Flexibility

• Because businesses often hire contractors for temporary projects, they offer some flexibility with work schedules and locations. Many contractors work from home, and visit their clients periodically to report their progress.
  
  

Higher Wages

• Because a contractor is not an employee of an organization, benefits such as health insurance and paid vacation are not offered. Employers may pay higher hourly wages to contractors because they have no additional costs and the commitment is short-term.
  
  

Commitment

• A contractor is not committed to an employer after the assignment or project is completed, and can find one or several other opportunities while working on an assigned project.
  
  

New Skills

• Because contractors often work in different organizations and industries, they often learn new skills as part of the project, which can enhance their resume.
  
  

Disadvantage

• Although contracting can offer a variety of benefits, there is the possibility of not finding project or temporary work and being unemployed for periods of time. These professionals often look for additional work on a continual basis to ensure their financial goals are met.