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 p.1 #4 · Pros & Cons: associate photographer vs. subcontracting | |
Among other things and in no particular order, employers deal with:
FICA
Health insurance
Holiday/vacation pay
Sick pay
Marketing, advertising, collateral materials, sales (procurement of business)
Rent
Renters insurance
Utilities
Phone, internet, alarm system, other monthly services
Licenses (business, location, etc)
Variations in productivity (f*ck off time, job scheduling, inefficiencies, etc)
Human resources (inspiring, scheduling, bitching, cooperativeness, training, hand-holding, admonishing, hiring/firing, strangling)
Theft of goods or time
The cost of paperwork
Asset management (gear, gear backups, image backups)
Maintenance (computers, gear repair, janitorial)
Software licensing or purchase
Accounting and legal services
Errors and omissions insurance
Not to mention the vision of the business - the concept and creative spark, the why
So typically a contractor/freelancer/1099 has to bill two or more times their desired take home wage to cover at least some of those expenses.
The contractor enjoys the freedom/flexibility to decline work.
The employer enjoys the freedom to keep work in-house, has no obligation to keep a contractor busy and so they are often the first expense eliminated when work is thin.
For both parties, it really depends upon your personality, work ethic, priorities, aversion to risk, need for security, and on and on. Some people are very well suited to be self-employed, for others it would be a catastrophe.
Best of luck.
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