Contract or perm?
To tell you the truth, there is very little in it. Particularly in the current market conditions, and specifically in the short term.
Typically, businesses will lean into contract arrangements during “uncertain” economic periods. This preference stems from the flexibility contracts offer—they can be funded from project budgets, enable easier adjustments in staffing levels, and provide adaptability to changing business needs. However, while this flexibility doesn’t necessarily equate to job security, it does hint at the hiring preferences of organizations during such times.
Yet, the perception of job security between contract and permanent roles has evolved. Many now see both types as equally secure, given the changing landscape of employment. Rather than focusing solely on the type of employment, individuals are advised to consider various factors inherent in each option. These may include factors such as the nature of the industry, the stability of the company, individual skills and qualifications, and personal preferences regarding work-life balance and career advancement opportunities.
Ultimately, while there are distinctions between contract and permanent roles, the notion of job security is not the defining factor. Instead, individuals should carefully evaluate their own circumstances and preferences when making decisions about employment type.
By Kris Coulthard.