Movement
in the ecosystem
Motivations for changing employment contracts
Movement
in the ecosystem
Motivations for changing employment contracts
Movement
in the ecosystem
Motivations for changing employment contracts
As working life has been tipped on its head in so many ways since 2020, so have peoples’ attitudes about the way they work.
Many professionals who previously spent five days a week in office-based roles now expect to be fully remote in order to accommodate other responsibilities away from their desks. Similarly, the outlook on freelance and full-time work has also shifted.
It’s useful for employers of all types to know the motivating factors behind why people move, as well as for NetSuite professionals who may also be considering a similar shift. If you’re someone looking to attract contractor talent, then knowing what appeals to contractors will help you stand out.
By the same token, knowing why people leave full-time roles in order to freelance can be useful—not just in terms of reducing attrition, but also knowing whether a person’s reason fits in with the wider picture or is a problem specific to your individual company.
Motivation to move from a permanent role to freelancing
Almost two-fifths (39%) of permanent professionals tell us that they would consider switching to freelance/contract work in the coming year. Reasons for this include:
| Exposure to latest technology | 44% |
| Being your own boss | 24% |
| Ability to claim expenses against tax | 16% |
| Not sure | 5% |
| Other | 2% |
Why aren't professionals considering contract working?
The 35% of NetSuite professionals who would not consider working as a freelancer cited reasons including:
Motivation to move from freelancing to a permanent role
Half (50%) of freelancers that responded to the survey would consider switching to a permanent role in the coming year.
The top 10 factors most likely to attract a contractor to a permanent role include:
| 1 | A competitive salary | 71% |
| 2 | Job stability and security | 57% |
| 3 | A stable income | 57% |
| 4 | Remote working options | 57% |
| 5 | Valuable work/feeling like your work will make a positive impact | 50% |
| 6 | A generous benefits package | 43% |
| 7 | Flexible/agile working | 43% |
| 8 | The new company's values and culture align with my own | 36% |
| 9 | Career progression opportunities | 36% |
| 10 | To avoid the breaks between contracts | 29% |
Why wouldn't freelancers consider a permanent role?
Of the 14% of contractors who would not consider a permanent role in the coming year, their reasons include:
Conclusion
It’s unlikely to be a massive shock that the higher earning potential available to contractors is the reason that 39% of professionals would consider making the move as early as this year. A cost of living situation that has people paying far more attention to their outgoings than before means that all options are on the table now.
Perhaps more surprising is the fact that a much higher percentage (50%) of contractors would consider switching to a full-time role this year, with the main reason being a competitive salary, followed by job security—two reasons again reflective of the current economic climate. For end users struggling to attract talent, the freelance pool may have previously been thought of as being unattainable. However, the data clearly shows that a solid package will be enough to tempt those professionals into making the leap.
Our key findings report contains highlights from this year’s Careers and Hiring Guide, plus our salary tables allow you to compare your salary or benchmark your teams’ salaries no matter their role in the NetSuite ecosystem.
