Say yes to contracting
A job for life is a thing of the past. Contract work has been embraced by the West but is only slowly finding a foothold in Asia.
Despite challenges, contracting is the way forward to a more mature workforce culture in Hong Kong.
What contracting is about
Contracting is when a specialist is hired for a fixed time, and typically, paid a premium to complete a task.
This work style suits both employers and contractors. Employees have better options such as new environments and more attractive compensation packages. Additionally, organisations get a chance to acquire expert talent for high-profile projects, without investing in permanent hires.
Specialists in technical or professional fields find that contracting gives them a chance to become expert individual contributors, as opposed to just taking on managerial roles – their other career choice.
Professionals with an open mind will find that contracting offers them numerous advantages. It offers a more flexible lifestyle whilst broadening the limits and horizons for a professional. A contract could also potentially forge a well-rounded and exponential career path.
How contracting can work for you
Here are some reasons why professionals should consider a potential contract job offer:
- It can open the door to a new industry or type of work
- You can earn income in-between jobs and try out a role without commitment, before deciding to take it on long-term
- You can gain exposure to new technologies and projects across the industry in a short time. Your additional skills and knowledge can be valuable additions to your resume
- Securing a contract job with a large multinational corporation can be used as a platform to display your potential, and then to open the gateway to further employment opportunities within that company
- You can command higher fees from one contract to another, and not have to wait for annual salary increments
- You will have more freedom and flexibility to plan longer holidays and go for training to upgrade your skills
Related content
View allWith the upcoming global recession and potential market instability, are you worrying about the chance of seeking a promising job in 2023? It is a fact that companies are getting more conservation in job openings in the coming year, many of them are still actively offering contract roles for project
Read MoreIt is a common misconception that temping and contracting are similar. Actually, there are quite a number of significant differences between Temporary and Contract assignments, including the duration of the assignment, pay scales, job nature, the speed to hire and also the underlying needs behind th
Read MoreHave you considered contracting? Contract roles can offer you greater flexibility, work/life balance and the opportunity to increase hourly earnings. As well as being specialists in their field, their strengths lie in quickly fitting in and delivering for a new team, expertly managing key projects.
Read More