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

The rising tide of slashers is sweeping across the city. More and more

people

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decide to become self-employed

workers

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due to

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eagerness for a work-life balance of living style and the increase in self-employment-related work.

While

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there are many reasons that can be explained for

this

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phenomenon, never should we overlook the drawbacks of being self-employed. Of all the reasons why

people

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want to be self-employed, the foremost reason is that they are willing to have a work-life balanced living spirit. In a metropolitan city, like Hong Kong, long working hours are not an uncommon issue. As a full-time employee, you must follow the guidelines which set up by the company and

thus

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you don’t have any freedom. After being employed, you will become a boss of your own.

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, you can decide the task you want to do and organise your working plan

according to

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your own situation. Despite the flexible working plans, the increasing trend of self-employer

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is

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another reason for

this

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phenomenon. Over the past three years of the Covid-19 Pandemic, the city has shut down

due to

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the restricted policy. Many companies have adopted the work-from-home policy and even renew employee contracts as self-employed in order to cut costs.

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, the well-known technology company, Microsoft, found that they would amend the policy, which allows their employees to choose to work at home. It

also

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increases the employment of freelancers

instead

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of full-time

workers

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. In

this

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way

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, more

people

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would like to enjoy a flexible living pattern and the increase in self-employed

workers

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.

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, the increase in self-employment will trigger many drawbacks.

First,

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it is unstable for the employee to earn a living since freelancers’

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depends on how many

jobs

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they can apply for.

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, they face many uncertainties in their earnings. The delivery job is a case in point. The delivery

workers

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receive the transportation fee from the users. If the users don’t use the delivery service, their

income

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will relatively lower.

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, freelance

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’ payment patterns may be flexible, which means need to wait a long time to receive the full rewards,

such

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as design

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. The designers may only receive 10-20% of the total amount for deposit, but they in turn cannot receive the full salary after the task has been over. In

this

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way

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, it is indicated that many are uncertain about the salary earned by freelancers. Never should we overlook that self-employed

people

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may change

jobs

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frequently, and they may not develop professional skill sets. Since some of the professional skills need to have long-term practical practices, the employer may concern that their employment status is not stable enough.

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, they may lose chances for promotion to a more professional team and receive a vulnerable amount of

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.

For example

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, there are self-employed teachers, whose salaries are much less than theirs and cannot receive any training provided by the government and schools. In

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way

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, self-employed

workers

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lose their competitiveness in the business market, compare to full-time

workers

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. Under

this

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line of thinking,

due to

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the chasing for a work-life balance living

way

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and the increasing number of freelance

jobs

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in pro Covid-19 period, there are more

people

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changing to being self-employed.

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, freelancers still face a lot of uncertainties, including

income

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and career path, and even may lose their competitiveness in the job market.

Therefore

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,

people

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should have full consideration and think deeply before they choose to be self-employed.