According to more than 1,000 contractors who completed the biannual survey by specialist accountants, SJD Accountancy, 82 per cent of limited company contractors said their work life/personal life balance was either better or had not changed since becoming a contractor.
Over 77 per cent said they found being a contractor more satisfying than being an employee; and less than 10 per cent said they would go back to permanent employment if an offer was made available. About half would consider going back to permanent work depending upon what was being offered.
SJD said: "This confirms why so many people stay in contracting, with over 88 per cent surveyed classing themselves as a ‘committed contractor’." Other areas cited about what they enjoy about contracting included: enjoying higher rates of pay (84 per cent), the flexibility contracting offered (70 per cent), greater freedom (65 per cent) and just over a third said being viewed as an industry expert.
Results also concluded that in spite of a struggling economy, more than nine in 10 were earning more as a contractor than they were as an employee.
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Susie Hughes © Shout99 2012