The good and bad of contract work
Industry professionals have their say on the pros and cons of contract jobs. -ST
Wed, May 27, 2009
The Straits Times
Thinking of taking on a contract-based job? First consider some of the pros and cons:
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Pros:
- Flexibility for those who like the freedom of working on preferred projects and for different companies
- Opportunities to explore new firms and sectors and to learn new skills
- Freedom to decide your working periods: you can work for six months and take a three-month break
Cons:
- May not get the same level of compensation or an equal range of benefits as full-time employees
- Lack of job security as it is the company's decision whether to renew your contract
- Possibility of a 'gap' between contracts if you can't find another job immediately after the previous one expires
Sources: Robert Walters, The GMP Group, Mercer
This article was first published in The Straits Times.