We have all witnessed a dramatic shift in the employment landscape these past few years. Remote work has surged as employees and workers demand greater flexibility from employers when choosing where and when they work.
This shift has spiked the demand for temporary and contract jobs as the American workforce seeks flexible work opportunities that allow for a greater work-life balance. And these opportunities are not just sought by those who are currently unemployed. More and more full-time workers are also looking for temporary contract jobs that allow them to explore other areas of interest and supplement their income.
So, if you have a full-time job and are considering taking on a side hustle, here are several benefits and advantages you should be aware of that could help overcome any outstanding hesitation you may have.
This is perhaps the most glaring benefit that comes from taking on temporary and contract jobs in addition to full-time employment. The year 2022 saw steep increases in the cost of living and Americans were suddenly paying a lot more for a lot less.
A second job is a common approach to helping meet financial needs when costs go up, but balancing two-full time jobs can be a daunting (and exhausting) task. Contract work and temporary work allow you to earn extra money without the commitment of a full-time job. This can help you preserve your spare time and keep you from a long-term commitment.
Not everyone is currently working their dream job. And for many, they are so focused on earning a livable wage, it can be difficult to explore opportunities that will help them develop the skills for the careers and positions they really want.
Once again, this is where contract work and temporary jobs offer a significant benefit. They are a great way to gain relevant work experience and improve career skills in new areas while still having the security that comes from a full-time job. If you aspire to a career change but lack the skills to make the switch now, use temporary work to build those skills until you are ready.
Those performing temporary work and contract work are permitted to write off business expenses and avoid having to pay another layer of tax on those purchases.
If you use your computer, phone, or apartment as part of your temporary work, you could be entitled to write off a percentage of your bills, purchases, and rent. But do not forget to consult with a tax expert to ensure you are properly deducting your business expenses.
Finally, temporary and contract work offers a path to complete work-life freedom. Rather than committing to a single employer, some workers prefer to take on multiple contract and freelance roles.
This approach allows workers to have complete control over their schedules and work from wherever they want.
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