Employed V’s Freelance
Have you ever wondered on the difference between being employed or working self employed on a freelance basis in the fitness industry?
These points below may give you an idea…
|Regularly paid. Either salary or hourly rate, often paid monthly||Set your rate of pay, only paid if you have the work/clients|
|Fixed hours||Flexible working hours, manage your own diary|
|Holiday/sick pay||No holiday or sick pay|
|May get additional training paid for||Will need to fund your own additional training|
|May get a gym membership at the place you work||Unlikely to get a complimentary gym membership|
|PAYE taxed at source||Responsible for paying your own tax and will need to be set up at HMRC as self-employed but can claim expenses.|
|Can give the feeling of stability being part of a company ethos.||Ideal if you have Entrepreneurial instincts|
|Feel part of a team||Can be lonely at times
|Will be answerable to your line manager||Be your own boss|
|There may be an earning threshold. (Depending who you work for)||The sky’s the limit!
Working for yourself you have the best reason to try your hardest and make yourself as much money/profit as possible.