Contracting vs. Permanent Employment - 3 Areas of Debate
Benefits, compensation, and office culture are all areas to consider when weighing a contract position against permanent employment.
Articles published February 7, 2019 by Mike Rice
There’s a lot to consider when trying to decide if becoming a contract employee is right for you or if you should take that full-time position with the company down the street. Getting paid (let’s not kid around, money is a big deal), benefits, ability to grow, paid time off, networking opportunities for professional growth… the list goes on.
With nearly two decades under our belt as a consulting company providing project and business management solutions, Aureon Consulting (formerly Midwest Project Partners) offers clients a full spectrum of business support solutions to meet their growing needs. We’ve built several longstanding partnerships with numerous businesses in multiple industries, enabling us to better educate you in the debate of contract vs. permanent...
The choice, however, is up to you. Here are three key areas to consider when trying to decide where you fit in the contract vs permanent employment discussion.
Working full-time for a company enables you to have a steady paycheck (the same amount at the same time as a full-time employee for as long as you stay employed).
Although the security is nice, it doesn’t allow you much room to expand your income. In addition, as a salaried employee you may not be getting fairly compensated for all the hours you work.
As a contract employee, you get paid for ALL the hours you work.
Aureon consultants have flexible employment arrangements, including W-2 hourly, 1099 and Corp-to-Corp status.
Permanent employment often gains you access to a benefits package with your employer. This often includes health, life, dental, 401K, disability, sick time, vacation (can you say “Bahamas”?) and more.
All of those are wonderful things, but what happens when you’ve spent all your paid time off and your kid is sick? Do you have the flexibility to take vacation when you choose, and not when it works best for your employer? Often, no.
Corp to Corp and 1099 contract employees are not eligible to receive benefits.
Aureon Consulting W-2 Consultants have access to many benefits – health, dental and life insurance; 401K, short and long-term disability plans; as well as training and development! In addition, they have flexibility.
Working in a permanent position allows you to build relationships with coworkers in your office and learn from them in your area of expertise. You can also begin to develop a career path within the company and have an eye on what’s to come.
Office politics. Do we need to say anymore? It can be a major negative when it comes to permanent employment. If you’re not built for the game (see brown-nosing) and don’t have the desire to climb that corporate ladder at all costs, it can be difficult to navigate.
When working in a permanent position, there are times when your deliverables and/or objectives aren’t clearly defined. You may feel like you’re treading water just waiting for opportunity to arise.
As a contract employee, you come in with clearly defined objectives and deliverables. You’re there to get to work on the task at hand. In addition, you don’t have to worry about falling prey to the office politics and the “get ahead” culture that comes along with it.
Contract employment can give you access to businesses of all sizes across countless industries. This means more flexibility and opportunity. Not much for variety and change? Then permanent employment is probably your best bet.
Aureon Consulting consultants benefit from regular networking opportunities and great access to the market. They have access to a variety of seasoned professionals in the industry to consult with.
One to Grow On
Aureon Consulting’s history in the marketplace and reputation with businesses is unprecedented. It’s an instant leg up on the competition. In addition, Aureon is not only a company in the know, but one that is growing. We currently serve clients across the nation with a presence in 48 states. As we continue to expand our business, your opportunities will expand as well.
Learn more about what makes Aureon Consulting the choice for you.
Explore an opportunity with Aureon Consulting by contacting us today at 515-225-8860 or visit us at AureonConsulting.com for more information.