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Contract vs. permanent roles - what are they and which one is best for you?

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Contract vs. permanent roles - what are they and which one is best for you?

Everyone’s career journey looks different. Some people thrive on stability, while others prefer the freedom to switch things up. The truth is there is no universal ‘best’option, just the bestoption for you. When weighing up the choice between a contract or permanent role, understanding the key differences (and how they align with your priorities) is the first step in making the right decision.

What is a contract job?

A contract job is a temporary position with a set duration; this could be a few months or even a few years. Contractors are typically paid a daily rate or per project instead of the traditional fixed annual salary. This can mean a higher earning potential. Companies often pay more to compensate for the lack of conventional benefits such as paid leave or pensions.  

Flexibility is one of the biggest perks of contract work. You’re in control of your schedule, deciding when to take on a new project and when to take a break. It’s a great way to build a diverse skill set, working across different companies, industries and environments.

Contract work could be a strong career move if financial opportunity, variety, and independence sound appealing.

What is a permanent job?

A permanent job is just what it sounds like: ongoing employment with a company, typically on a fixed annual salary which is paid monthly.

With a permanent role, you typically get benefits such as paid holidays, pensions, and career development programs. You also have the chance to build long-term relationships with colleagues, progress the career ladder, and feel a strong sense of belonging in your team.

If security, career growth, and structured benefits are high on your list, a permanent role might be the way to go.

So, which one is right for you?

When deciding between a contract or permanent job, you need to think about your career goals and lifestyle preferences. If you value flexibility, higher short-term earning potential, and the opportunity to gain diverse experience across industries, contract work may be the right fit. On the other hand, if stability, long-term career progression, and workplace benefits are your priority, a permanent role could be the better choice. 

Ultimately, there’s no one-size-fits-all answer. Understanding what matters most to you will help you make the best decision for your career.

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