Over the last several years, the technical industry has transitioned to a project-based gig economy. This is a hiring trend where companies hire temporary or contract workers for a specific amount of time to complete a project. Once the project ends or the contract is up, the contractor moves on to another job or company. This type of work benefits both workers and companies, as it provides a way to deal with the peaks and valleys of high volume project-based opportunities. Let’s take a closer look at why this tactic is here to stay.
Flexibility for Employees
The flexibility of the gig economy is great for many workers. They can take on projects that match their skill set, travel and gain new skills. For some, it’s a way to get their foot in the door and build their skill set while looking for a permanent placement. Still, others make a career of contract jobs to fit their schedule and financial goals. They enjoy the flexibility and freedom of contract work.
Of course, the gig economy isn’t for everyone. Many people find the uncertainty or temporary nature to be unnerving or stressful. Not knowing if you’ll have a job next year or next month can be overwhelming. Likewise, the industries that adopt this model are often seasonal so companies are in full swing, often working overtime for six to eight months of the year and then slowing down or even taking time off for a few months. Budgeting and finding balance in this feast-or-famine environment isn’t always easy.
Making it Work for You
Many contractors have learned to adjust to the uncertainty and make the most of temporary jobs. People who like to travel are drawn to this type of work, too. They can take a job for three to six months in a new location without having to commit to a permanent move. Other contractors plan to work really hard for six to eight months, save money and then take a few months off to travel, relax or golf, as one of our contractors does each year during the winter months. The contract life can be whatever you make of it.
If the excitement and flexibility of the gig economy sound good to you, let me help you find the right position.