What are the Possible Benefits of Contract Jobs in India?

The gig economy is booming rapidly in India, especially after the coronavirus pandemic. Recent data released by Indeed stated that the economic shutdowns across industries due to the countrywide lockdown have led to the increase of job seekers' interest in a contract or temporary jobs by 150% this year. 

A contract job is when a person signs a contract to work for a few months to execute the project handed to him. The contract could last for 3 months or even a year or two. Once the contract is completed, he gets paid and what he wants to do with the remaining months of the year is totally up to him. 

Both employers and job seekers know the helpful benefits that contract jobs offer, especially during these challenging times. Let’s take a look at those benefits.

For Employers

1. Contractual hiring will help you in reducing the cost of resources, as you will be paying for them only for the duration their services are required 
2. Online job portals such as www.contract-jobs.com will handle the end-to-end employment cycle, which includes sourcing, interviewing, payroll management, leave tracking, and management. This will help you in saving your time, resources, and energy.
3. There are many job seekers who have worked on challenging and industry-specific projects. So, you won’t have to waste your time and resources training them from scratch. 
4. Contract jobs are perfect for college students who are looking for internships. Offering them contract-basis jobs will benefit both of you. 
5. With contract jobs, you get to pitch about the duration flexibility, which many millennials these days are looking for. You will never run out of candidates.

For Employees 

1. When you take on a contract job, you will relish the flexible lifestyle that it offers. If you work for 6 months on contract, you get to do whatever you want with the remaining months once the contract is completed, at your own expenses of course. You could travel, take up new hobbies or even start working on a new project. 
2. You get to be your own boss and work on your own terms.
3. You will get to encounter different people. This will help your network grow for future references.
4. As you work on more and different projects, you will get to develop and enhance your skills. There is always room to learn new things. 
5. The more contracts you take, the higher your income will be as compared to those with permanent positions. 
6. Recruiters are into contractual hiring as it offers flexibility and cost-cutting in manpower hiring. So, there are a plethora of contract basis jobs waiting for you.
7. You will get a chance to take up government contract jobs as long as you have the required skill set, experience, and qualifications. 

As you can see from the above-mentioned points, contract jobs offer benefits for both parties involved. It’s a win-win situation.