5 Compelling Reasons to do Contract Work

“Will a contract role damage my prospects as a candidate for permanent positions?”  That is a question I hear consistently from candidates as they evaluate whether or not working as an accounting contractor is for them.   Accountant recruiters should tell you that when you take a job as a accounting contractor, you can gain experience in different accounting functions and multiple industries that would otherwise remain closed to you.

Accountant recruiters should tell you that when you take a job as a accounting contractor, you can gain experience in different accounting functions and multiple industries that would otherwise remain closed to you.

The very nature of a permanent job for a new CMA, CGA and CA requires that they invest heavily in a specific skill and commit to a “workstream”. However, when you work as an accounting contractor you are choosing a job that has a finite term which is designed to address a temporary business challenge.  The result is that clients are willing to try people without industry specific experience in contract roles as long as they have the core skills required.

…clients are willing to try people without industry specific experience in contract roles as long as they have the core skills required.

A short way to tell if you would enjoy working as an accounting contractor is to examine the key benefits.  Do any of the following 5 reasons resonate with you?

  1.  Contract CMA’s, CGA’s and CA’s can build broad skills in a variety of areas like financial reporting, internal audit and IFRS as well as planning and forecasting in a short period of time.  Within 2 years, many accounting contractors will have held 4 or more roles across different accounting functions in multiple industries.
  2. Contractors are paid for every hour that they work and therefore can earn a premium over a full-time employee.  .
  3. You may enter an organization in one position and have your contract renewed in other functional areas as other hiring managers observe your quality of work and offer you opportunities in their particular areas.
  4. If the client likes the work you are doing,  then you may find a permanent offer is forthcoming – this gives you the opportunity to commit where there is a fit.
  5. The terms of contracts are finite and you can choose to move on if you have selected the wrong job.

Identify the gaps in your skill-set and seek out jobs as an accounting contractor that give you a chance to develop rapidly in those areas.

Instead of committing career suicide, the accounting contractors have increased their marketability for both permanent and contract jobs with their cross functional experience.  Those individuals are seen as adaptable and consistent winners – two qualities sought after by clients.