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Self Employed VS. Employee

There are two main types of employment – Self employed and being an Employee. For each of these employment types there are pros and cons that may influence which pathway you chose to go down. Below I have discussed some of the pros of both self employment and employee.

Self employment pros:

1)      Can set you own working hours

2)      Can often work from home

3)      Can set your own rules and pricing structure

4)      Being able to take time off when required without having to ask for prior approval

5)      Be your own boss

6)      Less travel expenses / overheads

Employee pros:

1)      Have the security of a job – often can have a guaranteed income every week / month

2)      Have the opportunity to socialise with like minded people

3)      Structured working hours

4)      Sick pay / holiday pay and maternity / paternity pay

5)      Do not have to worry about tax returns etc.