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5 Advantages of Contract over Salary Work

5 Advantages of Contract over Salary Work

When discussing Contract Work over Salary Work, there are key factors to be considered as the free will that contract workers enjoy cannot be over-emphasized in developing countries.

This tempting lifestyle has encouraged economic growth as many contract workers are more productive in service delivery.

What is Contract Work?

In every economy, there is room for growth and sustainability which requires diverse efforts from different fields of work. Contract work is described as working for a client for some time whether for a few weeks or months, until the time of delivery is done.

It is relative to almost all kinds, some of which are:

  • HR management
  • IT
  • Consultancy
  • Engineering
  • Copywriting
  • Product services and delivery
  • Website management\design

Contract work is sometimes referred to as fieldwork as it requires working from a distance or indirectly from a place of comfort. The question of how good a contract work is depends on the field of work you fall into.

Salary Earners

These categories of people are fixed on payroll by the organization or firm they work with. Salary earners are often required to report to work daily, home or office, and get some work done.

There are many perks of working directly with a firm, however, not all of those perks are fully beneficial.

Difference between Contract and Salary work

Both require the employees to put in their best while working or delivering services but Contract workers are freely allowed to do their jobs in the way that suits them and benefits the contracted firms because of the nature of their work.

Asides from the fact that they work to the expectations of the contracted or firm, their code of conduct differs, breeding a clear difference in communication techniques which will be disclosed in the 5 Advantages of Contract Work over Salary Work.

Stages of contract working

Salary earners may not be exposed to a number of these stages. However, a contract worker or staff is often required to go through the following processes;

Creation

In this stage, the contract is offered to the appointed service or product supplier which requires meetings, finalizations, and conclusion of all tables and paperwork. An offer is then sent to the contracted personnel with all the terms which meet the acceptability criteria.

Collaboration

This covers the negotiation and acceptance stage where the contracted personnel reads through, compares, and sees to it that all discrepancies are noted with immediate effect to change. After which the contract may be fit for signatures.

Signing

Haven read and approved the contract; the proper signature is affixed which states the beginning of a workflow between the parties involved which could be bound by time. A signature to a contract shows that you agree with the terms and are willing to fulfill your end of the bargain.

Close-out or renewal

A contract has an expiry date which must have seen the work done through the timeline. Sometimes, the contract can be renewed with the same or different conditions. Other times, the contract can be terminated or expired which requires a close-out.

5 Advantages of Contract Work over Salary Work

There is no denying that contract workers are seen as freelancers as they get to work based on their schedule and time. Contract workers may or may not follow office protocols but their credibility depends solely on their efficiency.

1. Flexible work scheduling

As a contract worker, you do not get to put in so much time on one spot while working like the salary earners. You plan when and where you choose to work if the firm is not so big on work distribution.

A flexible work schedule means you are free to get establish your work pace and finish up tasks as when due.

For example, a contract copywriter signs a contract to deliver a task in two weeks; having that at the back of her mind… she works towards getting the job done to be free for another. She fixes her time and schedule.

2. Reduced pressure

Pressure mounts when you have a deadline to meet and not much time for execution of tasks. This is paramount to salary earners who work 24/7 and 6 days a week and has other things to do before the end of every day’s job.

As a contractor, you have power over your time and amount of work to be done per hour… Day… Month.

Let’s compare the writer who got contracted to work for a firm over a salary earner who is subject to the agenda of the superior.

Because of the many assignments to be done at the workplace, salary earners lag but struggle to meet up before the day is over.

3. Self-improvement on the job 

Without disputing the fact that working daily in an establishment where opportunities are never lost, there are limitations to the improvements made.

Whereas, contract jobs are the best catalyst to self-improvement as you get to learn new skills which places you in a spot where you are not limited to your everyday routine.

New methods are adapted, new styles are applied to your manner of approach, new clients are made and a new level of productivity is attained all in this process.

4. Small work commitments

Other than learning something new on the job, you are open to receiving other jobs, combining two or more tasks, and working on them at the same time.

This is a good way to build your multitasking skill. This diversifies the work experience easily without ending one contract.

As a contract worker, you may have engaged in several tasks or jobs within a month, earning them more than the salary earners get. This is considered the most profitable advantage while considering the contract aspect of working.

5. Entrepreneurial Living

The beauty of contract working is the fact that you can establish a business on the side and fund it with the proceeds from your work, place someone in charge and carry on doing your work.

This has birthed a lot of entrepreneurs in time past as they find more than enough time to own businesses all around while they maintain their contract status.

With this, you get to earn entrepreneurship skills as you advance in the process.

3 ways to maintain a contract employment

Contract working can be quite easy but maintenance requires a few tricky techniques which aren’t so common;

Learn to balance your personal life and work-life

First of all, determine which you value more and find a way to make it easy and convenient for the other to take place in your life.

If your work takes more of your time than your family or other activities, then give it a time and probably a venue then fix in your personal life where you find free times and keep it consistent.

This helps with planning a work schedule or carrying out a task.

Build your brand

In all the ruckus of work and life balance, start building a brand that represents you and speaks for you even in your absence. This brand speaks about you professionally and attracts more clients who like your Resume.

Do more jobs that enhance your brand and what you stand for, create logos, and design business cards that can be used to reach you easily. This attracts the right kind of companies or individuals who need your services.

Connect with professionals

In any field of work, some professionals have connections with potential clients who might hire later in the long run.

It is important to build a relationship with these people by attending conferences and seminars where you can interact and bond with other people in your field, form collaborations, start projects and involve others.

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