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 disadvantages of being self-employed? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

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In recent times, many communities, across the globe, would like to be self-employed and
this
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is an ongoing global trend and is being popularized.
This
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essay will explain the disadvantages of being self-employed and what are the main reasons behind
this
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phenomenon and explain with relevant examples as well
at the end
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.
To begin
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with, Nowadays, we can see that most individuals across the globe, have not only adopted self-employed culture but
also
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would like to work with their own style rather than work with any organization indeed.
For example
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, The Times now published that 60 per cent of people around the globe, are working as a freelancer
due to
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various reasons and
this
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is significantly increasing day by day.
In addition
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,
this
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part-time activity trend will add an additional income source for the most number of folks.
Moreover
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,
while
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working as a part-timer, folks are not accountable for anyone.
On the other hand
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, there are
also
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many disadvantages that need to be considered to being self-employed.
Firstly
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, folks will not only get any assurance but
also
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will not get any benefits provided by an employer.
For instance
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, The Hindu newspaper published that 70 per cent of self-workers have lost their business
due to
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inadequate requirements in the post-market.
Secondly
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, there is no job security for freelancers.
Consequently
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, they may lose their place at any time, and most chances of getting fired at any time during the recession time. To summarize, after a thorough discussion of the above topic, it has been concluded that the population would like to effort on their own than work with any company is not a best practice for individuals. I hope
this
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tendency is conducive to bringing a lot of drawbacks for people.
Submitted by ravikrishna045 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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