Contracting to the Contractor
- You will earn a lot more than what you earn in a permanent position
- As a contractor, you will often be at the sharp end of projects. The projects may be time critical.
- Gain invaluable experience
- There will be a requirement for you to meet tight deadlines this can cause a lot of stress
- This may not be your typical 9-5 job
- You should be able to cope with uncertainty.
Contracting to the Client
Reduced employment costs
- No Workers’ Compensation or Unemployment claims
- No employee benefit costs, such as medical insurance, life insurance, and superannuation contributions.
- No added expense for paid time off, such as annual leave, carers leave and sick leave
- No unnecessary overhead costs
- Less training and supervising costs.
- Match your staffing levels with your workload and project requirements.
- Easy to terminate contract staffing assignments.
- Allows you to assess the candidates ‘real’ skills and fit into your corporate culture prior to a permanent hire.
- Less control – You have less control over your contractors in comparison to employees. Contractors generally enjoy a certain level of autonomy to decide how best to do the task for which you hired them.