Permanent job vs Contract job - Differences, Pros and Cons of Contract Jobs in Australia

Here are the major drawbacks of contract jobs

1. No sick (Personal) leaves or annual leaves - In permanent jobs, you are entitled to certain number of personal and annual leaves. 
2. Risk of losing job More. Risk of firing is very high in contract job and notice period is also very less. 
3. No Superannuation and PAYG - Super is not included in daily rate. You have to arrange superannuation payments on your own.
4. Getting loans is difficult e.g. home loan, car loan as Banks see contact job as a big risk with regards to loan repayments
5. Poor work life balance as there is a high work pressure and you are closely monitored 
6. Contracting can be done as PAYG managed by thirdy party or as a private ltd company or as a sole trader
7. Long service benefits not provided
8. Relocation benefits not provided
9. You are not eligible for annual awards/rewards/appraisals/bonus/pay rise etc

Main positive side of contract jobs is that you get more money as you are taking a job risk. Apart from money, there is not any other reason why you should look for a contract job.

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