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For many companies, hiring a short term contractor to fulfil a role is preferable to a permanent employee. Depending on your level of experience, on where you are based and on the state of the economy at the time you start contracting, you could expect to earn twice as much, or even more, than a permanent Project Manager would.
Those with project management experience could find that contracting is the solution to take home more money and enjoy a greater work-life balance.
According to APM, in 2018, the rates of pay for Project Management contractors were as follows:
Use our take home pay calculator for a more accurate estimation of how much you could take home based on a number of factors.
If you’re just getting started as a Project Management contractor, there are a few methods you can use:
Using specialist job boards can increase your chances of finding a relevant contract. Specialist contractor websites like Easy Accountancy are also good to check if you’re looking for roles.
Many contractors find LinkedIn a good resource for finding work and connecting with others. This is a quick and easy way to find new opportunities through networking and to keep in touch with your connections. You can find more about using LinkedIn in our guide.
If you’re new to contracting, don’t underestimate the power of networking. Making connections with others in your position and finding potential clients can open the door to opportunities which may not otherwise be available.
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Appointing an accountant can save you time and stress when starting up on your own. If you would like to speak to someone about any of the above information or any other queries you may have, arrange a callback and a member of the team will be in touch.