Gig work has advantages, such as flexibility and a better work-life balance
There are many perks to being an independent contractor, such as building your own schedule to ensure you have flexibility, so you can be there when your family needs you, or can set aside time to pursue your studies and interests. Benefits such as job variety and satisfaction in choosing which tasks you tackle can add up over time! For many people, gig work is a rewarding experience. We look at some of the main advantages of being an independent contractor.
Gig workers set their own hours
Setting your hours is a big bonus of being an independent contractor, letting you choose when and how you want to work. Gig workers are in complete control of their schedules, which means you can work as much or as little as you want, depending on your needs. You also have total control of which jobs you select, allowing you to focus on the work that matters most to you or to optimize your time for profit.
Independent contractors have a greater work-life balance
The pandemic has forced people to rethink their vocation and work-life balance. In this brief from MBO Partner’s soon-to-be-released State of Independence report, they write that independent work is popular and viable, seeing growth of 34% year over year. The release also notes that independent workers consistently report they are healthier and happier being their own boss.
Some independent contractors, like direct sellers, can work from home, which makes balancing professional and personal time much easier. There is no time spent commuting in these roles. No office politics or distracting coworkers also make for a less stressful work experience.
Independent workers can still get benefits and invest for retirement
It can be difficult to find the resources needed to succeed as an independent contractor, but gig workers can still get benefits. Both family and individual plans are available for health coverage, auto and home insurance, and more. No 401(k)? No problem. There are many ways that independent workers can save for retirement. In this article, The Motley Fool shares six examples of how.
Gig work is valuable work experience
Working as an independent contractor will help you gain experience in your chosen field. If you’re not sure which industry you want to focus on, you can test out various companies without committing to full-time employment. You will gain new skills and ways of working. Variety in your work also means you will also meet a wide range of people, making important contacts along the way.