Freelancing, Part-time Or Working Full Time – What’s Your Best Option?

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Digital advancements and technology have broadened the boundaries of employment as we know it. Whether you intend to build a long illustrious career or you’d very much prefer to throw an early retirement party, figuring out what work option suits your skills is the first step in the right direction.

As the global pandemic necessitates a series of digital upgrades across various industries worldwide, many employees are discovering opportunities to easily upgrade their existing skill sets.

However, a dilemma has gradually emerged; many people are unsure whether freelancing, part-time gigs, or full-time employment is the best option. 

With remote work policies being implemented in every sector of the corporate world, many employees are reaping the benefits in terms of time and a better work-life balance.

But with so many digital platforms making it easier to earn money from the comfort of your bedroom, many folks have begun to wonder; “Why work full time when you can freelance?”

In this article, we’ll list the pros and cons of each work option to help you choose what work option suits your skills. Then, we’ll look at the most important factors you should consider before deciding between freelancing, part-time or working full time. 

Analyzing The Work Options

work-option-skills-protenWorking Full time (Analysis)

Although full-time work has many advantages and occasional incentives, it also takes up a large portion of your time. Working a full-time job, on the other hand, is a very effective way to develop a consistent career path because it comes with so many perks such as regular pay and insurance coverage.

Here are a few key benefits and drawbacks to consider:

Pros

  • Consistent monthly income and financial security
  • Paychecks are issued on a monthly basis.
  • Benefits from insurance
  • Simple networking opportunities
  • Mentoring and professional advice
  • Professional advancement at a faster pace
  • Better work-life balance

Cons

  • There is little to no personal time available.
  • Stress levels are higher.
  • Creativity is restricted.
  • Stifled social growth.
  • Routine boredom

Part Time Jobs

While part-time jobs and freelancing are sometimes mistaken, they are not the same thing. Part-time employees work fewer hours than full-time employees, but they are nonetheless recognized as employees of the firm or organization for which they work and are entitled to all of the company’s benefits.

Unlike freelancers who work on their own time, part-time employees actively carry out their activities according to their employer’s schedule.

Students and young parents who require a large amount of time to focus on other responsibilities usually choose part-time jobs. Here are some essential benefits and drawbacks to think about if you’re thinking of working part-time.

Pros

  • Work schedule flexibility or negotiability
  • Financial stability
  • Opportunities for Networking
  • Different working environments
  • Access to corporate benefits

Cons

  • Uncertain career path
  • Excessive multitasking and high levels of stress

work-option-skills-protenFreelancing

Being a freelancer is the best approach to take control of your career. However, while working for oneself, freelancers face a variety of issues on a regular basis. Furthermore, not everyone has self-control and willpower without being pushed by demanding bosses or pressured coworkers.

These pros and cons will assist you in navigating the freelance landscape if you love working alone and believe you are capable of obtaining new clients, or if you have already established your own professional network.

Pros

  • Work schedule flexibility
  • Stress levels are low.
  • Various project choices
  • Complete creative liberty
  • Direct exposure to technological breakthroughs in a variety of industries
  • Opportunities for networking are mixed.

Cons

  • High levels of burnout as a result of several gigs
  • Uncertainty about finances
  • Income fluctuation

Choosing Your Career Path

Remote work has become the new norm, but while many people have immediately embraced it, many more are still figuring out what works best for them. Should you sacrifice a high-paying job for the uncertainty of freelance employment, even if you gain a lot of personal time?

Is it possible to progress professionally in your chosen industry by doing freelance work?

If you want to make an informed choice about which work option suits your skills, there are three important factors to consider.:

1. Skill Set

When deciding whether or not to freelance, your current skill set is an excellent starting point. If your profession’s clientele prefer to do business with groups or organized firms, a full-time job may be preferable. Seek counsel from pros in your field to gain a better understanding of what you’ll need to be successful.

2. Income Stability

While the digital economy has made it easier for people to make a living through freelance work, revenue fluctuations can be unpleasant if you don’t have the mental strength to deal with them. Working full-time, on the other hand, provides financial security but deprives you of a significant amount of personal time.  As a result, you must select the option that will allow you to  secure the bag easily.

3. Career Path

Like we stated earlier, analyzing the path you want your career to go is usually the first step to take when evaluating what work option suits your skills. While freelancing allows you to work on your own schedule, it does not provide the same level of professional training and supervision as part-time and full-time jobs.

Working a full-time job, on the other hand, may not give you the freedom you need to flourish if your career route is more artistic in nature.

4. Obligations

Part-time work is often appropriate for students and those with other responsibilities. It is a good idea to precisely define your goals and objectives. After you’ve finished this, you’ll be able to decide which employment is best for you.

Last Notes.. 

Job advertising will draw far more applications than recruitment teams can possibly examine as more internet platforms continue to optimize and make it easy to apply for jobs. 

While applicant tracking systems are not without limitations, they do provide a handy tool for recruiters to swiftly home in on top candidates. An ATS-optimized resume is the first step toward defeating the bots and meeting with a real person.


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