Exploring the Benefits of Being a Contractor?

Many people choose to work as contractors rather than as PAYE (pay as you earn) workers. There are several advantages to being a contractor, such as:

– Higher income: Contractors usually charge higher rates than PAYE workers, reflecting their skills and expertise. They also have more control over their tax deductions and expenses, which can reduce their tax liability.

– Flexibility: Contractors can choose when, where and how they work, according to their preferences and availability. They can also take breaks between contracts or work on multiple projects at the same time, without being tied to a single employer.

– Variety: Contractors can work on different types of projects and industries, expanding their knowledge and experience. They can also network with other professionals and clients, creating new opportunities and contacts.

– Independence: Contractors are self-employed and responsible for their own work.

Of course, being a contractor also has some challenges, such as:

– Uncertainty: Contractors may face periods of low demand or no work at all, especially during economic downturns or seasonal fluctuations. They also have to deal with the risk of late payments, contract disputes or client dissatisfaction.

– Costs: Contractors have to cover their own expenses, such as equipment, insurance, training, accounting and legal fees. They also have to pay for their own benefits, such as health care, pension and sick leave.

– Administration: Contractors have to manage their own business affairs, such as invoicing, bookkeeping, marketing and tax compliance. They also have to keep track of their contracts, deadlines and deliverables.

However, for those who are willing to take the challenge, being a contractor can offer many rewards and benefits that outweigh the drawbacks.

We in CareerWise have access to a wide range of opportunities across different industries and sectors. Whether you’re looking for a short-term project or a long-term contract, we can help you find the best fit for your skills and interests. Our contractors are placed in some of the largest and respected indigenous and multinationals in Ireland.

We negotiate on your behalf to get you the best possible deal. We also take care of the administrative and legal aspects of contracting, so you don’t have to worry about anything.

With a wealth of experience in the recruitment industry we understand the needs and preferences of our contractors. We always strive to provide them with the best opportunities, support and benefits that they deserve. Whether you are looking for a short-term or long-term contract, we have the right match for you.

Give us a call today and see why we are the preferred recruitment agency for many contractors.

Conor Twomey

Contract Recruitment Manager – Cork/Shannon Offices

Conor is a sales professional with approx. 14 years experience in the Recruitment, Property and Advertising industries.
Conor has a background in engineering recruitment for clients based in the pharmaceutical and medical device sectors throughout Ireland.
He holds a Diploma in Human Resources Management and he is also a qualified auctioneer.
Conor joined CareerWise in June 2016 as a Senior Recruitment Consultant.

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