From Employee To Contractor, Where Do I Start?

From Employee To Contractor, Where Do I Start?

So you've made the big decision to switch from a permanent tech role in favour of trying your hand as a contractor - congratulations! This move will be sure to bring plenty of incredible benefits to both your career and to your personal life.

 

After all, by choosing to become a freelancer, you are going to be able to enjoy unparalleled flexibility when it comes to your working life. As well as taking your pick of the projects you spend your time on, and the organisations you work with, you will be able to fit your working periods around other commitments that are important to you, from further education and training, to family time and travel.

 

Furthermore, by becoming a contractor, you won't need to spend your time doing the same old repetitive tasks day in, day out. Instead, you can select the projects that will allow you to grow your skill set and expand your sphere of experience. Not to mention the fact that freelance employment can be significantly better paid than a salaried position. Little wonder, then, that as of 2022, the UK has over 4 million self-employed professionals, with those working in IT taking up a majority portion [1]

 

 

Finding Your First Contract

So, how do you get started with this exciting way of working? The first step should be to reach out to your network of professional colleagues, clients, and acquaintances. Think of people you know who have connections with the kind of organisations where you'd like to work, or in your area of expertise, and nurture these contacts. A dedicated professional social media account (such as on LinkedIn) is the ideal space to reach out to potential new contacts, too, and be sure to use this as a way to showcase your skills and experience. Don't be afraid to link to a portfolio of your previous work.

 

Consider which of your skills you'd like to focus on, and draw together testimonials and references that prove your capabilities in this area. Of course, one of the best things about being a contractor is the chance to expand on your skill set, so highlight your commitment and enthusiasm to learning, too.

 

 

Take Care Of The Practicalities

It's not just the contracting work that needs to be taken care of. When you switch from being a salaried employee to a freelancer, you need to take responsibility for your tax and accounts, too. Be sure to take advice from a qualified accountant if necessary, and get to grips with important areas such as the new IR 35 status regulations. You may find that it makes sense to register your own consultancy as a limited liability business. Thankfully, taking care of the business side of things needn't be too daunting- there are many apps and other resources available to help you manage your tax and accountancy responsibilities.

 

Work With An Expert In Contracting

Of course, the easiest way to enjoy a smooth transition from permanent employment to freelancing is to work with an expert. Here at djr, we specialise in placing talented tech contractors with the very best opportunities, helping them to achieve their career goals.

Why not get in touch today, on 0203 070 9019, at djr, The Smith, 145 London Road, Kingston upon Thames, Surrey, KT2 6SR, or at contact@wearedjr.com to discover how djr can help you to find your next role as a fully-fledged IT contractor?

 

Resources:

[1] https://www.statista.com/statistics/318234/united-kingdom-self-employed/