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 ?

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We live in an age, where many of us are busy struggling in
their
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our
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nine-to-five jobs to earn every possible cent. There is no denying the fact that being self-employed has its own
benefits
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which may outweigh working in a company or organisation.
This
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essay will examine both sides before reaching a concrete decision.
To begin
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with, being employed by a company provides numerous
benefits
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,including employment and sickness
benefits
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.
In addition
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, there is always job security. Employing human resources aids in work-life balance especially, in huge organisations like Samsung or Apple.
On the contrary
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, there are a few drawbacks
such
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as promotion. Big organisations have a fixed income over a period of time which might take years to rise up and the process is quite slow in nature.
For instance
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, in the sales department, it is crucial for a manager or the chief officer to achieve target-related sales annually to have a consistent income.
However
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,
this
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case is not similar when it comes to self-employment. It is worth considering that being self-employed can lead to an increase in financial rewards in terms of
benefits
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such
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as high paying increments and incentives.
Furthermore
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, the name and fame of the business owner surge up/ escalate. Delegation of responsibilities increases and in turn leads to career progression and promotes being a higher authority. Some people claim that there are a few disadvantages
such
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as
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a lack
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of motivation and initiative at times. One of the most important factors contributing to the disagreement
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on
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self-employment is the disturbance of valuable time caused on account of overtime and unsociable working hours.
For example
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, working on weekends when everyone is usually enjoying or partying around.
Consequently
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, many people turn into workaholics.
Moreover
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, it might affect health and well-being. To conclude, working in a company or being self-employed has its own effects and side-effects, despite the essential factor behind every work is the passion for work. As long as one is motivated and influenced, the outcome will always be positive.
Submitted by zankrut on

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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