Welcome to Youremployment.com

Welcome to Youremployment.com


About Independent Contractors

With the current state of the economy and lack of jobs, more people are beginning to freelance and work for themselves. Independent contractors, also known as freelancers, work for companies or individuals on a per-contract basis rather than being a full time, permanent employee. There are advantages and disadvantages to choosing independent contracting as a career. However, with some patience and determination, you make a lifelong and lucrative career out of being an independent contractor. Your required education and training, and expected salary depends on the type of job you do as there are dozens of types of independent contractors.

Types of Independent Contractor

There are dozens of independent contractors working for nearly every type of organization and industry out there. As an independent contractor, you might be a graphic designer, writer, general laborer, administrative professional, sales representative, financial consultant, or any number of things.

Difference between Independent Contractor and Employee

As an independent contractor, you have many qualities that differ from being a regular employee. You will operate under your own name, whether it is an individual or business name, and you may even have your own employees. You are also responsible for your own marketing and advertising, having your own business account, and can work for more than one client at a time. All tools, materials and supplies used must be provided by you when you arrive at a job site, and you keep your own records, financial statements, and invoices. Since you’re not an employee of a company, you also don’t receive any type of benefits.

Advantages of being an Independent Contractor

There are many advantages to being an independent contractor and reasons companies like to hire independent contractor. First of all, you have more flexibility as you are your own boss. If you’re someone that doesn’t like to take orders and prefers working alone, freelancing is a good choice for you. Many times, your job entails working completely alone from the beginning of the project to the end. Independent contractors also work at their own pace, with some restrictions such as meeting deadlines. You also have the benefit of working for different types of people and companies, which can take a lot of the boredom and monotony out of your job.

Since you’re on a per-project basis rather than an hourly employee, you may also find that you’re earning higher wages than if you were simply paid for your time. Clients are often willing to pay more for independent contractors because they save money on the expenses of having employees such as worker’s compensation and other benefits. Independent contractors also tend to have more traveling possibilities which can be seen as an advantage for many people.

Disadvantages of being an Independent Contractor

Being an independent contractor also has its disadvantages. While you have flexibility and a wide range of career options, you also don’t have any job security. There is no guaranteed paycheck at the end of the month and you’re responsible for finding jobs on a regular basis, not to mention your regular job duties. You are also responsible for paying your own taxes, paying for your own health insurance and other benefits, and may not feel like you have a vacation because you don’t get paid days off. Other responsibilities include any materials or tools you need for the type of work you do.


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