Leaving permanent employment
According to a recent study conducted by Perkbox, 6.5 million workers in the UK are unhappy with their current job within the permanent employment sector.
With long hours, the feeling of being micro-managed, and toxic work cultures as the main culprits for unhappiness, it’s no surprise that so many people are looking elsewhere for alternative employment.
But what if you’ve had enough of working within the permanent sector and like the sound of being your own boss? In this blog we highlight the five signs that you’re ready to leave permanent behind and take the leap into contracting. You might just find your perfect career and never look back….
You feel shortchanged
If at the end of every month you feel like your pay doesn’t reflect your skills, experience or the amount of hours you’ve put in, then it’s time to consider your options.
With many Limited Company contractors charging day rates that clients who are willing to pay for their skills, they are able to get paid a wage which truly reflects their professional value. This is usually much higher than what their counterpart would get in a permanent position. Take a look at some contractor job boards to get a feel for what your contracting double could be earning.
Your work / life balance is off kilter
Ever feel that because you’re working so hard, you end up missing out on life? Do you use your weekends to recharge your batteries for the following week at work, rather than work charging your batteries for life?
Contractors can choose when, who for and for how long they work, so they are able to design their professional life around their personal, rather than the other way round.
Permanent employment is affecting your health
Consider how healthy your job is, for both your body and mind. If you’re constantly left feeling drained from long hours, low pay, and general unhappiness, then it’s time to make some changes.
By being your own boss you’re able to design your own working lifestyle, one which fits around your own personal needs and wellbeing. For example, you can work from home and create your own working environment, or decide how many months out of the year you want to take out from contracting to focus on other areas of your life, such as travelling, looking after your family or pursuing a passion. The world’s your oyster!
Your hard work goes unnoticed
We’ve all been there – either a colleague steals your thunder, or your efforts go completely unnoticed after you’ve worked your socks off. Both scenarios are unacceptable and can give your sense of wellbeing a real blow.
As a Limited Company contractor your professional accomplishments are what wins you contracts, so there’s no danger of your efforts going unnoticed. Your calibre is measured on your skills, experience and passion for what you do, so if this sounds like you then it’s time to get the recognition you deserve.
You feel constrained by the inflexibility of 9 to 5
Ever get the feeling you’re starring in Groundhog Day? You have the same daily routine, which yields the same results each month, with the same people. Whilst it offers stability and a guaranteed wage with employee benefits, for you personally it’s not enough.
When contracting you can choose when and where you work, meaning that no two working days would ever have to be the same! Whilst you’ll have to go out and win contracts, liaise with potential clients and always be on the lookout for your next gig, the thrill of the chase could be exactly what you need to reignite the passion you once had for your career.
Happiness at work can help you achieve great things
Life is way too short to be unhappy at work, so if you think the world of contracting might be for you, then you owe it to yourself to explore its possibilities.
For more information on how to get started, take a look at our free ebrief, or explore our resources section for everything you need to help make your decision. Alternatively why not discuss your options with our team of expert advisers? Call them today on 01202 901 385.
This blog has been prepared by Intouch Accounting. While we have made every attempt to ensure that the information contained in this blog has been obtained from reliable sources, Intouch is not responsible for any errors or omissions, or for the results obtained from the use of this information. This blog should not be used as a substitute for consultation with professional accounting advisers. If you have any specific queries, please contact Intouch Accounting.