Question

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For this discussion, choose two different industries and detail the pros and cons of each. For each industry, compare what it would be like if you were employed as a freelancer versus a regular employee.

Answer 1

do you care about which industries they are ?

Answer 2

See Below:

Freelancing

One of the developments that has been transforming people's lives is freelancing. Some individuals now regard it as their ideal career.

Pros:

1. Client Choice: Freelancers have the unusual freedom to pick and choose whose clients they work with. They can deal with a variety of clients or just a few carefully chosen clientele.
2. Control of Workload: The freedom to select your workload is a further advantage of freelancing. You can select projects and tasks that are relevant to you and work as much or as little as you'd like. Without the interruptions of a full-time job, such as meetings, office politics, and other distractions, you are able to concentrate on the work you love and are interested in.
3. Flexibility: Freelancers have the independence that most individuals only dream about since they have such flexibility over their clients and projects. You have the freedom and power to decide whether you want to work full-time for the most of the year and merely part-time in the summer. You may easily request the duration you want.
4. Independence is a perk of freelancing. You may work alone and, for the most part, wherever you feel most comfortable, and you are liberated from the cubicle and the corporate work life.
5. Exposure: A lot of professions provide their workers diversity, but working as a freelancer gives you access to a wider range of tasks and subjects. Working inside for one organization might not provide you experience in other markets or professions.

Cons:

1. Taxes: While they might be a drawback to freelancing, self-employment taxes are the freelancer's responsibility, and they must be paid on a quarterly basis. However, freelancers are also entitled to deductions that employees are not.
2. Lack of Perks: In contrast to full-time employees, freelancers seldom ever receive benefits. Freelancers are often responsible for sourcing and funding on their own because they are self-employed.
3. Unreliable Work: It may be quite challenging to locate stable employment. An agreement can be canceled by the client. After finishing a project, you can have a hard time getting new work. You may stay on top of locating your next assignment by using an employment service like Network Plus.
4. The main responsibility is managing a business while you're a freelancer. You are in charge of marketing your business, acquiring clients, maintaining those clients, billing/collecting clients, and paying taxes. Numerous choices will need to be made, including how you'll monitor and collect payments, which applications you should get, what advertising tools you'll want, and more.
5. Isolation: Being a freelancer generally has the drawback of isolating you from a group or organization. More often than not, you will work alone unless you have someone close to you to collaborate with.

Regular Employee

Cons of working for a company:

1. Jobs may occasionally be monotonous, and repeating tasks can encourage laziness.
2. Family time is missed if your work schedule is busy, and this might have an impact on your health.
3. Working overtime might be irksome at times.
4. In software occupations, there is constantly a sense of FOMO since there are always new innovations emerging.

Advantages of employment:

1. There is no need to worry about running the business; simply perform your work, take time off, and enjoy your family.
2. If the firm is also losing money, your salary will be credited to your account on a monthly basis.
3. can take time off as needed.