Here’s the scenario:

You’re a Project Manager in the midst of finding a new job. For the past several years, you’ve worked as a contractor at a number of companies. During this time, you’ve had the chance to work on some high-profile projects using the latest emerging technologies. These projects have allowed you to learn new skills and work with teams consisting of diverse and highly talented IT professionals. You’re current contract is ending soon, but you know that your skills are in high-demand and finding a new gig shouldn’t be a problem.  In fact, your technical recruiter has presented two opportunities: one is a contract job and the other is a permanent position.

You go through the interview process at both companies, and you’re presented with two offers. You decide the contract position offers an exciting opportunity to work for an industry leading company that is in the process of developing an innovative technology. There’s also the freedom of telecommuting during the week. The perm job, on the other hand, isn’t as appealing.  The company reduced staff significantly during the Great Recession.  It has several projects that must be implemented this year, and has begun increasing staff and hiring full-time employees. You aren’t really excited about the full-time position, and the company’s culture may not be the best fit. You also don’t think there will be much opportunity within the company to grow. You really like the contract job and feel there is opportunity there that will enable you to take your career to the next level.  However, there’s one thing that makes the full-time job more attractive.  It appears to offer more stability. And that’s important given the fact you and your wife have a baby on the way.

Which offer do you choose?  As more companies are opening up full-time positions, would-be IT contractors are facing this dilemma. Many are going straight to the company with full-time work for the sake of stability. That’s understandable – given what most of us have struggled through during the recession. But keep in mind one thing. Contract jobs can offer the same level of stability and security (and more flexibility). The key is to be prepared for the next opportunity by working with a recruiter who’s always going to have your back.

If you’re a contractor and you want to ensure a high degree of job security follow these simple rules.

1. As soon as you know when you'll be coming off your current contract, start updating your resume and get it to your recruiter ASAP!
2. Have a discussion with your recruiter early on and let her/him know what new opportunity you're interested in. Having this information will enable the recruiter to scope out opportunities that will be a good fit and get you excited!
3. Throughout your existing assignment, make sure your quality of work remains high, your attitude is always professional, and you leave on good terms with your manager. You never know if and when you'll be called back for another assignment with that client.  In addition, this will make it easier for your recruiter to sell you to other clients.

Full-time work can be enticing to IT professionals who want some semblance of job security.  And sometimes, taking a perm job over a contract assignment makes good sense based on the needs of the individual. But don’t discount the stability of contract work.  If you partner with a solid recruiting company, and you prepare yourself for the next assignment, there shouldn’t be a reason to worry about periods of unemployment – or being stuck in a job or company you dislike.

If you’re still not sure about what you would do if faced in the above situation, read our previous blog “10 reasons why IT contract jobs are worth considering.”