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Rebounding with contract employees

Carl 22 January 2010 0

I heard a great presentation by Edward Hernandez in Denver last week which was quite interesting.  He was talking about one of my hot topics at the moment, employee engagement.  I thought I’d share with you an additional observation which I believe is much more important than it first seems:

As the economy rebounds, companies will be reluctant to hire full-time employees.  Fairly obvious, right?  But this has broad implications.

First, why would this statement be true?

  • Companies have recent painful memories of how hard it is to shed permanent employees.
  • They will be unsure about the magnitude and longevity of the rebound.  Is it for real this time?  What happens if it’s slower than currently projected?
  • Full-time employees come with the expectation of stability in job assignment.  There’s more flexibility with hiring contractors to address short-term pain points.

There’s some very interesting implications from this statement for anyone who’s in the job market:

  • Be open to the possibility of part-time and/or contract work, possibly for the rest of your career.
  • Tap the available resources to learn how to manage yourself as an independent contract business.  Fortunately, there’s plenty available.
  • Market yourself as an excellent contract worker – this may well place you ahead of others who are only looking for full-time positions.  Change your résumé/CV, put up a website, and start describing yourself as a business.
  • Start tracking what’s going on in your market – what’s happening with strategic moves at various possible employers, where pain points are emerging, and map that to short-term projects that you could engage with.

It’s tough to find a job right now, so anything you can do to increase your odds will be time well spent!


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Posted in Career Coaching
Tagged career, Career Coaching, job hunt, marketing
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