5 Benefits of contracting in IT
At the start of 2021, we were already seeing a rise in contracting roles. This was brought about by a combination of urgent, technical requirements along with a high degree of uncertainty of what was around the corner.
A year on, we are seeing more of the same, with many employers looking to implement significant changes to their IT through focused projects.
And of course, experienced specialists are in extremely high-demand, making contracting an attractive option for many. Moreover, because there are so many vacancies, any concerns around job security can be easily managed with the an experienced IT recruitment partner allowing you to move seamlessly from project to project.
5 Benefits of IT contracting
If you are new to contracting or are considering your options, there are many benefits to take advantage of. And with the support of an umbrella company such as Contracting Plus you can be set up and ready to go in a matter of hours.
Learn more about how to get set up quickly as a contractor here.
In the meantime, let’s look at the advantages of becoming an IT contractor.
1) More pay
The key major benefit is that on average, contractors get paid more than permanent roles. This is due to a few factors – the higher wage compensates for the lack of things like holiday and sick pay, pension contributions and also to pay for the convenience of hiring a temporary resource which could be deemed as a more uncertain or riskier way of working. However, as mentioned, because IT specialists are in such high demand right now, contracting can be a great way to earn considerably more while getting fantastic experience across a broad range of technologies and sectors. Additionally, contracting doesn’t have to be forever so it’s also a good way to get a boost in earnings and exposure before you settle back into a permanent role.
2) Greater flexibility
With the introduction of remote and hybrid working, many of us now experience greater flexibility within our working lives. However, many IT specialists need to work onsite so the level of flexibility enjoyed by contractors doesn’t always come down to whether they can work from home or not, it’s more that they have greater control over their annual leave. Projects can be intense and busy, but this can be eased by a few weeks’ break between each one which is a luxury permanent positions usually don’t have access to.
3) Tax benefits if you have your own limited company
For contractors who enjoy their way of life, setting up their own limited company could be an attractive option. Doing this can open doors with regards to saving on tax, nurturing their pension and maximising their earnings.
Worried about all the admin and forms involved? The tax experts at Fenero have a range of solutions to support freelancers in managing their money.
Projects are the opposite of business as usual. And if you’re looking to shake up the pace a little, contracting will give you the exposure you’re craving for new and exciting projects using the latest technologies. At itContracting, we support contractors across Ireland in accessing roles working with the latest technologies covering areas such as RPA, AI, medtech, blockchain, edge computing, cyber security, cloud technologies and more.
5) Accelerate your career goals
Contracting opens doors to plentiful opportunities and you don’t have to commit to it long term if you find it’s not for you. By choosing to contract for a couple of years, you can boost your earnings and experience to help you progress your career – as well as level up your CV – and then return to a higher grade, permanent based role.
Get the support you need
As you can see, contracting holds many benefits. And any risks or concerns can be greatly minimised with the support of experienced IT recruitments specialists, just like our team here at itContracting. By leveraging our connections and expertise within the technology sector, we can ensure your next contract is set up and ready to go as soon as your current project starts to come to an end. We can also make sure the contracts you are put forward for are those best suited to your technical speciality as well as aligned with your career goals. As IT specialists ourselves, we have a deep level of understanding when it comes to IT, which really sets us apart.
We also supply on-hand support so that any issues can be taken care of quickly and effortlessly, so you know you’re never on your own.
Find out more
To discover more about life as an IT contractor, just get in touch. We will be more than happy to chat to you about your options and the types of roles we can offer you, even if you’re not quite ready to move yet. Contracting is a big decision, and our team is here to support you throughout your journey as well as ensure you have all the information you need to decide what’s right for you.
Talk to us today or send us an email!