News

70% of limited company contractors report that contracting has had a positive effect on their work/life balance, according to a survey carried out in the second half of 2012.

The survey, carried out by a UK accountancy practice, attracted 1,000 responses and focused on contractor attitudes.

A 74% majority of those surveyed reported consciously choosing to go contracting. 14% of respondents reported going contracting due to a lack of permanent positions available and 12% reported ‘other reasons’, for example, redundancy, being headhunted or after retirement.

 

The financial rewards of contracting are highly valued according to the survey, as 84% of respondents answered ‘higher rates of pay’ when asked what they most enjoy about being a contractor. Flexibility and lack of office politics were also popular answers.

 

The study found that 79% of contractors find being a contractor more satisfying than being an employee and 79% do not miss the benefits of being an employee.

77% of those surveyed are more positive on the current contracting market – a 5% increase from the previous survey carried out in the first half of 2012.

83% reported that they are likely to remain contracting for the next few years.