This study focuses upon the heterogeneity in the contemporary workforce in relation to well-being and organizational attitudes. This heterogeneity may concern (a) the specific type of contract (permanent full-time vs. alternative arrangements; e.g., permanent part-time, fixed-term, and on-call work), (b) job and contract preferences, or (c) specific combinations of contract type and preferences. The authors argue that working in alternative employment, but also being in a nonpreferred contract or job may imply stress and, hence, strain (i.e., poor well-being). This may lead to withdrawal from the organization (i.e., poor organizational attitudes). A combination of the stressors may strengthen these effects. Analyses of questionnaire data from Sweden collected in 2004 (N = 716) reveal that preferences, particularly preferences for the job and partly also for the contract, were associated with the outcomes. Contract heterogeneity was not informative for well-being, while it was for differences in reported organizational attitudes. Type of employment contract interacted with job and contract preferences: for permanent full-time workers, job preferences displayed stronger associations with well-being and attitudes than for workers in alternative employment.