A report produced by Halogen in conjunction with CIPD (the professional body for HR and people development) has found that 24% of employees are seeking new employment opportunities.
With findings showing that employee satisfaction is at its lowest since 2014, it may be time for you to consider a new option.
In this study, managers score highly for supporting their employees; however, satisfaction is lower because many employees feel their managers need to support their career progression more actively.
The report’s findings are very interesting and it could be argued that many disgruntled employees are turning to a different career path. One in which they can make key decisions, reach their goals and be their own boss.
You too may be in a similar situation where you aren’t getting the promotion you want, your promised progression in the company has been put on hold due to budget constraints, and quite simply, you are fed up.
If this sounds like your situation, you may want to find out about the great benefits of contracting. For many contractors and freelancers, the reason they left employment was similar to that of the reasons found in this study. Our team often hear of contractors who left employment due to uphill battles to meet ever-changing targets, office politics and no professional development. These reasons usually rank highly for many contractors making the switch from employment to contracting.
If you are looking for the chance to expand your career and enhance your portfolio of expertise, you should consider contracting or freelancing.
Contracting offers the opportunity to expand your skills, grow your career and move up the professional ladder. Making the change from permanent employee to contractor is something many skilled but perhaps undervalued workers choose.
Offering increased earning potential and the option to be the director of your own company, contracting gives you the chance to make your own rules.
So how do you move from employment to contracting?
If you want to improve your job satisfaction, the first step would be to speak with recruitment agencies that can offer you roles on a contractual basis. Sending out copies of your updated CV will mean you’re top of the recruitment consultants desk.
You can find out more about moving to contracting and reading our advice on this.
Things to consider:
When you start contracting, you will need to keep in mind that you won’t be on a company payroll. This means you need to find alternative methods of being paid. Most contractors and freelancers we work with choose a limited company to do this. The benefits of a limited company include quick and easy set-up and a range of tax saving opportunities for you to help maximise your take home pay.
Therefore, not only will you have increased take home pay, but you will also be the director and shareholder of your own company. Leave behind troublesome managerial issues and join the growing network of independent professionals in the UK.
If you’ve already made the decision to move to a contract or freelance role and leave employment behind, speak to us about setting up a limited company. Not only can we help you with set-up but we will also help manage the accounting for you with our bookkeeping, invoicing and payroll service.
You can also request a callback or try our take home pay calculator below to see how your take home pay could increase along with your job satisfaction.