As a self-employed person, you can be called a freelancer, sole trader or a career contractor. Contract jobs in Australia have been on the rise, partly due to the current tight economy and also because of how they benefit businesses and organisations. A career contractor provides services to a particular client under defined set terms and for a particular period of time. As a contractor, you will be part of the company’s payroll and your salary will be paid on a pro-rata basis. Please note that a contractor is different from a part-timer, even though they may both work for an end client through an agency.
The differences are noted in:
Part-timers will be paid by the agency. The work you do is under your client's control like any permanent employee. You’re supervised and told what times to start and finish work, and what to do. Part-timers are also entitled to privileges like holiday and sick pay. Roles carried out by such professionals are often in the short-term and/or for a transitional period while you look for another permanent job.
A career contractor, however, is responsible for their own business dealings and has control of how and when they do their work. You could be employed through a company that pays you and handles your taxes. You could also have your own limited company, act as a sole trader and pay your own taxes. Contract jobs in Sydney can be done through an agency or without. Plus, you can have a series of assignments from several clients at the same time. You are also allowed to hire an assistant to do the work for you. Put simply, you’re your own boss. Generally, career contractors are higher-paid professionals who are contracting in the short or long-term. This partly explains why contract jobs in Brisbane and other Australian cities are on high demand.
It Pays To Be A Career Contractor
When a contractor works for a client, in comparison to an employee working at the same company, a contractor will generally:
Have More Influence
As far as the work that you do or don't is concerned, you're not obliged to accept a contract. This is called the mutuality of obligation. In an employment contract, you are required to provide work and the employee is obliged to do that work.A career contractor has an agreement for hire services in which there’s no such requirement.The contractor simply agrees to provide services to the client in accordance with an agreed schedule and take responsibility for any errors or complications.
Once the project laid out in the contract has been completed, the client does not have to offer you any more work. If the client does choose to offer more work, you equally do not have to accept it. That’s basically the nature of all contract work Melbourne, Perth, Brisbane, Sydney and other sites.
Choice of Work Station
You have freedom as well as control over when and where you do the work. Depending on the nature of the job, you may have to work on your client’s site at some point. Although the client will probably have a clear idea of the resources that you require, a contractor’s working patterns can’t be defined by the client.
Flexible Payment Options
While employees are paid for the hours they work, you get paid on completion of specific objectives. The requirements should be defined in the contract. An alternative would be for you to invoice your client for the services they provide on a regular basis.
Contractors generally have some tax advantages. But there are setbacks too, mainly the lack of employment rights and benefits. Whether you are doing contractor work in Perth, Sydney, Brisbane or any other city in Australia, always spare some time to know what rights you have in this capacity.
As a career contractor, you'll hardly experience any damage if your client terminates or chooses not to renew the contract. The contract between you and your client should clearly set out the way in which termination will be handled. Both you and your client can give the notice to end the contract. The contract terms can be terminated immediately if a breach of contract has occurred from either side.
Broaden your Skill Set
Contracting roles will most definitely provide you with opportunities to develop your skillset and bump up your portfolio. There are endless possibilities to what you can offer companies. The end result? You can get contract jobs anywhere, from Sydney to Brisbane.
With the rise in contract jobs in Australia, consider this your chance to leverage the opportunities such a role provides. If you can offer that much-needed service that a particular business needs to thrive or operate successfully, don’t hesitate to give this a try. All the best!