The pros and cons of being employed and self-employed

14 July 2011
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Check out our at-a-glance list of the pros and cons of either working for yourself or for somebody else:

Regular employment

Pros:

 

Cons:

  • The daily commute
  • Lack of flexibility regarding holiday dates and length
  • Childcare issues
  • Lack of autonomy
  • Any pay rises are likely to be minimal and infrequent
  • You are unlikely to feel the effects of any company success and growth

 

Self-employment

Pros:

 

Cons:

  • Lack of employment security
  • Lost earnings if you take a holiday
  • Losing the division between work and home time - home working can also mean your home becomes an office
  • If you work alone, you can become isolated and jaded

 

In reply to by anonymous_stub (not verified)

Hi, I recently started work as a Labourer. I'd like to know if I would be better off as self employed or employed by an umbrella company? Which would mean I take home more money? Thanks

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