Contractors are a massive 97% happier than permanent employees, reveals new survey

A study of 8000 respondents taken by McKinsey Global Institute (MGI) found that satisfaction levels amongst contractors are significantly higher than those of their permanent counterparts, as more workers around the globe choose to make the leap into flexible contracting work. Working nine to five for a single employer bears little resemblance to the way a substantial share of the workforce makes a living today and the findings by MGI show that contractors are now showing greater satisfaction levels in nearly every aspect of their work.

So what is it that is making those contracting so very happy?

So as well as a substantially higher sense of gratification overall, contractors reported that they also had considerably superior satisfaction levels to permanent employees in twelve individual aspects of work they were asked about, including:

– Opportunities for development
– Flexibility
– Assignments undertaken
– Recognition received
– Ability to express creativity
– Level of income

Which is reflected in the feedback that we receive from our very own contractors on the motivation behind their decision to pursue a move across to contracting with us in the UK. MGI comments that ‘These findings echo a large body of academic work pointing to the importance of choice, autonomy, and self-agency as key drivers of worker satisfaction. Free agents (contractors) cite higher satisfaction than traditional workers across issues ranging from the creativity they can express to opportunities for learning and recognition.’

So is Contracting really for you…?

Whilst the report states one in six workers in traditional employment would like to contract – it is the more specialist highly skilled independent workers that the UK are currently experiencing shortages of, and are willing to pay top rates of pay for. More and more UK businesses are realising the mutual benefits of hiring skilled contingent staff to bridge these skill gaps, recognising that engaging with contractors can allow them to become more agile, efficient and productive. MGI’s report encourages contractors to continue to develop their in demand specialist, differentiated skill-sets, and urges each independent worker to operate almost like a self-contained small business (it’s easy – we can show you!)

So if you have the skills, and think you are ready to make the move to achieve a much greater job satisfaction – then why not get in touch. myOE can talk you through all aspects of life as a contractor, together with the many other elements of your overseas experience such as finding a job, a quality place to live and a large network of new friends and contacts to hang out with. We provide free support and advice on your UK visa eligibility, as well as setting up other things you will need once you arrive – such as a National Insurance number, UK bank account, and how to reformat your resume for the UK market.

To find out how we can help you in your preparations to live, work and play in the UK, contact our dedicated team today!

 

 

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