How to achieve contractor or interim success
The driver for working as a contractor varies from professional to professional. Many enjoy the greater flexibility it affords, others recognise the premium that contractors are generally paid and the ability to maximise their net pay. Although contracts can run for long periods a lot of professionals are drawn by the variety in challenges and environments that they experience and the opportunity to expand their critical skills. Contracting, however, is not for everyone. It is less secure than permanent employment, demands very specific competencies that we outline in one of our links here and for most, there is the additional personal accounting administration to look after.
In addition to contractors, we work with Interim Executives and Fractional Executives. In the case of the latter two, their difference over contractors really relates to the levels at which the person operates. Contractors are generally part of an organisation’s effort to achieve a specific outcome, Interims normally operate at executive level only and will often have function or organisation transformation leadership as part of their remit. While Interims will generally devote all of their professional time to a specific organisation during the period of the agreement, Factional Executives are leaders who perform part time roles for organisations that involve advisory and implementation contribution.
For the professionals involved in all three types of flexible services, the benefits are similar. For organisations, access to these agile professionals provides accelerated outcomes at remarkably similar outlay to permanent employees. Each month we add new guides and advice on how to ensure your experience as a contractor is a great success.