Having a salaried job is better than being self-employed. To what extent do you agree or disagree with this statement?

 

Having a salaried job is better than being self-employed. To what extent do you agree or disagree with this statement?

Give reasons for your answer and include any relevant examples from your knowledge or experience.

If one wants to work for money, there are really only two options, working for someone else for a salary and being self-employed. Most people are involved with these two options and they both have advantages and disadvantages.

Being self-employed means that the worker owns the business that is being done. This might be a small one-person business or a large company with hundreds of employees. The first advantage of this is the capacity to earn more money. If the business does very well, the income can be considerable and the owner of the company will receive the benefits. On the other hand, if the business is not good, the owner's income will be low. Self-employed people also have the benefit to some extent of choosing their working hours and holidays and they have the right to change anything within their business. With this autonomy, however, comes the pressure to succeed and the reliance on one's employees, if there are any, to do their best to make the business thrive.

Salaried workers do not experience the same stress as the self-employed owners of companies. They might have stress in their duties, but the pressure that comes with keeping one's own business operating successfully in order to support oneself and one's family is just not felt by an employee. The employee also has a certain knowledge of his or her income, as the salary is usually fixed every month. The self-employed owner's income often depends on how successful the business is. The employee's fixed income, however, gives little scope for earning large amounts more. In addition, an employee does not have the freedom of the owner or the autonomy, and for many people, having control over their lives is a significant factor in their well-being.

It is certain that there are advantages and disadvantages to both being self-employed and salaried. I personally disagree that being salaried is better than being self-employed. I prefer the autonomy that being self-employed brings and, although there is more risk and pressure, this can lead to greater and more fulfilling rewards.