The Differences Between Employed vs. Self-Employed

The Differences Between Employed vs. Self-EmployedThe Differences Between Employed vs. Self-EmployedSomeone who is self-employed generally works for themselves as a geschftlicher umgang owner, freelancer, or as anindependent contractorfor aleidher company.Earnings are usually directly from the business or freelancing, instead of salary or commission-based reimbursement. Definition The Internal Revenue Service defines an individual as beingself-employed, for tax purposes, as You carry on a trade or business as a sole proprietor or an independent contractor.You are a member of a partnership that carries on a trade or business.You are otherwise in business for yourself (including a part-time business). Employment Status When youare employedby a company youare consideredanemployee. Employees are on the company payroll, and the employer withholds federal and state taxes, Social Security, and Medicare. Employeesare providedwith unemployment and workers compensation insurance. Emplo yeesmay beoffered benefit packages that include things like paid sick leave, vacation, health insurance, or 401(k) or other retirement plan participation. Self-Employment Taxes If youreself-employed, you are responsible for paying your own taxes to the Internal Revenue Service (IRS) and to your state tax department. Even if you do not owe any income tax, you must complete Form 1040 and Schedule SE to pay self-employment Social Security tax. In addition to income taxes,self-employedworkers must also pay Social Security and Medicare taxes in the form of SECA(Self-Employment Contributions Act). Independent contractors are not entitled to employee benefits, even those mandated by law like unemployment and workers compensation because they are not employees of a company. Unlike a typical employee, independent contractors work less regularly. They work as and when required, and usually bill by the hour or per project, depending on the terms of their contracts. From a tax perspective, employing regular employees costssignificantlymore for employers than independent contractors because theyare requiredto pay Social Security, Medicare, State and unemployment taxesin addition toconsistent, salary or wage-based work. Health Insurance and Other Benefits However, self-employedindividualsand independent contractorsmay beable topurchasehealth insurance and other benefits for you through theAffordable Health Care Act(Obamacare) or throughorganizations like the Chamber of Commerce or others groups thatprovidebenefits for self-employed workers and small business. If you have self-employment income, then you can take adeduction for health insuranceexpenses incurred for yourself, your spouse, and your dependents. Other self-employed tax deductions include home office costs, internet, phone, and fax expenses, meals, business travel and car expenses, interest on business loans, education, IRA contributions, and even some entertainment. Pros and Cons While there are many positives to being self-employed such as choosing your own hours (full orpart-time), shortening or completely avoiding your commute, focusing oncareerobjectivesthat matter most to you, being able to work remotely and tax deductions, one of the downfalls is that benefits usually included in salaried workmust bepaid forout-of-pocket. Furthermore, self-employed workers are responsible for both losses and profits. There are no paid holidays or sick pay, and the earning schedule may be less in theshort term when you are starting out.With no boss or supervisor to manage you, it takes great focus andmotivationto beself-employed. In many circumstances, hours are long and working on your owncan belonely. Health insurancemust becontracted for by theindividual, there are no paid vacations or sick days, and retirementmust beplanned for. Becoming Self Employed For those interested in making the move to becomingself-employed, Small Business Canada Expert Susan Ward has great advice on transi tioning from being an employee to beingself-employed.

5 Things You Should Know About SMS Recruiting

5 Things You Should Know About SMS Recruiting 5 Things You Should Know About SMS Recruiting Millennials - perpetually glued to their phones and always posting everything to social media, right? Maybe, but theyre leid the only ones who love their smartphones.Seventy-five percent of US adultsuse a smartphone, andnumber of cellphone users around the world is expected to surpass the5 billion markby 2019.What you may not realize is that heavy smartphone usage presents an opportunity to savvy recruiters. Emerging technologies are allowing recruiters to contact candidates where it matters most via text messaging.Not All Candidates Are Millennials (Obviously)Before you rush out to start texting your candidates, you have to understand who in your talent pool is using their cellphones on a regular basis. While we all know millennials are highly receptive to mobile technology, they arent the only ones.Seventy-nine percentof people between the ages of 18 and 44 - which includes millennials a nd Gen. X-ers - have theirsmartphoneson flosse 22 hoursa day. Moreover, 68 percent of millennials, 73 percent of Gen. X-ers, and 75 percent of baby boomers are open to receiving job opportunities via text.The takeaway Text messages can open up worlds of talent beyond the millennials.Is SMS Recruiting Right for You?Now you know that text messages can engage a variety of candidates - but is integrating SMS into yourmobile recruitment strategyright for you?Opinionsvary on this matter, but on the whole, recruiting teams seem to be embracing the possibilities of text messages in recruiting 78 percent of recruiters use text messages to schedule interviews, 76 percent use text messages to confirm interview times, and 80percentfeel it is helpful to follow up with candidates after their interview via text messages.Are Text Messages Even Appropriate for Recruiting?Considering 81 percent of Americans regularly send text messages, we know this is a quick, easy way for recruiters to contact ca ndidates. The question, however, is whether the ease is worth it.Are text messages really an appropriate way to communicate with candidates?There is little consensus among job seekers on the matter. According to a Software Advice survey, 35 percent of job seekers consider text messaging a professional mode of recruiting communication, 34 percent consider it unprofessional, and 31 percent consider it neither professional nor unprofessional.You need to considerwhat kind of communication - and how much - you are willing to have via SMS. Your decision will largely depend on your talent pool. Understanding the industry norms and your candidates demographics should help you determine whether or not SMS is a viable addition toyour mobile recruitment strategy. One great way to settle the matter is to let candidates choose for themselves Add a text message option to your job ads or career site and see who utilizes it.The Facts of SMS RecruitingStill debating whether or not you should be te xting candidates? Here are six facts to help you decide1.89 percent of job seekers think mobile devices play a critical role in the jobsearch Getting on board with some form of mobile recruiting technology can drastically improve your candidate engagement and outreach, because candidates are already using that technology. Why not meet talent where they are?2. 65 percent of job seekers use their smartphones at least once a day for job search tasksThe majorityof your candidates are already searching for your geschftsleben on their mobile devices. Incorporating a text messaging framework into your recruiting methods puts you directly in the palms of their hands.3. 78 perent of candidatessay theywould apply for a new job through their mobile device if the process were simpleIn todays candidate-driven market, appealing to a candidates needs is more critical than ever. Presenting yourself as a business that understands what candidates want will distinguish you from competitors and make yo ur organization an employer of choice.4. 73 percent of job seekerswould like to receive targeted job opportunities via textCandidates want to receive job opportunities in a way that fits their lifestyles. They dont want to trudge through job boards on their laptopsor wait anxiously for an employer to respond after theyve submitted dozens of applications. Candidates want to feel connected to potential employers right from the moment they hit the submit button.5.Text messages havea 95-98 percent read rateProbably the most important statistic to sway any business to text recruiting is the open rate. Candidates read their texts. In fact, nearly every smartphone user reads their texts right away, whether theyre applying for jobs or not. By comparison, emails onlyhave 20 percent open rateon average.A version of this article originally appeared on theClearCompany blog.Sara Pollock is head of the marketing department atClearCompany.

10 High-Paying Side Jobs for Job-Hunting Recent College Grads

10 High-Paying Side Jobs for Job-Hunting Recent College Grads 10 High-Paying Side Jobs for Job-Hunting Recent College Grads If youve just graduated from college (or are about to), you may have a full-on job search underway. While youre looking for just the right position, you may be able to bridge the financial gap with high-paying side jobs that allow you to work remotely. Recent college grads may find that hunting for a  post-college full-time position is a daunting undertaking. Whats more, data from the National Association of Colleges and Employers projects that while salaries are up, hiring will dip by 1.3 percent for recent college grads. All the more reason to look for side gigs that may offer you some breathing room. The high-paying side jobs below all: Offer part-time schedules ranging from 5 to 35 hours per week Allow a person to work mostly or completely from home Pay more than double the federal minimum wage of $7.25 per hour, and in some cases, much more (based on median pay rate information from PayScale.com) Require the skills and experience that a recent college grad may be likely to possess **The jobs on this post are now expired, but you can search”  newest flexible job listings here!** 1. Marketing Consultant or Specialist Hiring Now: Marketing Consultant PayScale  median hourly rate:  $34.57 As a marketing consultant, your duties may include overseeing newsletters, email campaigns, online advertising, social media, and website layout. Its a plus if you have a demonstrated, specialized knowledge of one or more particular industries, and past experience in related work. 2. Editor Hiring Now: Features Copy Editor PayScale  median hourly rate:  $11.82 $31.03 An editor reads content and makes revisions and corrections to drafts of articles, blog posts, books, manuscripts, and other written documents. A bachelors degree is often a requirement, along with knowledge of one or more widely accepted style guides and understanding of grammatical best practices. 3. Graphic Design Hiring Now:  Digital Assets Coordinator PayScale  median hourly rate:  $11.52-$28.03 Graphic designers use a variety of creative skills to provide visual solutions for a variety of products including online platforms, magazines, brochures, and advertisements.   A degree or certification in graphic design is often required; a portfolio of past work and demonstrated experience is a plus. 4. Writer Hiring Now: Writer PayScale  median hourly rate:  $20.34 Professional writers provide content for a wide variety of online and print publications, with duties such as writing original content, researching, and completing other duties relevant to the job. Top-notch communications skills are a must, and its helpful to have 5. Interpreter Hiring Now: Staff Interpreter PayScale  median hourly rate:  $20.02 The work of an interpreter is to provide on-demand interpretation services, often during phone calls between two people who speak different languages. Usually, fluency in English and at least one other language is a requirement. Other prerequisites: at least a high school diploma and advanced cultural knowledge in the relevant area. 6. Tutor Hiring Now: Tutor, Accounting PayScale  median hourly rate:  $19.68 Tutors help students of various ages and levels of education improve their knowledge of a particular subject. Employers offering online tutoring platforms hire people with a degree or proven knowledge of a specific field. High-speed Internet access and a desire to help people learn are also required. 7. Personal Shopper Hiring Now: Personal Shopper PayScale  median hourly rate:  $16.50 Personal shoppers (and fashion stylists) offers guidance and advice to help consumers make purchases, from clothing to home furnishings, that suit their styles, needs, and budgets. A degree or certification in merchandising or fashion design may be required, and you may need to show a client book tdemonstrating past success. 8. Web-Based Research Hiring Now: Web Search Evaluator PayScale  median hourly rate:  $16.39 A web or online researcher uses a variety of Internet resources to collect data, potentially on an array of different topics from science to popular culture. Specialized knowledge or education may be required (in technical subjects, for example), and access to reliable high-speed Internet is a prerequisite for remote research jobs. 9. Administrative  Operations Hiring Now: Operations Associate PayScale  median hourly rate:  $15.84 Administrative professionals performa organizational and clerical tasks that help ensure smooth operations for employers across virtually all industries. While the minimum educational requirement is a high school diploma, responsibilities- and pay- usually increase with more education. Great computer, communication, and office skills are essential. 10. Social Media Coordinator Hiring Now: Social Media Coordinator PayScale  median hourly rate:  $14.83 To be a social media coordinator, youll need to be highly conversant with virtually all social media platforms to perform duties like posting to social media channels, keeping on top of trends, and connecting with customers and consumers via social media. A bachelors degree in communications, marketing, journalism, or a related field is often required. Browse Open Flexible Jobs Brie Weiler Reynolds contributed to this post.   This article was originally  published on May 11, 2017. It was updated on May 2, 2017.