Picture this – you’re officially an adult, ready to take on the world, and excited about entering the workforce! And all of the sudden, there’s a TON of decisions you have to make, and fast – what industry to work in, how long of a commute to manage, what type of office environment will yield the most happiness, and countless more. One of the biggest of these decisions you must make is whether to take a full-time position with a company, or pursue a freelance opportunity. Below, we’ve mapped out the key differences between the two most common types of employment to keep in mind for your next career move!
Freelance: Working freelance jobs gives professionals the chance to set their own hourly rate depending on their experience level, the type of work they’re doing, and the deadline for the work. This gives freelancers the opportunity to have more control over their income, ultimately making more in the process – according to Money.com, freelance workers average around 17% more than their full-time counterparts.
Full-Time: While full-time workers statistically make less money than freelance workers, there is something to be said about the steady income received from a full-time salary. Taking a full-time position ensures that a professional will be able to plan things like vacations, save money for retirement and other investments, and generally worry less about unstable income levels.
Freelance: The flexibility available to freelance workers is much larger than full-time. As long as you have the tools necessary to work, you can theoretically work from anywhere. This isn’t always the case, though – many companies require their freelancers to come onsite regularly for team meetings or progress reports. This depends on the company.
Full-Time: No surprises here – working full-time can mean less flexibility in some circumstances. But what you may lack in flexibility, you make up for in stability. Most full-time workers know when they are coming in and leaving the office each day. Further, more and more companies in 2019 are offering things like unlimited vacation, work from home options, and better family leave policies, because they are proven to increase performance and motivation.
Freelance: Most companies do not cover any paid time off or benefits for freelance professionals, placing the onus completely on the freelancer themselves. Of course, most freelance workers can find benefits through their partner’s plan, COBRA, or a freelancer’s union. Also, freelance workers that work through recruiting agencies are often eligible for a plan through that recruiting firm. There are options, but they are definitely less readily available than the benefits offered through full-time positions.
Full-Time: In 2019, it’s standard for companies to offer a wide range of benefits to their full-time employees. Conventional options like medical insurance and retirement assistance are covered, but employers are also increasingly offering things like mental healthcare, wellness stipends, and other nontraditional benefits to keep up with the competitive landscape of employment.
When it comes to making the decision between freelance and full-time, there are a number of factors to consider, and no perfect answer for anyone – it all comes down to your specific needs, workstyle, and future plans. Armed with the right information and insight from all sources, you can be sure to find the right fit for you. You can check out our openings – both freelance and full-time – on our Job Seekers page.