reasons why people are working on a contractual basis until they land up to a full time job or find a suitable place to shift to.
Myth- Short term and irregular salary
Reality- Contractual work can be of a few months to more than a year. You will be paid as your designation and skill set are, as in the case of regular jobs. Additionally many companies pay bonus, benefits for family and other allowances besides the basic pay.
Myth-Skills are not improved
Reality- Contract work generally comprises of assignments that require specialization and specific set of skills. There are stringent deadlines and targets. Hence, it is challenging and in turn will help you to stay industry ready, updated and establish yourself.