The cherries in the neighbor’s garden always taste sweeter. Job employees envy the freedom and flexibility of freelancers, while freelancers have the desire to get a stability and security of a full time employee.
I never actually been a full time employee but I do collect insights from other people on how exactly employees world is. Each of them have there own advantages and disadvantages. Let’s go through them one by one.
Bounded vs Freedom
Freedom is one of the best advantage of being a freelancer. Typically, job employees are bounded by their Bosses and Seniors, employees have to follow organisation pattern including rules, regulations, etc. They need to follow the instructions carefully and have very little space to explore.
Freelancers is by name are free from any bond. They do have their multiple Bosses (a.k.a Clients) who provide them instructions to follow, but they do have option to opt-out if they want to.
Security vs Instability
Freelancers don’t have a exact idea of what will be their cash flow. Some time, they have plenty of work to do, but sometimes, they even don’t have a single project. So, basically its very unstable.
Job employees have complete idea of what will be their income, they can also plan their life choices accordingly. They are more secure than freelancers as they have regular income source which they can rely on for their expenses.
Employees can enjoy benefits provided by the company like various types of insurance, paid vacations, paid sick leaves, provident fund, a retirement scheme and funds for personal growth as well. Some companies also provides houses to employees and their family and travel vehicles as well. Comparatively, job employees don’t have to invest much time and energy into future planning, as most of the things are already planned by the company for them.
Freelancers are on their own, they have to take care of the insurances, they don’t get any paid vacations or leaves nor any retirement planning. They need to manage everything on their own.
Employees get a ready made network of people as most of the co-workers are likely to become friends at a later stage. Companies also conduct parties, outdoor events, etc which boost likelihood of turning co-workers into friends.
Freelancers are usually working alone, however that doesn’t mean they don’t have a active social life. It usually depends upon the person quality. Freelancers also sometime works in group with other freelancers which also increases the chances of they becoming friends. Some freelancers also work in co-working spaces, coffee shops where they also meet peoples.
Office politics may not be problem in every companies but power and personality clashes is very likely in companies with tons of different minded peoples.
Luckily, freelancers are not directly connected with any other people so chances they face such politics is very minimal. At most, they can only face loss of a contract incase of any clashes.
So, what is the best?
Well, it all depends upon YOU! What is your personality?
Is it easy for you to follow guided steps? OR you like to work on your own?
Do you prefer freedom over security?
As we know, each coin have two sides, so both freelance and job have their own advantages and disadvantages. You just need to figure out which one suits you. I would personally suggest you try both, maybe try doing full time job first and then try full time freelancing as well.
And it’s not like you cannot change your decision, you can always switch back and forth on this.