The Satisfaction of Being Your Own Boss
The facts surrounding the job satisfaction of independent contractors run contrary to claims that contractors would prefer to be full-time employees. Increased job satisfaction reported by independent contractors is due to the higher wages earned by contractors, the flexibility many enjoy, and the satisfaction of owning their own business.
- A U.S. government study found that 82.3% of those who are self-employed prefer their jobs to working on salary or as hourly employees
- A Pew Research Center study reveals that self-employed workers, including independent contractors, have greater job satisfaction than salaried employees
- Independent contractors can create their preferred work schedule. They are paid based on their productivity, not simply the hours they work. This means independent contractors can work fewer hours than they would as traditional employees or that they can work more for greater pay
- Independent contractors’ job satisfaction is also the result of their increased work-life flexibility. They can take on additional work or scale back on their hours based off of their own personal and family requirements. For example, contractors have the flexibility to take an extended leave of absence to care for a sick family member