It may be a little early to say with the Storm Stella apparently making its way across the Atlantic but it certainly feels like Spring has arrived. We have seen a surge in warm weather which has been a much-needed uplift after the dark, cold and wet winter that we have had so far. I hope it has been as equally good for you and that it continues to get better as the year rolls on.
We haven’t given you a top 10 list for a while, perhaps we should remedy that. This one will be a little more helpful than just funny, we recently came across an article from ‘Contractor Calculator’ that lists top tips on becoming a contractor. So, if you are looking to make the change from permanent maybe this will answer a few questions that are making you hesitant over the change.
1. Your skills are good enough
A lot of people considering moving to contracting often worry about their level of skill compared to their perceived idea of a Contactor. The reality of the situation is that there is a wide range of contracts at different levels available that need to be filled.
2. The work will be varied and enjoyable
A major benefit of contracting is that with many varying contracts, there is a lot of variety and helps keep work fresh and interesting.
3. Will I/Should I be able to get work?
With a vast variety of contracts there comes a lot of demand for contractors, so it is just a matter of finding where these contracts are. Using an agency like us is a good way of finding contracts.
4. Learn some sales techniques and stay ahead
Sales techniques will become important in all walks of a contractor, it ensures that you appear valuable and likely to be re-contracted. It helps with negotiating rates to your ideal level as well as securing interviews.
5. Write a high impact targeted CV
As covered in our previous blog here, ensure you write a targeted CV for your contract opportunities.
6. Learn great interview techniques
You have got through the application process and now it is time to nail the interview by making sure you know the best techniques. Look out for a blog post on this in the future.
7. Know your rate and learn how to negotiate
It is important to know the rate that you require for a contract, be it hourly or daily. This helps set yourself in the market and makes it easier for agencies to contact you with appropriate contracts.
8. Choose the best payment structure
Depending on the contract it will be important to know your payment options and how they work. The three common options for contracts are LTD, Umbrella and PAYE.
9. Understand the IR35 tax
With changes to IR35 coming up it is important to understand how these affect you and how you can deal with the changes (this is a little outdated in the article so you may need to research into this a little more).
10. Plan for time off and manage your client
Taking time off as a contractor is similar to permanent roles, though dependent on the contract there could be changes. In some contracts, you are able to take off as much time as you want when you want, as long as the contract still gets completed.
You can take a further look into each point and read further articles into each point on the Contractor Calculator website. We hope that this has helped you make the decision in moving from permanent roles to contract based roles. If it has we would be happy to add you to our books and start helping you find contracts, if you are interested give us a call on 01633 548400 or drop us an email on email@example.com.
Have a great weekend!
(Contractor Calculator. “10 tips for UK contracting – the ultimate first time contractor guide”. Accessed 17/03/17. http://www.contractorcalculator.co.uk/10_tips_first_time_uk_contracting.aspx )