Salary, Benefits and Perks vs Hourly Pay

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To be your own boss might be the main reason why you're thinking about trading in your employee salary, benefits and perks for hourly pay as an independent contractor.

If you've already traded in your employee salary, benefits and perks for independence, one of the main drawbacks you've likely discovered, is that you can't always count on steady paychecks as you did when you were an employee.

Independent contractors typically make more money than employees in the same professions, but also have more expenses and must constantly seek new contracts. It's not always easy to make ends meet as an independent contractor.

If you're considering breaking free as an independent contractor or surrendering your independence to go back under the corporate thumb for a steadier gig, click below for tips on converting employee salary, benefits and perks into equivalent contractor rates, and vice versa.

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