A great advantage of embarking on a freelancing career is enjoying more freedom compared to a traditional job. You choose the clients you want to work with, unlike in a traditional job where you don’t have control over who you’ll work with.
Adjustable time is another perk of freelancing. While others thrive in a 9 to 5 office environment, as a freelancer, you have the privilege of choosing the work hours that are most productive for you.
In terms of earnings, a freelancer has a more flexible income compared to a traditional employee with a fixed salary. You set the rates according to the value that you offer and leverage your skills to negotiate higher rates. It’s up to you whether to charge an hourly rate, per project basis or set a retainer fee for long-term projects. Part of the job autonomy is screening prospective projects. If one doesn’t align with your expertise or fit the appropriate compensation, you can choose to decline it.
Nothing beats being your own boss because you decide how to run things. You’re in control of your salary rates, work hours, workplace, and the number of projects that you want to handle. You have autonomy in decision-making and more freedom to promote professional growth.
Working as a traditional employee often limits you to specific job roles and you don’t usually get a lot of opportunities to expand your skills. As a freelancer, you can try out new things and grow at your own pace.
Better work-life balance
Outside of work, it’s healthy to have time for family, friends, personal interests, and hobbies, but that’s not always the case. Let’s face it, with the long and exhausting hours at the office, plus travel time, it’s no wonder many office workers feel that their work-life balance is out of whack.
According to a study conducted by JobStreet titled “What Job Seekers Wish Employers Knew: Unlocking the Future of Recruitment”, 73% of Filipino jobseekers prioritize finding a stable job that allows work-life balance.
Freelancing can help you lead a better work-life balance because you dictate your work hours. This enables you to smoothly transition between work and personal time.
Most employees receive benefits and perks as part of their contracts which may include health benefits, leave credits, retirement benefits, bonuses like 13th month pay, sometimes even 14 month pay, and more.
In contrast, if you’re a freelancer, you’ll be paying your government contributions yourself because these won’t be automatically deducted to your salary. You’ll also be the one paying for health insurance because there’s no company that will cover the expenses for you. No paid time offs too.