Contracting

Contracting, consulting, freelancing: - providing professional service or knowledge to an entity.

There are reasons why contracting activity increases during a recession:

• Cutbacks, layoffs are forced on managers from above only to discover later on they are missing someone with specific skills

• Specialization skills increase in demand

For the employer finding the right consultant takes time and ability to manage risks.

For the consultant finding the right contract requires skills that are in demand, and knowledge about the industry and where to look. It requires you to understand what you can provide. The lucky ones get to choose what they will work on.

Next Topic: Contract Partnering

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