Being a freelancer or an employee is worlds apart. As a freelancer, you effectively become your own employer. The table below shows the biggest differences between a freelancer and someone in contractual employment.
Freelancer | Employed |
Multiple businesses | Employed by one company |
Tri-party agreement | Employment contract |
Flexible working hours | Fixed hours per week |
Flexible income | Fixed salary |
Flexible hourly rate | Fixed hourly rate |
Responsible for own administration | No administration |
No standard insurance for incapacity for work and damage to persons and/or property. It is hence recommended that you take out insurance yourself. With YoungOnes you are insured for free for every gig you work via the platform | Standard insurance for incapacity for work & damage to persons and/or property |
No accrual of pension, holiday pay and sick leave | Accrual of pension, holiday pay and sick leave |
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