Employment V Self-Employment

Words, hubbul

The way we work has changed, forever. Self-employment is more popular than ever, while those working for companies as employees experience freedom and flexibility in the way they work like never before.

The world of work – however you look at it – has liberated people everywhere. And whether you’re yet to start your career, half-way through it or even nearing the end, everyone today is faced with a choice: self-employment or employment?

Let’s take a look…



The biggest perk of employment is the regular pay packet that comes with it. Whether it’s weekly or monthly, a guaranteed wage gives you security and peace of mind.

Workplace pension

With the gradual introduction of auto enrolment in 2012, employers these days are beginning to contribute to workplace pensions. By 2018, the very least you can save for retirement through a workplace pension will be 4% from yourself, 3% from your employer and 1% in tax relief from the Government.

Holiday pay

In desperate need of a few weeks off? No problem. Get paid when you’re on the beach. Just be sure to actually switch off and enjoy that holiday…


Sick pay

If you’re too ill to work, or hungover as hell (not that we encourage it), employees qualify for sick pay. You get paid when you’re too ill to make it into work. If it’s something more serious than a sore head, and you miss work for 4 or more days in a row, you’ll qualify for Statutory Sick Pay – at least £88.45 per week. But today, many companies offer full-pay, as long as you give evidence of the illness.

Maternity pay

Parents get maternity and paternity pay. Employees pay Statutory maternity pay for up to 39 weeks. Mothers get 90% of their average weekly earnings before tax for the first 6 weeks, then £139.58 of 90% per week for the remaining 33 weeks – whichever is lower.

New dads can decide whether to take a week or two of paid paternity. It’s the same deal. 90% of your earnings or £139.58 per week – whatever’s lower. 

A lucrative package

Commission, the odd bonus, an annual wage review, company getaways and nights out, are all devised to entice you in. Work hard for a company, and most of the time you’ll be rewarded.


The power of choice

Work anytime, anywhere and for whoever you choose. Whether you’re an out and out freelancer or a bum on seat contractor, you have total freedom over how you go about your business. Because it is your business.

Never get bored

For freelancers, contractors and the self-employed, life is exciting. Start and stop projects as you please. Mix up your working day. Avoid office politics. Escape corporate bureaucracy.

Unlimited earning potential

The sky is the limit. An average Boox report revealed that the average self-employed worker has an annual income of £50,820 compared to the national employee average of £26,093. Freelancers, contractors and the self-employed can take fair advantage of tax incentives along with the massive increase in-demand for their services.

Worklife balance

Work when and however you like. Last minute holiday? No problem. Just had a child? Work the odd day here and there while you spend time with your new family. Self-employed people can enjoy unlimited freedom, should they really embrace it.

A changing landscape

It’s becoming easier to become self-employed and easier to work as a self-employed person. Put simply, there’s never been a better time to work for yourself. Specialist mortgage brokers are breaking down barriers, making it easier for the self-employed to get a mortgage.

Banks too have been forced to recognise the new economy – and one in which self-employment is quickly becoming the norm. Lending to the self-employed, along with government incentives and grants are easier than ever to get.

With 4.6million self-employed people in the UK, this way of working has never been more popular or in demand. But who are we to judge? Decide for yourself… 

Self-employment or employment? Leave your comments below…

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