With many in the life sciences on the lookout for a new role, it may be worth considering a contract role. While many people prefer permanent roles and have never taken a contract role before, it is always good to keep all options on the table.
There are plenty of reasons to consider a contract role:
- Speed
- Pay
- Flexibility
- Diverse Experience
- Strong Network
The hiring process for a contract job is much quicker than the average permanent role, as companies are looking to fill the role fast. Pay also can be better due to better hourly rates. Additionally, the nature of contract work allows for several benefits, like flexibility, which means that if you don’t like your work or the company, it’s not a long-term commitment. You also get to grow your network by working with new people and diversify your work experience, both of which can help you find a permanent role if that is your ultimate goal.
There are also some downsides to consider:
- Lack of Job Security
- Fewer Benefits
- Resume Confusion
The lack of job security is an obvious downside, as you’re taking a role knowing it will end in a few months, but it can be better than just spending months unemployed. Benefits can also be a concern as health insurance, PTO, and retirement plans may not be included or are less comprehensive. One of the biggest concerns can be how it reflects on your resume if you are looking for full-time work, a few contract roles could lead a potential employer to believe that you may be less committed to a long-term role, so this is just something that you may need to answer during a job interview. However, most employers understand why people choose to take on a temporary role.
So, is a contract role right for you? If you’re out of work and looking to stay active and make some money while looking for your next full-time job, keep your eyes open for a contract role.
