Friday, March 20, 2009

Employee vs Independent Contractors; Lesson 5:

It can be scary going into business on your own and losing the security of a weekly paycheck. In addition, the self-employed no longer receive a host of benefits such as health insurance and vacation pay.

Nevertheless, according to the Bureau of Labor Statistics, an ever-increasing number of workers choose to leave the tyranny of the 9-5 working world, opting instead to become independent contractors. These individuals act as their own bosses, setting their own hours and determining for themselves what work they want to accept and on what terms.

Which working choices have you made? Do the benefits of working for yourself outweigh the shortcomings? And is it always so easy to figure out just who is an employee and who is an independent contractor? We’ll discuss this in Lesson Five.

No comments:

Post a Comment