There are benefits to being a full-time worker versus being a freelancer, just like there are benefits to being a freelancer that you may never receive as a full-time worker. Which choice is the right career path for you? Here are a few of the benefits you can expect for each type of work along with the drawbacks you may face.
Full-Time Work: The 40-Hour Week
Full-time work is time consuming. Here are a few of the drawbacks:
- You need to spend at least 40 hours on the job each week, and you will need to add additional time to get ready and commute. Sometimes, a 34-to-36-hour week is considered full-time work, but that’s not often the case.
- You likely need to dress appropriately for the job. For a business, that may mean a suit and a tie, and for other kinds of work, it could mean a uniform. These outfits can be pricey and sometimes difficult to maintain.
- Your hours are defined. You may work from 9 to 5 Monday through Friday, but you know this is when you have to work every week, regardless of whether you feel well or have other things you want to do.
Some benefits of full-time work include:
- Paid vacation days (in some industries).
- Retirement funds.
- A secure paycheck.
Freelancing: Working From Home At Your Own Speed
There are many benefits to freelancing or accepting freelance work that can be exciting for new freelancers.
- You can get up and work at any time of the day.
- You don’t have to answer to a boss.
- You are free to take a day off whenever you feel like it.
- You may not need 40 hours in your week to complete your workload.
- You can travel anywhere with an Internet connection and still do your work.
Some drawbacks of being a freelancer include:
- Not being sure of your income. Freelancing income streams change frequently, so it can be hard to be sure of where your next check is coming from.
- Needing to work to pay your health insurance, taxes, and other bills. Your taxes don’t automatically get taken out by your employer, and you will need to buy separate health care insurance.
- You can take time off, but when you do, you aren’t earning. There are no paid days off.
Freelance Work vs. Fulltime – Which will you choose?
These are some benefits and drawbacks to both full-time work and freelancing. Depending on how you want to live your life, one may better suit you than the other. Not sure which choice is right for you? We can help you decide. To find a job that fits you, contact us today: Artisan Talent.