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Pro - You’re not always working
Con- You’re not always working
Full time is the illusion of security. Freelance is the illusion of freedom.
There's no such thing as job security in this industry.
If the contract pays more, is a better opportunity, you'll be happier, insert any good reason over what you're currently doing, etc ..I'd consider it.
The downsides would be no health coverage, and no paid vacation time, or sick days.
Right not the industry is flooded. Gigs are harder and harder to find. If you have the security of fulltime I would keep it.
Extremely true. If you got laid off, sure, try it. If you have FTE, do not quit.
Con - you need to handle getting your own health insurance (maybe pro though - on the exchange or through a broker, might be better than what Omnicom offers). Another Pro is the FL rates are higher, quote what you are worth.
This. My freelance rate is high enough to offset the lack of benefits, and then some. And while you don't have "job security," neither do most full time roles right now either.
There is no job security, if you think there is you’re in trouble. I’ve been both staff and freelance and I’ve always hustled for the next gig as both.
Also, health insurance is ducked either way staff or freelance. Sure as staff the agency subsidies it, but for how long?
You get none of the perks and benefits of FTE and have to handle A LOT on your own, but on the other hand, you get to charge out the *ass* because of it.
Take your ideal salary, divide it by 1000.
- 100,000 / 1000 = 100
That’s your hourly rate. You’d be surprised how much you’re willing to handle yourself for that much money.
The biggest con is that in times like these, it’s even harder for contracting. But apparently FTE doesn’t offer all that much more security either anymore.
Seems hard to get freelance gigs rn and the heath insurance costs are wild next year. If you have a lot of great contacts, maybe it would be ok. I’ve done mediocre trying to freelance, but I’m a newbie at it. I’d be cooked without the money I have from investments and my last ft job.
I think the easiest part of being freelance is charging enough for health insurance and your mortgage. Having enough work is the hardest. At this point this is no such thing as job security.
Self employment taxes are a pain.
There is no job security, we need to pivot to our own thing…or freelance