Are you a software developer who is looking for a new job or recently laid off? If so, you may be wondering whether it’s better to pursue a full-time job or take on contract work. Both options have their own unique pros and cons, so let’s break down the differences between them.
Being a Contractor
As a contractor, you will be working with a number of different clients on a variety of projects. This can be a great way to gain experience in different industries and work with a variety of people and widen your technology stack. Let’s explore more about being a contractor.
One of the primary benefits of being a contractor is that it offers more flexibility than being a full-time employee. Contractors are typically not required to work set hours, which means that they can choose when and where they work. This can be beneficial for those who want to have a more flexible lifestyle.
Higher Earning Potential
Another benefit of being a contractor is that it offers the potential to earn more money than being a full-time employee. This is because contractors are typically paid by the hour, and they are often able to negotiate their own rates. Additionally, contractors may be able to work on multiple projects at once, which can lead to a higher overall income.
By taking on different projects with unique requirements, you will encounter all sorts of technologies that may not ordinarily be accessible to individuals you as a full time employee. This gives you the opportunity to really hone their skills and explore new tools and techniques, ultimately keeping you up-to-date in an ever-evolving tech landscape. Working as a contractor helps you build relationships in the tech community that could prove invaluable for future endeavors.
One of the drawbacks of being a contractor is that there are no benefits, such as health insurance or retirement savings plans. This can be a major downside, especially for those who are not independently wealthy or who have families to support. Additionally, contractors may have to pay their own taxes, which can add up over time.
Less Job Security
Another drawback of being a contractor is that there is less job security than there is for full-time employees. This is because contractors can be let go at any time, and they may not have the same level of job protection as full-time employees. Additionally, contractors may find it difficult to get new projects if they have been let go from their previous ones.
Being a contractor also requires a great deal of self-discipline, as there is no one else telling you when and how much you need to work. This can be difficult for some people, especially those who are used to working set hours in an office environment. Additionally, working from home can be isolating, and it can be difficult to stay motivated without the support of colleagues.
Being a full time employee
One of the biggest advantages to full-time employment is job security. When you are employed by a company, they are obligated to pay you every month as long as you meet their expectations and performance standards. Let’s explore more about being a full time employee
You Will Have a Regular Schedule
If you are a full-time software developer, you will typically work regular hours. This can be beneficial if you prefer to have a set schedule. Additionally, full-time employees are often entitled to paid vacation days and other benefits, such as health insurance.
You May Have to Work on Weekends
While you may have a regular schedule as a full-time software developer, you may also be required to work on weekends or evenings if your company has deadlines to meet. This can be difficult if you have family or other commitments outside of work.
You Will Have More Job Security
Full-time employees typically have more job security than contract or freelance workers. This is because companies are less likely to lay off or fire full-time employees than those who are not working full time. Additionally, full-time employees usually have access to better benefits and job perks than those who are not working full time.
You May Have Less Flexibility
While having a regular schedule can be beneficial, it can also be limiting if you prefer to have more flexibility in your work schedule. For example, if you would like to take a day off or work from home, you may need to get approval from your boss in advance. Additionally, you may need to work overtime if your company is facing a deadline.
You Can Advance Your Career
Working full time as a software developer can help you to advance your career. This is because you will have the opportunity to gain experience and build your skillset while working with other developers on projects. Additionally, working full time can help you to develop relationships with other professionals in your field, which can be beneficial when seeking new opportunities or networking for jobs.
Working as a contractor or full-time employee has its own set of pros and cons that you should consider before making a decision. However, in either case, working with a recruiter can be extremely beneficial because they have insights into the top companies that are hiring for your skill set, whether it be as a contractor or full-time employee. If you’re looking for guidance on which route to take career-wise, don’t hesitate to reach out. A recruiter will be more than happy to help you figure out what’s best for you and connect you with opportunities accordingly.
How Can Techbridge Help?
At TechBridge, our goal is to bridge the gap between business and employee, matching qualified workers with the companies who need them. If you have any further questions or you’re interested in our staffing and recruiting process, contact us today!