Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantage of being self-employed?

These days, there is an increasing number of workers deciding to be self-employed over securing employment in the industry. Lots of technological advancements and the popularity of the idea of flexible working are the reasons.

However

,

one

possible drawback of being self-employed is the lack of social

security

.

First

, new technologies, along with the introduction of balancing work and personal life, have inspired a great amount of people, especially, the younger people.

For example

,

one

survey showed that many young Indians would drop out

from

Suggestion

of

school or quit a job if they had a chance to open their own business. The study

also

showed that if Indian workers had higher skills in technology, the higher chance of the number of turnovers would happen. So, it is clear that people nowadays have been exploiting their technological skills and their dreams of becoming independent from companies.

However

,

one

main disadvantage which keeps people away from employing themselves is they will not be covered by social

security

. Most countries still require employment information from companies in order to be covered

in

Suggestion

by

social

security

.

For instance

, nearly all of the Japanese office workers have their own retirement plans offered by their social

security

programme. No

one

would take the risk of losing benefits and pursue his or her dreams.

Lastly

, despite the growing popularity of self employing practices, there is the risk of losing benefits from programmes which guarantee a good retirement.

Hence

, it is important that people in the workforce should consider their employment options carefully.