Latest Insights

Permanent perks or Contract freedom? Find out which position best aligns with you!

Apr 09, 2024

When considering whether to pursue a contract or permanent position, it often depends on individual circumstances, career goals, and personal preferences.


Here are some factors to consider for either position:

Permanent Position

Job Security: Typically offer more stability and job security compared to contract roles. However, we have observed that there are still likelihood of facing sudden termination during this market condition.

Benefits:
Often receive a comprehensive benefits package, including health insurance, retirement plans, paid time off, and other perks. 

Career Growth:
Often provide structured career paths within the organization. You may have access to training and development programs, mentorship opportunities, and chances for promotions or lateral moves to broaden your skills and responsibilities.

Company Culture:
Allows you to fully immerse yourself in the company's culture, values, and mission. You can build lasting relationships with colleagues, participate in team-building activities, and contribute to the long-term success of the organization.

Stability:
If you value stability and prefer a predictable work routine, a permanent position may be more suitable.

Contract Position

Flexibility: Offer greater flexibility in terms of work duration and schedule. You may have the opportunity to work on multiple projects, gain diverse experiences, and explore different industries.

Higher Pay: Often come with higher hourly or project-based pay rates compared to permanent positions. This can result in greater earning potential, especially for specialized skills or short-term projects.

Independence: Allows you to maintain a level of independence and autonomy in your career. You have more control over your assignments, clients, and work environment.

Skill Development: Can be a valuable opportunity to develop new skills, expand your network, and enhance your marketability. You may gain exposure to cutting-edge technologies or industries that can boost your resume.

Ultimately, the decision between a contract and permanent position depends on your priorities, career objectives, and personal circumstances. Some individuals may prefer the stability and benefits of permanent employment, while others may thrive in the flexibility and higher pay of contract work. It's important to assess your own preferences, weigh the pros and cons of each option, and choose the path that aligns best with your goals.

Feel free to contact me at
suling@fundspartnership.com if you are keen to explore any opportunity with FP Global or to have a confidential chat. 👊

About the Author

Share This Article

Articles You May Like

By Yolanda Chen 23 Apr, 2024
Stay in the know with us on WeChat! 
By Lyn Thum 22 Apr, 2024
Interestingly, someone I personally know has created this comic explaining the new Guidelines for FWAs.  This FWAs was announced last Tuesday, 16 Apr 2024, by both the TAFEP Tripartite Alliance for Fair and Progressive Employment Practices Workgroup and the Ministry of Manpower (MOM).
By Jacqueline Lee 16 Apr, 2024
Let's explore the pros and cons of a counter-offer:
By Daphne Tan 13 Mar, 2024
Employer of Record (EOR) arrangements allow for the management and execution of a diverse array of jobs in different sectors.  The main role of an EOR is to serve as the official employer for workers hired by a company, taking care of administrative duties such as payroll, benefits, taxes, and compliance, while the client company maintains authority over the employees' daily responsibilities and supervision.
By Daphne Tan 08 Mar, 2024
In the current rapidly evolving business environment, the ability to adapt and grow in size is crucial for achieving success. With market demands constantly shifting and project needs changing, companies require flexible solutions to meet their staffing requirements effectively. Staff augmentation has become a strategic method for organisations to expand their teams efficiently and remain agile. This article explores the concept of staff augmentation, its advantages, and its comparison to the traditional talent acquisition strategy.
By Yolanda Chen 23 Apr, 2024
Stay in the know with us on WeChat! 
By Lyn Thum 22 Apr, 2024
Interestingly, someone I personally know has created this comic explaining the new Guidelines for FWAs.  This FWAs was announced last Tuesday, 16 Apr 2024, by both the TAFEP Tripartite Alliance for Fair and Progressive Employment Practices Workgroup and the Ministry of Manpower (MOM).
By Jacqueline Lee 16 Apr, 2024
Let's explore the pros and cons of a counter-offer:
By Daphne Tan 13 Mar, 2024
Employer of Record (EOR) arrangements allow for the management and execution of a diverse array of jobs in different sectors.  The main role of an EOR is to serve as the official employer for workers hired by a company, taking care of administrative duties such as payroll, benefits, taxes, and compliance, while the client company maintains authority over the employees' daily responsibilities and supervision.
By Daphne Tan 08 Mar, 2024
In the current rapidly evolving business environment, the ability to adapt and grow in size is crucial for achieving success. With market demands constantly shifting and project needs changing, companies require flexible solutions to meet their staffing requirements effectively. Staff augmentation has become a strategic method for organisations to expand their teams efficiently and remain agile. This article explores the concept of staff augmentation, its advantages, and its comparison to the traditional talent acquisition strategy.
By Daphne Tan 06 Mar, 2024
In the fast-paced world of business today, companies face a range of obstacles as they work to comply with labour regulations, manage risks, and run their operations smoothly. To address these challenges, many businesses are turning to the concept of an Employer of Record (EOR) for support.  As organisations seek to stay nimble and effective, it is essential to grasp the significance and advantages of utilising an Employer of Record.
By Jacqueline Lee 11 Dec, 2023
There are 3 main reasons why employees look out in the market – Pay , Job scope and Bosses . Being a recruiter gives me the privilege of connecting with candidates. I’ve heard of the different struggles they faced and one of it is having toxic bosses. It can be frustrating for them as constant scrutiny and lack of trust can hinder their productivity, potential and growth. There is no one-size-fits-all approach to team management as everyone has different working styles and here are some ways on effective employee management.
By Daphne Tan 23 Oct, 2023
In the world of recruiting, the topic of salary expectations is often met with mixed feelings. It's a practice that's frequently discussed, and as a recruiter, I've witnessed how it impacts candidates and employers. Do you have to reveal your last-drawn salary to a prospective employer?  Let's delve into this question and the broader discussion about salary disclosure in the recruitment process.
By Lyn Thum 23 Oct, 2023
What role does luck play in career success?
By Lyn Thum 12 Oct, 2023
I recently attended a seminar on the costs of living and business costs in Singapore. The presenter analyzed various expense categories like logistics, utilities, rentals and importantly, wages. Tight labor market conditions have pushed wage growth above pre-pandemic norms, intensifying the war for talent.
More Posts
Share by: