Strategically Resourcing With Contractors
Expert in a given field. A portfolio of successful project deliveries. A feeling that their ability to be innovative is stifled by challenging processes or that they are being held back by a lack of developmental opportunities? These are only some of the reasons why talented technical staff make the change from permanent employment to contracting.
Far from being a terrifying leap of faith, many organisations are now reaping the benefits of employing contractors to address their talent shortage issues and to facilitate successful project deliveries. Contractors offer a very efficient and cost-effective alternative to permanent employees, being utilised only when required without the fixed overheads of PAYE employment.
Taking a hybrid approach to resourcing is proving beneficial to business success, making now the ideal time for career-focused individuals to supplement their income or change their career direction.
Contractors: value-add
The tech industry is just one of many that are struggling to fill vacancies following the Great Resignation of 2021. Even organisations with highly attractive benefits packages are finding it challenging to bring in the necessary personnel to achieve all of their business objectives and this is where contracting comes in.
Contractors are responsible for identifying and pursuing their next opportunity. They can be very flexible in the way that they deliver, often benefiting from increased levels of autonomy, but this is balanced against the need to plan their workload carefully to avoid fallow periods between assignments.
Contractors are paid a day rate that reflects their experience and risk appetite. They are entirely responsible for reporting their earnings to HMRC and ensuring that they remain compliant with tax and self-employment legislation. They treat each and every assignment as a bespoke contractual relationship and are expected to hit the ground running, delivering results within a very short timescale.
The terms and conditions that apply to every assignment will be different and mutually agreed between the contractor and hiring organisation prior to commencement. They will detail the agreed day rate, the duration of the assignment and the expected output. Successfully delivering on every assignment will greatly improve their visibility with the community and keep them in demand.
Contracting offers many benefits to talented technical personnel. With boundless opportunities across the IT, HR, Digital and Public sector to participate in or lead exciting and high-profile projects, their ability to develop their skills, apply their existing knowledge and expand their professional network are limited only by their imagination.
Where an organisation is experiencing a talent shortage, it will often bring in contract staff to supplement gaps in the workforce or to deliver a bespoke element of a project, often something that requires specific knowledge or experience in a niche subject area.
Whilst contracting offers exciting opportunities to talented individuals, it must always be remembered that there is no long-term agreement with the hiring organisation and that they will not be entitled to paid holidays, sick pay or other employee benefits. This means that they to earn enough to pay themselves a decent income and to cover any fallow periods between assignments.
Matching clients with contractors
Once they have successfully delivered at a number of different organisations, contractors will develop a reputation and should be in high demand by organisations requiring their skills and experience.
Until this point, they will need to identify opportunities where they can add value and develop their experience. They tend to need help in understanding the type of contract that will help them on this trajectory and the roles that will best suit their capabilities and we assist in this regard.
Given that every organisation's requirements will be different, it is essential that you make no assumptions but thoroughly review the specification and required experience and skills prior to engaging a contractor.
Addition+ are a highly experienced talent partner who can help you to secure the right resources. We introduce the best talent to organisations that need them, ensuring mutual benefit. To find out more about how we can help, please get in touch with us today.
https://www.additionsolutions.co.uk/services
Far from being a terrifying leap of faith, many organisations are now reaping the benefits of employing contractors to address their talent shortage issues and to facilitate successful project deliveries. Contractors offer a very efficient and cost-effective alternative to permanent employees, being utilised only when required without the fixed overheads of PAYE employment.
Taking a hybrid approach to resourcing is proving beneficial to business success, making now the ideal time for career-focused individuals to supplement their income or change their career direction.
Contractors: value-add
The tech industry is just one of many that are struggling to fill vacancies following the Great Resignation of 2021. Even organisations with highly attractive benefits packages are finding it challenging to bring in the necessary personnel to achieve all of their business objectives and this is where contracting comes in.
Contractors are responsible for identifying and pursuing their next opportunity. They can be very flexible in the way that they deliver, often benefiting from increased levels of autonomy, but this is balanced against the need to plan their workload carefully to avoid fallow periods between assignments.
Contractors are paid a day rate that reflects their experience and risk appetite. They are entirely responsible for reporting their earnings to HMRC and ensuring that they remain compliant with tax and self-employment legislation. They treat each and every assignment as a bespoke contractual relationship and are expected to hit the ground running, delivering results within a very short timescale.
The terms and conditions that apply to every assignment will be different and mutually agreed between the contractor and hiring organisation prior to commencement. They will detail the agreed day rate, the duration of the assignment and the expected output. Successfully delivering on every assignment will greatly improve their visibility with the community and keep them in demand.
Understanding the Benefits and Drawbacks of Contract Work
Contracting offers many benefits to talented technical personnel. With boundless opportunities across the IT, HR, Digital and Public sector to participate in or lead exciting and high-profile projects, their ability to develop their skills, apply their existing knowledge and expand their professional network are limited only by their imagination.
Where an organisation is experiencing a talent shortage, it will often bring in contract staff to supplement gaps in the workforce or to deliver a bespoke element of a project, often something that requires specific knowledge or experience in a niche subject area.
Whilst contracting offers exciting opportunities to talented individuals, it must always be remembered that there is no long-term agreement with the hiring organisation and that they will not be entitled to paid holidays, sick pay or other employee benefits. This means that they to earn enough to pay themselves a decent income and to cover any fallow periods between assignments.
Matching clients with contractors
Once they have successfully delivered at a number of different organisations, contractors will develop a reputation and should be in high demand by organisations requiring their skills and experience.
Until this point, they will need to identify opportunities where they can add value and develop their experience. They tend to need help in understanding the type of contract that will help them on this trajectory and the roles that will best suit their capabilities and we assist in this regard.
Given that every organisation's requirements will be different, it is essential that you make no assumptions but thoroughly review the specification and required experience and skills prior to engaging a contractor.
Addition+ are a highly experienced talent partner who can help you to secure the right resources. We introduce the best talent to organisations that need them, ensuring mutual benefit. To find out more about how we can help, please get in touch with us today.
https://www.additionsolutions.co.uk/services