The modern contractor in Yorkshire works to live, not lives to work

Niamh Hellewell our consultant managing the role

In the aftermath of the COVID-19 pandemic, we've observed a significant shift in career dynamics, particularly among young finance professionals. Traditionally, candidates in this sector would be climbing the corporate ladder within permanent roles, driven by aspirations of progression and long-term stability. However, my recent experiences suggest a growing trend: many young professionals are now actively seeking interim and contract finance opportunities. This change is not just a blip on the radar; it represents a broader transformation in how we perceive work and career progression.

A New Generation of Contractors

Historically, contracting in finance was often the domain of senior professionals. These individuals, having achieved a certain level of financial security—often symbolised by paying off their mortgage—opted for contracting as a lifestyle choice. The flexibility of interim roles offered them a reprieve from the pressures of senior permanent positions while still allowing them to leverage their expertise at a premium rate

However, the pandemic has catalysed a shift in this narrative. Young professionals, who would traditionally be on a path of steady progression within permanent roles, are now showing interest in fixed-term contracts (FTCs) with the intention of interspersing work with periods of travel. This new generation of contractors is redefining career trajectories, prioritising flexibility and work-life balance over the conventional climb up the corporate ladder.

The Influence of COVID-19 on Career Choices

The COVID-19 pandemic has indisputably altered our approach to work. Lockdowns and social distancing measures forced many to reassess their work-life balance and consider what truly matters to them. Consequently, the notion of "working to live" has gained prominence over "living to work". 

This paradigm shift is particularly evident among younger professionals who have witnessed the challenges and uncertainties brought about by the pandemic. They are increasingly valuing experiences, personal growth, and mental well-being over traditional markers of success, such as job titles and long-term job security. Interim and contract roles offer a unique solution, providing both the professional engagement and the flexibility to pursue personal interests outside of work.

Business Adaptability and the Rise of Remote Work

The pandemic has also compelled businesses to become more agile and adaptive. Remote working, once considered a perk, has become the norm, as evidenced by our latest research, which found that 90% of employers in Yorkshire offer remote/hybrid working options. This shift has made interim and contract roles more viable and attractive. Organisations have realised the benefits of flexible work arrangements, such as reduced overhead costs and access to a broader talent pool unconstrained by geographic limitations

As businesses embrace this new flexibility, they are more willing to accommodate interim professionals, recognising the value they bring in terms of expertise and adaptability. This has created a fertile ground for young professionals to explore interim opportunities without the fear of career stagnation.

Financial Incentives and the Appeal of Premium Rates

Another compelling reason for the rise in interim and contract roles is the financial incentive. Contracting typically offers higher rates compared to permanent positions, compensating for the lack of long-term job security and benefits. For young professionals, this means the opportunity to earn more in a shorter period, enabling them to fund their travels and other personal pursuits. 

Moreover, the experience gained through diverse interim roles can be invaluable. It allows young professionals to build a robust portfolio, demonstrating their ability to adapt and thrive in various settings—a quality highly sought after in today's dynamic job market.

Conclusion: Embracing a New Way of Working

The rise of young people opting for interim and contract finance opportunities post-COVID signifies a fundamental shift in career preferences. This movement reflects a broader change in societal values, prioritising flexibility, personal growth, and work-life balance over traditional career progression.

For businesses, this shift presents both opportunities and challenges. Adapting to this new workforce dynamic requires flexibility, but it also promises access to a diverse pool of talented professionals who bring fresh perspectives and adaptability to the table.

As we navigate this evolving landscape, it is crucial for both employers and professionals to remain open to change, embracing the new possibilities that interim and contract roles present. In doing so, we can create a more dynamic, resilient, and fulfilling work environment for all.

By understanding and adapting to these trends, we not only enhance our professional lives but also align our careers with our personal values and aspirations. So, whether you are a young professional contemplating your next move or a business looking to tap into this new talent pool, the future is certainly looking flexible and promising.

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.

11/06/24
posts

Related articles

Why you need finance contractors to bolster your business
Why you need finance contractors to bolster your business

Teaser

Financial Services

Content Type

General

24/06/24

Summary

The interim and contracting industry currently accounts for a third of the world’s working population and is projected to reach $500 billion in gross volume in the next five years. Why has there

Teaser

Contract work meets rapidly changing needs

Read full article
Ryan Johnson

by

Ryan Johnson

Ryan Johnson

by

Ryan Johnson

London SMES are increasingly reliant on temporary workers
London SMES are increasingly reliant on temporary workers

Teaser

General

Content Type

General

06/06/24

Summary

According to research from Sonovate London SMES have become increasingly reliant on temporary workers. New research has revealed that there has been an increase in reliance from small and medi

Teaser

Are London SMEs increasingly reliant on temporary workers?

Read full article
Jamie Smith

by

Jamie Smith

Jamie Smith

by

Jamie Smith

Making the Most of Your First ACA Qualified Role in Industry
Making the Most of Your First ACA Qualified Role in Industry

Teaser

Commerce & Industry

Content Type

General

05/06/24

Summary

Transitioning from an accountancy practice into your first role in industry is a significant milestone in your professional journey. As a newly qualified accountant, you possess a robust fou

Teaser

Looking to make your first move into industry? We can help!

Read full article
Hannah Spears

by

Hannah Spears

Hannah Spears

by

Hannah Spears

jobs

Related jobs

Senior Accountant

Salary:

£60,000 - £66,560 per annum

Location:

City of London, London

Industry

Consumer & Retail

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Senior Financial Accountant long-term contract role (15 months) with a leading eCommerce organisation based in London.

Reference

JAR2805

Expiry Date

01/01/01

Julia Aruci

Author

Julia Aruci
Julia Aruci

Author

Julia Aruci
Find out more
Financial Controller

Salary:

£70,000 - £80,000 per annum

Location:

Kirkby, Merseyside

Industry

Energy, Resources and Industrial

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

Financial Controller role based in Kirkby on an initial 12 month fixed term contract paying anywhere between £70,000 and £80,000 with hybrid working

Reference

BBBH180898

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
FINANCIAL CONTROLLER

Salary:

€55,000 - €75,000 per annum

Location:

Schiphol-Rijk, North Holland

Industry

Transport & Logistics

Qualification

Part qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Momenteel zijn wij op zoek naar een Financial Controller voor een multinational in de logistics & supply chain. Dit bedrijf staat bekend als marktleider binnen innovatie, IT en maatwerkoplossingen.

Reference

BBBH180942

Expiry Date

01/01/01

Guido Buwalda

Author

Guido Buwalda
Find out more
Valuations Senior Manager

Salary:

Negotiable

Location:

London

Industry

Professional Services

Qualification

Fully qualified

Market

Financial Services

Salary

£100,000 - £125,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Marks Sattin are delighted to be partnered with a global and leading accounting firm in recruiting for their high performing Valuations team at Senior Manager Grade.

Reference

BBBH168599

Expiry Date

01/01/01

Daniel Horton

Author

Daniel Horton
Find out more
Senior Finance Business Partner

Salary:

£80,000 - £85,000 per annum

Location:

Reading, Berkshire

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Senior Finance Business Partner - Reading (2 days in office) - Salary to £85,000

Reference

BBBH180937

Expiry Date

01/01/01

Neil Burton

Author

Neil Burton
Neil Burton

Author

Neil Burton
Find out more
Interim Financial Reporting Accountant

Salary:

Up to £60,000 per annum

Location:

West Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Professional Services

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

This is a remote role and they're looking for interim support for a period of 4 Months.

Reference

NH - 180899

Expiry Date

01/01/01

Niamh Hellewell Find out more
Assistant Management Accountant

Salary:

£40,000 - £45,000 per annum

Location:

Croydon, London

Industry

Investment Management

Qualification

Part qualified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

A Management Accountant position to join a growing finance team to assist the Finance Director with accounting & strategic needs.

Reference

BBBH180925

Expiry Date

01/01/01

Thomas  Steel

Author

Thomas Steel
Find out more
Finance Assistant

Salary:

Up to £30,000 per annum

Location:

Croydon, London

Industry

Investment Management

Qualification

None specified

Market

Financial Services

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

A Finance Assistant position to join a growing finance team for an Investment Management firm in Croydon!

Reference

BBBH180916

Expiry Date

01/01/01

Thomas  Steel

Author

Thomas Steel
Find out more
Treasury Manager

Salary:

€80,000 - €110,000 per annum

Location:

Amsterdam, North Holland

Industry

Transport & Logistics

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Treasury

Contract Type:

Permanent

Description

Momenteel zijn wij voor een internationaal logistiek bedrijf dat actief is in 10 Europese landen, op zoek naar een Treasury Manager om de volledige treasury structuur neer te zetten op groepsniveau

Reference

BBBH180918

Expiry Date

01/01/01

Guido Buwalda

Author

Guido Buwalda
Find out more
Finance Director

Salary:

€120,000 - €170,000 per annum

Location:

Amsterdam, North Holland

Industry

Transport & Logistics

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£125,000 - £175,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Voor een internationaal logistiek bedrijf zijn wij op zoek naar een Finance Director. De Finance Director gaat aan de slag met het opzetten van een internationale financiële en fiscale structuur

Reference

BBBH180913

Expiry Date

01/01/01

Guido Buwalda

Author

Guido Buwalda
Find out more
View all jobs