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Be your own boss: a career as a contractor

Hays
Hays

At Hays, we've witnessed a global surge in the demand for non-permanent workers, with organisations actively seeking skilled professionals to fill gaps. But do you know what skills you need to be a contractor, or what the benefits of project work are? In this presentation by Travis O'Rourke, President of Hays Canada, Travis shares insights into the benefits of life as a contractor, the skills needed to succeed and the steps to take.

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BE YOUR OWN BOSS:
A CAREER AS A
CONTRACTOR
With Travis O’Rourke
WHAT YOU'LL LEARN
DURING THE EVENT
What is a contractor and what
do they do?
Why is there such high demand
for contractors in 2023?
What are the benefits of
becoming a contractor?
What are the skills or traits
you need?
What should you think about before
starting out?
How can you get started and achieve
lifelong success?
ANYTHING YOU WANT TO ASK?
DROP YOUR QUESTIONS IN THE COMMENTS BELOW
Which industries are looking
for contractors?
WHAT IS A CONTRACTOR
AND WHAT DO THEY DO?
Contingent worker
Not a permanent employee anywhere
Specialist in chosen field
Helps clients in tackling problem areas
Works in short term
Moves between clients and projects for set periods
Own boss
Offers their service as a business
HOW DOES A CONTRACTOR DIFFER
TO OTHER CONTINGENT WORKERS?
Manage own incorporated business
(with associated benefits and risks)
Often knowledge workers with highly
desired skillset
Usually use and provide own equipment
Potential for multiple clients
Rates often set by contractor
CONTRACTOR
TEMP
Temporary employee
Usually cover for absences/in
busy periods
Work at employer and use
their equipment
Typically one employer at a time
Rates set by employer
WHY IS THERE SUCH HIGH DEMAND
FOR CONTRACTORS IN 2023?
Skills gaps
Less need for
onboarding and
training
Lower costs
Scalable workforce
in response
to demand
(or lack thereof)
Changing needs
of workers
WHICH INDUSTRIES ARE
LOOKING FOR CONTRACTORS?
Technology
Engineering
Mining
Energy
Pharma
Construction
Industries where contractors are in demand include:
Consulting

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Be your own boss: a career as a contractor

  • 1. BE YOUR OWN BOSS: A CAREER AS A CONTRACTOR With Travis O’Rourke
  • 2. WHAT YOU'LL LEARN DURING THE EVENT What is a contractor and what do they do? Why is there such high demand for contractors in 2023? What are the benefits of becoming a contractor? What are the skills or traits you need? What should you think about before starting out? How can you get started and achieve lifelong success? ANYTHING YOU WANT TO ASK? DROP YOUR QUESTIONS IN THE COMMENTS BELOW Which industries are looking for contractors?
  • 3. WHAT IS A CONTRACTOR AND WHAT DO THEY DO? Contingent worker Not a permanent employee anywhere Specialist in chosen field Helps clients in tackling problem areas Works in short term Moves between clients and projects for set periods Own boss Offers their service as a business
  • 4. HOW DOES A CONTRACTOR DIFFER TO OTHER CONTINGENT WORKERS? Manage own incorporated business (with associated benefits and risks) Often knowledge workers with highly desired skillset Usually use and provide own equipment Potential for multiple clients Rates often set by contractor CONTRACTOR TEMP Temporary employee Usually cover for absences/in busy periods Work at employer and use their equipment Typically one employer at a time Rates set by employer
  • 5. WHY IS THERE SUCH HIGH DEMAND FOR CONTRACTORS IN 2023? Skills gaps Less need for onboarding and training Lower costs Scalable workforce in response to demand (or lack thereof) Changing needs of workers
  • 6. WHICH INDUSTRIES ARE LOOKING FOR CONTRACTORS? Technology Engineering Mining Energy Pharma Construction Industries where contractors are in demand include: Consulting
  • 7. WHAT ARE THE BENEFITS OF BECOMING A CONTRACTOR? Salary – potential for higher pay and tax benefits Flexibility – many contractors work remotely Freedom – ultimately, you’re your own boss! Variety – lots of different projects available Opportunities – chance to build own brand and business In response to our LinkedIn poll earlier this month 41% believe that flexibility in choosing work is the biggest advantage of working as a contractor
  • 8. WHAT ARE THE SKILLS YOU NEED? Technical expertise - clients are investing in skills and knowledge Motivation – job searches are frequent Organisation – contractors need to manage their career Adaptability – work environments will change quickly Relationship building – networking and engaging with new stakeholders is key In response to our LinkedIn poll earlier this month 52% believe building and maintaining relationships is the ‘most important attribute to have to be a successful contractor’ Communication – must understand and meet client demands
  • 9. WHAT SHOULD YOU THINK ABOUT BEFORE STARTING OUT? Do you have the right skills? How would you cope without colleagues/constantly changing co-workers? How do you measure progression? Does it offer the same opportunities for learning and development as being a full-time employee? What if you want to return to full-time employment? In response to our LinkedIn poll earlier this month 53% said the biggest challenge is ‘periods without work’
  • 10. HOW CAN YOU GET STARTED AND ACHIEVE LIFELONG SUCCESS? Grow your network Identify skills gaps Find the right learning resources Stay on top of trends Keep portfolio up to date Look at available opportunities Talk to Hays
  • 11. Your chance to ask some questions! Q&A
  • 12. THANK YOU TO ALL OUR VIEWERS