Chances are high that if you work in IT and telecommunication, construction and civil engineering, aviation, flight crew and ground staff and maintenance, medical and health care, oil and gas, or mining and energy, that freelance contracts are available to you.
In the United States, it’s typically referred to as freelancing, while in Europe the generic term is contracting, though freelancing is also common. Whichever way you refer to it, it’s evident that harnessing the talents of contractors is becoming increasingly popular amongst businesses and corporations, particularly in these unpredictable times that we are experiencing.
More and more businesses are seeking to augment their current workforces by hiring freelance or contract staff, whether to take on large, strategic projects, to fill staff gaps, to bring their unique expertise or to accelerate business growth (or a combination of these factors). Leveraging the skills of a contractor provides additional benefits, including increased workforce agility and lower tax burdens.
On the other end of the spectrum, more and more professionals are opting to make their living as contractors or freelancers. As a result, the contract workforce is becoming an increasingly significant part of the labour mix.
The reasons for this are ample. First of all, contracting is extremely appealing to individuals who yearn for a higher income, without the desire to climb the corporate management ladder. Contracting typically pays more than the permanent market, particularly if you are in possession of in-demand, premium skills.
Contracting is also growing in popularity due to the fact that it offers more flexible working opportunities. Contractors benefit from regular pay for their work, as well as the freedom to take long holidays between contracts. It’s also ideal for those looking to work wherever they please, in an industry that they excel in.
Contracting is also extremely beneficial in our current unpredictable climate, where many people have been forced to work remotely as a result of the coronavirus pandemic. Thanks to contracting solutions, individuals are now being offered more remote working opportunities in order to carry out contracts worldwide from a variety of locations.
The move to contracting involves a shift to finding and negotiating that next job or posting, and then dealing with the legal, accounting and administrative burdens that come with it. Many skilled professionals that operate on a freelancer contracting basis are responsible for setting up their next assignment or contract.
There are many employment agencies that specialise in dealing with contract workers and other contracts might arise without an employment agency involvement. For example, an individual may receive a referral from an ex-colleague, they may be approached by a former employer, or may be headhunted directly or through a social media network, such as LinkedIn.
International contracting means dealing with a whole host of frustrating issues and activities that would usually be dealt with by separate departments of a company when hired as an employee.
In the case of contracting or freelancing, once offered a contract, the most tedious tasks of a business entity are usually dealt with at the end. Even the most basic or routine activity, such as completing and signing the contract itself, is now part of the contractor’s administrative burden.
Performing all of these obligations manually can be a timely and frustrating process, which is why we recommend the professional services of Chesterfield.
At Chesterfield, we specialise in supporting contractors/freelancers with their every requirement. We provide the back office functions to equip contract or freelance workers with the business entities they need to carry on with their trades or professions. What’s more, we offer superior outsourced payroll services, and will take care of taxes, immigration and compliance on your behalf.
Most contracts will require that you operate via a proper business, entity such as an umbrella, composite, single person company or similar type of scheme. Depending on the location, it may be required to operate through a payroll scheme. This can involve issues such as global mobility, employment law, expense claims, relocation and other compliance issues.
Often when consultants switch countries regularly, this can pose additional complex international or local tax laws to navigate. As a leading international business services firm to contract professionals, we know how to manage the processes to allow you to concentrate on delivering your services. Allow us to handle the business of handling the administrative burden while you focus on the areas that matter.
Many people do not like the intricate and meticulous processes involved in negotiating contracts, and many freelance contractors are no different. Whether you like it or not, the first task is always the details of your contract, as this often dictates your compliance obligations and costs.
At Chesterfield, we offer solutions to fit your every need and requirement. From setting you up with your own Limited Company to providing international banking and payroll solutions, we offer everything you need to work as a contractor or freelancer with ease.
We work worldwide but chiefly in the EMEA (European Middle east and Africa) from a European base. We are fully focused on delivering business services to meet the demands of you and your agency or client.
Listed below are some of our most popular contracting services. Kindly contact us for information on any of the services on the list, or to discuss your individual requirements.