Venturi: Igniting Success - Episode 7 🔥

Welcome to this weeks episode of igniting success. We appreciate all your support and for subscribing to our weekly newsletter. We always welcome and value feedback and anything more you would like to see from the Igniting Success Newsletter.

With a new year drawing in you maybe be looking at making a change, maybe your situation has changed, or you want to look at how you can earn more money, or have a more stable role.

Working in the tech industry means you can have the flexibility of whether you want a Contract or permanent role. but how do you know which is right for you?

Read on to help make your decision on what is next for you.

Exploring Contract vs. Permanent Roles: Which is Right for You? 🤷🏽‍♂️

Choosing between contract and permanent roles can be one of the most important career decisions you make. Each path offers different advantages, challenges, and long-term implications. Whether you're a seasoned professional or just starting out, understanding the key differences can help you align your career with your personal and professional goals.

Here’s an in-depth exploration of what both contract and permanent roles entail and how to determine which is right for you.

What Are Contract Roles?

Contract roles are employment agreements that typically last for a set period or revolve around completing a specific project. Contract lengths can vary dependent on the project, these can range from a few weeks to several years, and these can be offered direct or through a recruitment agency, such as us here at Venturi who have a dedicated contract team.

What are the key advantages of contract roles?👍🏼

1. Flexibility and freedom You as a Contractor have the ability to choose what you want to do! You have the freedom to select projects and clients that align with your skills and interests. This flexibility can also extend to working hours and locations!

2. Higher earning potential As a Contractor you can often earn more per hour than someone in a permanent role. This can be particularly beneficial for you if you have a niche or in-demand skills.

3. Build your portfolio By working on multiple projects across various industries, you can quickly develop a versatile portfolio, build on your skill set which can then make you more attractive to future employers.

4. Networking opportunities By working in different environments, you as a Contractor can build your network within the industry and open yourself up to mor opportunities.

What are the disadvantages of Contract Roles? 👎🏼

1. Job security Contracts vary in length and end once the project or agreement comes to an end, there is always an opportunity for contract extension if the project over runs, but usually the project will last for a set amount of time. This could potentially mean periods of unemployment and always on the hunt for a new opportunity.

2. Lack of benefits Health insurance, paid time off, pension and other perks are typically not provided in contract roles, which need to be something to be considered.

3. Financial admin When contracting you will need to manage your own taxes, invoicing and business expenses. This can be a confusing if you haven't dealt with this before, but you could consider hiring an Accountant to help you with this.

What Are Permanent Roles?

Permanent roles provide long-term employment with a company, and these come with a benefits package a set salary and opportunities for progression including a comprehensive benefits package and opportunities for career progression. If you are looking for stability and to climb the career ladder this could be the option for you! Lets look at some of the advantages and disadvantages to a permanent role.

What are the advantages of Permanent Roles? 👍🏼

1. Job stability A permanent role guarantees a steady income, and stability for the long term

2. Employee benefits In a permanent job your role will come with a benefits package that you wouldn't typically get in a contract role. Such as health insurance, pension plan, paid leave, and professional development opportunities, which enhance the total value of the role.

3. Career growth opportunities Working for one company permanently allows you to gain insight and knowledge, build on your key skills and be exposed to progression opportunities where you can climb the career ladder.

What are the disadvantages of Permanent Roles? 👎🏼

1. Limited variety If you are someone who likes variety and change a permanent role may not be for you. Working in the same environment in the same role can get monotonous for some especially if you don't feel challenged.

2. Slower earnings growth While permanent employees often enjoy raises and bonuses, their hourly rates tend to be lower compared to contractors, particularly for specialized skills.

3. Less flexibility Permanent roles typically require set hours and specific work locations that may not suit everyone.

Who Should Consider Contract Roles?

Contract roles are ideal for:

• Early-Career Professionals: If you are just starting out contract will help build your industry knowledge, you can work in various environments and build your skill set.

• Highly Skilled Specialists: If you are a Contractor with with in-demand skills you will more than likely be able to command higher rates.

• Flexible working People who value a flexible work life or the ability to take extended breaks between projects.

Who should consider permanent roles?

Permanent roles are a great fit for:

• Career-oriented professionals: If stability, peace of mind and career progression is important to you a permanent route maybe the best route to choose.

• Family-focused workers: Often having a family comes with more financial burden, working in a permanent role will allow you to have steady income and benefits package to help with this.

• New graduates: If you are new to the industry working in a permanent role can help you establish yourself in the industry whilst getting excellent training to build your career.

Key Questions to Ask Yourself To determine which type of role suits you best, ask yourself:

1. What are my current financial needs? Do you require steady income and benefits, or can you handle income fluctuations for higher pay?

2. How do I handle uncertainty? Can you embrace the unpredictability of contracting, or do you prefer a stable routine?

3. What are my long-term career goals? Are you looking to specialize in one field or gain a diverse range of experiences?

4. How important is work-life balance? Would you trade flexibility for structured hours and benefits?

Both contract and permanent roles have their pro's and cons, and the decision often boils down to your personal preferences, financial situation, and career aspirations. Hopefully this advice has helped you get a step closer to your decision.

If you’re still unsure about which path to take, our recruitment experts are here to help! Contact us today for tailored advice and explore our list of available contract and permanent opportunities.

Top Job roles this week 🤑

Here at Venturi we operate across 3 different countries in three different locations. Dusseldorf, Manchester and New York. We work with some of the most well known and big names in the world, and can introduce to opportunities you may only dream of! Please see this weeks new in job roles:

Candidate Testimonials 👏🏼

Some great testimonials coming in this for our Consultants who consistently do a great job in finding candidates the best roles with our best clients.

"Bill is great, listens to what we are looking for and finds great people quickly. He is always open to feedback. it's been over a year that we have been working together and we are very pleased with him" - Amjad - Software Engineer

"Konstantin Minchin was an absolute pleasure to work with—professional, friendly, and incredibly down-to-earth. Despite only speaking a few times, he made it easy to build a genuine rapport and guided me seamlessly to an amazing opportunity. Highly recommended!"

For all our up to date roles and newest opportunities visit our LinkedIn jobs page to apply!

Venturi Staffing and Recruiting

We hope you have enjoyed this weeks newsletter.

Have a productive and positive start to the week.

Kelly x