Contractors are more likely to be motivated by certain lifestyle benefits, not money, finds a new survey.
Of the contractors surveyed, more than 70% said that lifestyle factors were a key factor, 38% said freedom and flexibility, 21% said the variety of work and 12% said it was a good work-life balance that made them happiest about contracting.
Just 29% said that money was their main motivation for joining the UK’s flexible workforce.
Although the latest SJD Accountancy’s Contractor Attitude Survey found that many contractors do enjoy higher rates of pay, the other findings were very similar, with 63% of those surveyed saying flexibility was the key factor for enjoying being a contractor, 61% said they were happy not to have to deal with office politics, 54% enjoy their freedom and 53% said it was the better work/life balance that they enjoy the most.
It’s difficult not to place money at the top of the list for most contractors, as the majority (91%) of those surveyed said that they are earning more as a contractor than when they were a permanent employee.
Derek Kelly, Parasol managing director, said of their survey, “These findings provide a fascinating insight into the mindset and motivation of today’s career contractor.
“In the time-pressured world of 2013, freedom from the rigidity of ‘traditional’ employment – and the subsequent ability to assert greater control over working patterns – is a major draw for contractors.
“Variety is the spice of life, and with more than 20% of our employees citing the chance to work on different assignments as their favourite thing about contracting, the same appears to be true in the world of work.”
Considering making the switch from working as a permanent employee to a contractor? Then read our free downloadable guide to moving from permanent to contracting, you may also find our advantages and disadvantages of a Limited company page useful.
If you wish to appoint SJD as your accountants, simply complete our online Client Agreement Form or speak to a member of our New Business Team who can complete the client agreement form on your behalf. Call 01442 275789 or email firstname.lastname@example.org.