5 Reasons Why You Should Drop Freelancing Today.
The freelance industry is thriving since the onset of the pandemic. Research says 23% of freelancers make a 6 figure income.
As a result, youth is inclined towards choosing to freelance over full-time jobs to work at the comfort of their place and time.
But is freelancing fulfilling enough to sustain in the long run?
Let’s see how conventional jobs still stand out to be more beneficial than freelancing.
1) Income security:
– Full-time jobs come with a stable paycheck.
– Even if you are vacated, you’ll be given notice beforehand.
– Whereas it could be “Feast & Famine” for freelancers.
– Freelancers can lose a regular client suddenly, making financial planning difficult for them.
2) Additional Benefits:
– Full-time employees get access to benefits like health insurance, paid vacations, sick leaves, parental leave, PF, and a retirement scheme.
– Companies often train them for free to upskill them.
– Whereas freelancers need to arrange their insurance and retirement plans.
– They need to pay to upskill themselves.
3) Long-term commitment:
– Conventional jobs provide a long-term commitment to their employees.
– You need not worry about the workflow.
– While there’s no committed workflow in freelancing.
– Your client reach will suffer if you take a break-even for a few days.
4) Predictable Working Schedules:
– There’s a time phase allotted for your work.
– Time management is easier.
– But personal and professional space gets overlapped due to unpredictable working hours for freelancers.
– No office environment often brings in distractions in their work.
5) A Community To Network In-Person:
– When you work at an office, you have colleagues to work with and share emotional imbalance.
– There’s a community that keeps you motivated to work and learn more.
– Whereas freelancers get socially cut off.
– With time, you get demotivated to work alone.
What do you choose, Freelancing or a Full-time job?