Moving from Permanent to Contract Roles in Life Sciences

A growing number of life sciences professionals are leaving their permanent positions to embrace the world of contract roles. Reasons like better earning potential, the chance to be their own boss, and increased flexibility are driving this shift. While the advantages are undeniable, making the transition from a permanent to a contract role isn’t something to rush. Thoughtful preparation and a clear plan will help ensure your success as you make the change.

In this article, EPM Scientific explores why professionals in life sciences are increasingly moving toward contract roles and offers essential tips to guide you through the transition.

Why do people choose to transition to a contract role?

While permanent roles come with their own set of advantages—such as job security, benefits, paid time off, and a sense of belonging—there are several reasons life sciences professionals are opting for contract work. Here are some of the main motivations:

1. Accelerated skill acquisition

Contract roles provide the opportunity to work on diverse projects within shorter timeframes, helping professionals acquire new skills and experience more quickly than they might in a permanent role. This is especially valuable for those who want to broaden their expertise or work in different areas of life sciences without committing to long-term positions.

2. Flexibility and work-life balance

Contract roles offer significant flexibility, allowing professionals to tailor their schedules, take breaks between contracts, or even work remotely in many cases. This flexibility can be especially appealing for those seeking a better work-life balance, whether for personal reasons or to pursue other interests alongside their career.

3. Exposure to different industries and work environments

One of the key attractions of contract roles is the chance to work in various areas of life sciences or even in different industries altogether. This diversity of experience can broaden your professional horisons, enhance your resume, and provide unique insights into different working environments and organisational cultures.

4. Higher earning potential

Contract roles generally offer a higher hourly or daily rate than permanent positions, compensating for the lack of benefits such as health insurance, paid time off, and retirement contributions. For many professionals, the increased pay is worth the trade-off of not having these benefits, especially if they have other means of covering those needs.

5. Opportunity to test company culture

Contract positions allow you to experience a company’s culture before making a long-term commitment. This can be valuable if you are exploring different employers and want to ensure their values align with yours. It also gives you a chance to evaluate how well you fit into the team and whether the company is a place where you’d like to build a future.

6. Faster hiring process

Contract roles often have a faster and more streamlined hiring process compared to permanent positions, making it easier for professionals to secure a new job and start working quickly. This speed can be particularly beneficial for those who are looking to fill gaps in employment or transition quickly into new opportunities.

7. Networking opportunities

Contract roles provide ample opportunities to meet new people and expand your professional network. Building connections with different teams, companies, and industries can help you build valuable relationships that may lead to future career opportunities.

Guidance for successfully transitioning from permanent to contract roles

Making the move from a permanent to a contract role is a significant career change. However, with the right approach, you can ensure a successful transition. Below are key steps to help you navigate this shift:

1. Plan your next move and finances

The contract job market in life sciences is booming, offering a wide range of opportunities. However, before making the leap, take time to evaluate your strengths, experience, and career goals. Understand how you can add value to potential employers, and ensure that your financial situation is in good order. As a contractor, you’ll need to manage your own finances, including taxes, insurance, and savings. Make sure you have a clear plan in place to handle this new responsibility.

2. Stay updated and upskill

The life sciences industry is constantly evolving, and it’s important to stay ahead of the curve. Dedicate time to continue learning and developing new skills relevant to the industry. Follow trends, read industry news, attend webinars, and participate in networking events. Focus on building in-demand skills that will position you as a competitive candidate in the contract market, whether you’re moving into a specialised role or looking to expand your expertise.

3. Build your personal brand

As a contract worker, your reputation and personal brand will be crucial to your success. Consider how you want to present yourself to potential clients and employers. What sets you apart from others in the life sciences field? How do you want people to perceive your work ethic, skills, and value? Actively work on building a positive, professional online presence through platforms like LinkedIn, and ensure that your CV and portfolio reflect your strengths and accomplishments.

4. Leverage the power of networking

Networking is one of the most valuable tools in transitioning to contract work. Your professional network can help you find job opportunities, offer advice, and introduce you to key industry players. Attend industry events, expos, and conferences, both in person and virtually, to expand your connections. Utilise LinkedIn and other online platforms to stay engaged with your network and to promote your availability for contract work.

5. Seek support from a specialist talent partner

The transition from permanent to contract work can be challenging, especially when you are navigating new roles and industries. Partnering with a specialist recruitment agency like EPM Scientific can provide valuable support. They can help you identify suitable contract opportunities, negotiate terms, and ensure that you’re getting the best possible deal. They can also offer insights into industry trends, salary expectations, and the types of contracts that best suit your skills and career goals.

Final thoughts: Is contract work right for you?

While the move from a permanent to a contract role in life sciences offers flexibility, financial rewards, and exciting opportunities for growth, it’s not without challenges. Contract work requires a proactive approach to career management, financial planning, and professional development.

By carefully considering your goals, continuously upgrading your skills, and building a strong network, you can make a successful transition to contract roles in life sciences. Partner with recruitment experts like EPM Scientific to discover top contract opportunities that align with your skills and career aspirations.