These days it seems like everyone is looking for a job. There are tons to choose from, but you may be wondering about some of the choices being offered. There's the traditional 9 to 5, the helpful part-time, the convenient temp, but what about the contract job? Many confuse temporary positions and contract positions. There really is a difference and this post will tell you just that.
What's the difference between temporary employees and contract workers? The short answer is: temporary workers are employees of a temporary agency. Contract workers are in business for themselves and have been hired to perform a job or task.
Something to note is, contractors usually have more negotiating power regarding salary than employees of temporary agencies. The temporary agency speaks with the employer beforehand on these matters, then presents the terms to the temporary employee and they either accept or decline, there usually isn't any negotiating.
If you've been considering contract positions there are some things you should keep in mind before accepting. First and foremost, most contract positions are void of benefits of any kind, therefore when negotiating salary, factor in what it will cost to insure yourself. Beyond health benefits, the other benefits that will be nonexistent are retirement plans like 401k, profit-sharing, pensions, and HSAs. If you want to put something back each pay period, that amount will need to be factored in as well.
So let's say you've made up your mind to accept a contract job. What questions should you ask during the next phase? An obvious question would be the duration of the contract. You need to know how long you will have steady funds coming in to support yourself. This will also help you decide when to start looking for your next contract.
The next question to ask is, are there any benefits available? We've already discussed that there most likely isn't, but this is a good way to open a dialogue about compensation and the factors that drive it, benefits are a huge factor in this case. The employer is saving a ton not having to offer you a benefit package. They expect to compensate you, so don't be afraid to ask for what you're worth.
Once the money has been discussed, you'll need to know if you will be a w-2 employee or a 1099 employee. This determines who will be responsible for tax withholding. You're responsible in the case of the latter.
Now that we know what's what...we need to know where to go to find these jobs. Check out the links below!
There are tons of job posting sites online, but these are a few that we know are free and reputable. Keep in mind that scammers use these websites to gather personal information from unsuspecting job seekers. If you find a suspicious job posting, one that sounds too good to be true, do your due diligence before applying. Check the company's website to see if the job is posted there. Never pay to find a job or to be considered for a job. Take your time, you will find the one that's right for you.