Why your next role should be a fixed term contract

Alice Thynne our consultant managing the role

Changing roles, no matter what your circumstance is can be daunting, especially in the midst of so much uncertainty. Many people’s natural reaction is to jump into a permanent role because it feels like a “safer” choice. 

For a long time, taking fixed-term contracts (FTC) was seen as something you did if you struggled to find permanent employment or were an independent contractor. But I took one in February 2021, and it wasn’t because I was lacking options or venturing into the world of self-employment. 

I decided to take an FTC over a permanent role because, despite the opportunity being short-term, it was much more exciting than the other options available to me, and I knew I would be exposed to systems and processes that I wouldn’t elsewhere. 

However, the job market has and continues to evolve. Job boards and recruitment agencies are reporting that vacancies are at an all-time high, whilst registered job-seekers are at the lowest they’ve ever been. 

Moreover, the current cost of living crisis will also influence the next steps you take when it comes to your career. 

So why, in such an ecosystem, would you take a temporary option over permanent work?

Enhance your skills and acquire new knowledge with temp contracts 

For me, a core benefit of working temporary and fixed-term contracts was the opportunity to learn new skills. 

No two businesses are the same. They use different tools, CRMs, and software and have different approaches to customer care. 

Through doing FTCs, you will undoubtedly pick up on these different skills and techniques, which allow you to grow and develop in a way you may not have by taking on a permanent role. 

Many people favour permanent work over FTCs, employers wanting to hire people on a fixed-term basis can be more flexible on their requirements. 

I was excited about the different software and tools on offer at Marks Sattin, as I wanted to challenge myself and learn new things.

Shifting dynamics: Remote work's impact on fixed-term contract work 

According to the ONS, 44% of UK workers currently work remotely in 2023, which is made up of 16% full-time remote workers, and 28% hybrid workers (who split their time between home and the office).

Our ability to work effectively is no longer defined by the length of our commute. This is because businesses recognise that by hiring remote employees, they can tap into a much larger talent pool, especially for the harder-to-fill roles. 

Furthermore, the consultants at Marks Sattin, who specialise in temporary and interim recruitment, have seen a distinct increase in the number of remote FTCs becoming available. 

Your legal rights are the same as permanent employees

For many people, there is a reluctance to take a fixed-term role, as there is a lack of certainty and security. 

However, the British government clearly outlines that “employers must not treat workers on fixed-term contracts less favourably than permanent employees”.

The gov.uk website clearly states employers must also ensure fixed-term employees receive: 

  • The same pay and conditions as permanent staff
  • The same or equivalent benefits package
  • Information about permanent vacancies in the organisation
  • Protection against redundancy or dismissal (including redundancy pay if you’ve been working for your current employer for 2 years or more)
  • Anyone who worked continuously for the same employer for two years or more has the same redundancy rights as a permanent employee

If you have any questions about your rights as a contracted employee, seek guidance from an employment law specialist, like Clarion Solicitors, as they are best placed to effectively advise you.

Your contract may be extended or you could become a permanent employee 

Just because you start on an FTC doesn't mean it will end when it is meant to. Fixed-term employment can evolve into a long-term opportunity

Depending on the company's requirements and your individual performance, your contract may be extended or you could become a permanent team member. 

Explore new fixed-term contract opportunities with Marks Sattin 

At Marks Sattin, our consultants make sure to keep abreast of the latest trends in their markets

Ultimately, FTCs are a great opportunity to learn new skills, undertake project work, and take on a new challenge in a business you may not have considered previously.

As a specialist recruitment and executive search firm with over 30 years’ of experience, we've helped many professionals find their next exciting opportunity, whether that's within global organisations or growing SMEs. And across different sectors such as finance, technology and transformation

If you are considering your options, please reach out to one of our qualified consultants, who are best placed to advise you on your next steps. 

Or register your details to shortlist jobs and sign up for job alerts so you're the first to hear about our latest opportunities.

23/10/23
posts

Related articles

How to become a change manager: qualifications and requirements
How to become a change manager: qualifications and requirements

Teaser

Change & Transformation

Content Type

Career Advice

23/07/24

Summary

What is a change manager?  A change manager ensures that business-wide changes are executed smoothly and effectively. This could be the implementation of a new process, system, or organisational

Teaser

Learn what the role of a change manager is.

Read full article
James  Thompson

by

James Thompson

James  Thompson

by

James Thompson

Five reasons change management is important in times of uncertainty
Five reasons change management is important in times of uncertainty

Teaser

Change & Transformation

Content Type

General

23/07/24

Summary

In the modern world of business, change management plays an important role in delivering results and ensuring employees are successful.  Whether spurred by technological advancements, shifts in m

Teaser

Learn why business leaders are seeking out change and transformation professionals.

Read full article
Cillian Mcevoy

by

Cillian Mcevoy

Cillian Mcevoy

by

Cillian Mcevoy

Why is change management important in transformation?
Why is change management important in transformation?

Teaser

Change & Transformation

Content Type

General

23/07/24

Summary

In the modern world of business, change management plays an important role in delivering results and ensuring employees are successful.  Whether spurred by technological advancements, shifts in m

Teaser

Join us as we explore some of the key areas of change management and why they’re so important for business transformation.

Read full article
Oliver Bradley

by

Oliver Bradley

Oliver Bradley

by

Oliver Bradley

jobs

Related jobs

Senior Commercial Finance Analyst

Salary:

£65,000 - £80,000 per annum + + bonus + benefits

Location:

City of London, London

Industry

FinTech

Qualification

Fully qualified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

An exciting opportunity for a Commercial Finance Analyst to join a growing international FinTech.

Reference

BBBH181444

Expiry Date

01/01/01

Florin Hodinitu Find out more
Financial Controller

Salary:

£100,000 - £120,000 per annum

Location:

City of London, London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£100,000 - £125,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

An exciting opportunity to join an international Bank and play a pivotal role in driving financial excellence, growth and transformation.

Reference

BBBH181445

Expiry Date

01/01/01

Florin Hodinitu Find out more
FInance Manager - Management Accounts (40% home working)

Salary:

Negotiable

Location:

Chorley, Lancashire

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Finance Manager (Management Accounts) - 40% home working

Reference

BBBH180107

Expiry Date

01/01/01

Laura Halloran Find out more
Commercial Financial Controller

Salary:

Up to £55,000 per annum

Location:

Edinburgh

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Delighted to be working once more with one of our long standing clients, who due to restructure are recruiting a Commercial Financial Controller

Reference

BBBH179738

Expiry Date

01/01/01

Laura Halloran Find out more
Group Financial Controller

Salary:

£85,000 - £95,000 per annum

Location:

Bristol

Industry

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Marks Sattin have been engaged by an international software services company based in Bristol to recruit a Group Financial Controller.

Reference

BBBH181364

Expiry Date

01/01/01

Ben   Neeamuthkhan Find out more
Buyer- Capex

Salary:

£50,000 - £55,000 per annum

Location:

Bristol

Industry

Manufacturing

Qualification

None specified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Marks Sattin have been engaged on an exclusive basis to recruit a fantastic Capex Buyer role for a very exciting client based in the Bristol area.

Reference

BBBH181424

Expiry Date

01/01/01

Ben   Neeamuthkhan Find out more
Senior Finance Business Partner

Salary:

Negotiable

Location:

London

Industry

Pharmaceuticals & Life Sciences

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

A 6-month contract Senior Finance Business Partner role with a globally renowned research organisation in London.

Reference

JAR2802

Expiry Date

01/01/01

Julia Aruci

Author

Julia Aruci
Julia Aruci

Author

Julia Aruci
Find out more
View all jobs