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Is freelancing better than a full-time job, or vice versa? Find out what fits your lifestyle!
Whether you're a young working professional or a seasoned employee of a major company, finding the right balance between your work life and your personal life is a challenge for most.
If you're confused about what's best for you, freelancing or a full-time job, we can help you make the choice.
Freedom
Defining How You Want to Work : For those who want a life where they decide exactly what they do and how much time they want to spend doing it, freelancing is the way to go. A freelancer is a self-employed person who works on projects with various companies. If you choose to become a freelancer, you will no longer be tied to a specific location from 9 to 5 (or even longer) every day, making it possible for you to work from anywhere!
Being a freelancer gives you the flexibility to choose not only where you work but also when and for how long. You can work as much or as little as you want and choose meaningful projects. Full-time freelancers earn around US$22 per hour as of 2020 and are reportedly more satisfied with their work.
Some typical freelancing jobs include web design, computer programming, writing, videography, and copywriting.
Inconsistency and No Benefits
Not everything is fun and games in the world of freelancing. The cost of flexibility is an inconsistent income and the constant searching for new gigs. Another major concern faced by freelancers is the lack of benefits. Unlike full-time employees, freelancers don't have paid time off and must create backup plans for any time they need a day off or are unable to work.
Working Full Time
Social Security, Job Security, and a Sense of Community
Those who appreciate stability and a structured life may want to pursue full-time work. Full-time employment provides you with a fixed schedule with regular working hours so you can plan the rest of your day around them. A full-time job also means a fixed monthly income, meaning you don't need to actively seek clients to work. Furthermore, you also receive benefits like medical insurance and paid vacation.
A full-time job also comes with the advantage of working with a community and developing a sense of belonging. If you ever feel like you can't solve a problem alone, you can ask your coworkers for advice.
Some jobs that are typically full-time include financial analysis, administration, and human resources management.
Very little free time to socialize
The structured work routine and regular pay of a full-time job come at a price. If you have a full-time job, you can't always find time for a social life. As a full-time employee, most of your waking hours are occupied by work, meaning you only have weekends and after-work hours for your friends or family. This also means that each day is rarely different from the other, unlike being a freelancer, which allows you to decide what you do each day. This also means that you often find yourself embroiled in office politics.
So now that you know all this, which should you go for? The answer isn't as simple as choosing one or the other; it depends entirely on what you're looking for. If you're looking for more flexibility, freelancing is definitely the way to go. However, if you have a family to support, it may be very difficult to get an employer to offer benefits for a full-time job.
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