Want to give freelancing a try? Unsure if salaried (full-time employment) is for you? Well, it is a critical decision to be made at some point. Each professional journey comes with its own set of pros and cons. And you need to consider them all. There is no single option that works for everyone. It all depends on your priorities, lifestyle, financial requirements, and aspirations. If you want to find data entry no experience jobs and have no idea what to opt for, then this post is for you. Here, we will shed some light on the key benefits and limitations. So, keep reading to settle on the best option.
Freelancing
Working as a freelancer has two sides to the medal; what is an issue for one person may be a great thing for another. Your job objectives and personality will determine whether you are suited to a freelancing career or if it is not an option for you at all. Freelancers own their companies and have a lot of control over them — from establishing their own pricing to selecting which firms and customers to collaborate with. However, the freelance lifestyle may be unpredictable (particularly in the beginning), and your income might change weekly based on the assignments you list. Ready to cope with that? Let’s take a look at the most prominent pros and cons.
What’s good?
- Flexibility — Those who freelance have more control over their timetables and can often work from any spot on the globe with internet connectivity. It is up to you when to start your work and when to close your laptop.
- Flexible projects — You can work with different customers on various projects. There is an opportunity to pick projects that meet your interests or passions and thus build a diverse portfolio.
- Income potential — There is a great potential for unlimited income growth as you can take on additional clients and adjust rates. It is absolutely up to how much to earn and charge your customers.
- Independence — You have more autonomy in choosing projects, work, and customers. When freelancing, you do not have a fixed list of projects that you are to complete.
What’s bad?
- Job security — Work can be inconsistent and unstable. Freelancers often have to haggle with unstable revenue sources. You may work in waves, with some times being incredibly busy and others with zero projects at all.
- Self-management — Freelancers must be disciplined and manage all aspects of their business themselves. You will need some time to build up contacts and customers. Some effort and discipline will also be necessary to ensure your performance at work.
- Benefits — Freelancers do not qualify for benefits — be it paid time off, retirement planning, or sickness insurance alongside other employee benefits. The responsibility for handling these issues falls on freelancers because they receive no benefits or protections from the employer except for their freedom to choose clients. The same refers to taxes. All responsibility for taxes rests with freelance workers.
Salaried Employment
This comes with various perks. It is worth mentioning financial security, sickness insurance, and other corporate social package benefits, as well as the opportunity to be mentored. All these are highly beneficial for industry newcomers or grads. However, you are to adhere to a 9-to-6 work schedule, which may be taxing if you live a long distance away from work and must commute for hours. According to a recent study from the University of the West of England, every 20 more minutes spent on the road results in the same amount of discontent as a 19% wage decrease. Nevertheless, that’s fine for some people.
What’s good?
- Steady income — You can count on regular paychecks. These will provide financial stability and ease of budgeting.
- Benefits — Employment at full-time positions grants unique benefits to team members inside the company. Your local area might offer health insurance and retirement programs as well as paid vacation time, food and travel benefits, and more social benefits.
- Job security — Salaried employment is generally more stable. It offers consistent work and contractual agreements.
- Career boost — In-house employees often have more transparent paths for promotion.
What’s bad?
- Less flexibility — You should be ready to stick to set timetables and work locations. Similarly, the work atmosphere may not be to everyone's liking.
- Limited control — With this employment model, you have less autonomy in choosing projects or work approaches to follow.
Ultimately, the choice is up to you. It all is reliant on your individual circumstances, preferences, and career goals. Some professionals even combine both, maintaining a part-time job while freelancing on the side. Carefully weigh the good and bad things of each option to nail which path aligns best with your personal and professional objectives.
Final Say!
There are so many employment opportunities. You can pick a career path that is best for you. It is even possible to WFH and choose the projects yourself. Going to the office can be an option for those who value face-to-face communication and stability in life. Make your own decision.
