Thinking of making the leap to freelance, or hiring an independent contractor? Here are some pros and cons to keep in mind:
FOR INDEPENDENT CONTRACTORS/FREELANCERS
-- More control over the work you do.
-- Flexible schedule.
-- The possibility of making more money.
-- You're responsible for finding the next job.
-- Need to figure out health insurance, retirement savings and taxes. Must also keep track of payments from gigs.
-- Not having co-workers can get lonely.
-- Independent contractors bring in fresh ideas without paying a full salary and benefits.
-- Contractors can focus on one problem or issue that needs solving.
-- Hiring companies can vet contractors, saving time and money.
-- If a company likes an independent contractor, it may be hard to get them to stay or work full-time hours.
-- The contractor might not be a match, and could take time and additional money to find a replacement.