Freelancer is a typical word that’s most heard in the creative field, especially in digital technology. Thinking of a career as a freelancer is bit complicated initially, but most people come back with a positive note working as freelancers. But how does the shift in way of thinking happen?
Take a look at how Freelancing is defined before we get in to the topic in detail.
What is Freelancing?
A freelancer is a person who can set himself self-employed without any commitment to particular time frame for an employer, whilst working for different companies at a time. The nature of work might vary when working for various organizations or clients. Freelancing hence can be defined as the person who’s serving one or more companies on mutual understanding on individual pay scales respectively.
Benefits of Freelance work
Let’s now discuss how beneficial freelancing is to employers and freelancers. Before taking a look at the advantages for freelancers, glimpse through the employers benefits. We seriously note occasions when the boss says Hire Freelancers, this comes out when the company’s permanent employees are not handy and less trust-worthy.
However Freelance Jobs make it much easy for that particular organization or group to handle as many people are showing interest in working as a Freelancer.
Freelancers as temporary employees play a vital role in critical operations when the organizations face shortage in hiring permanent employees. Freelancers have a chance of negotiation in pay scale, which they actually mean to accomplish their financial assistance. Although the expected higher pay scales are not offered, yet many freelancers during most of the times have a job satisfaction with less pressure under way.
Other added advantages with Freelancing are lower taxes in developed countries, and work-life balance. Talking about work-life balance, in other terms, schedules between personal and professional life turns to be easily accomplished.So the shift happens in the way of thinking as Freelance work to be flexible and better, as we discussed about it at the start of this article.
Disadvantages of Freelance work
Job security is one of the major areas that take you a step backward when there are some serious financial requirements in your life. The scenario of Freelancer is quite different when compared to a full-time permanent employee. Although few people tend to be Professional Freelancers, yet hard times occur when the client’s business is not blossoming. You may need to explore other options that might be seasonally good to conquer.
Work varies, which means it’s not the same all the time. You have loads of tasks to do at once; you may not have any work for many days, the pays vary and adjustments are to be planned accordingly.
A permanent employee can avail seasonal benefits in pay, bonus when organizations draw profits, paid vacations, insurance benefits and many more. This is all not possible as a Freelancer. Yet times, you might be asked to hold an accountability for redundant errors caused at the work place by clients employees and the work association with them might indirectly impact you to be blamed with very minimal chances to happen.
Risk of getting delayed payments is another dis-advantage. However this has a less probability, you are not covered as an asset to the organization.