Amazines Free Article Archive
www.amazines.com - Saturday, June 15, 2024
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133573)
 Advice (161671)
 Affiliate Programs (34799)
 Art and Culture (73857)
 Automotive (145712)
 Blogs (75615)
 Boating (9851)
 Books (17223)
 Buddhism (4130)
 Business (1330690)
 Business News (426453)
 Business Opportunities (366518)
 Camping (10973)
 Career (72796)
 Christianity (15848)
 Collecting (11638)
 Communication (115089)
 Computers (241955)
 Construction (38962)
 Consumer (49953)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20321)
 Dating (45907)
 EBooks (19703)
 E-Commerce (48258)
 Education (185526)
 Electronics (83524)
 Email (6438)
 Entertainment (159857)
 Environment (28976)
 Ezine (3040)
 Ezine Publishing (5454)
 Ezine Sites (1551)
 Family & Parenting (111009)
 Fashion & Cosmetics (196610)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310616)
 Fitness (106469)
 Food & Beverages (63046)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630145)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91679)
 Home Improvement (251219)
 Home Repair (46246)
 Humor (4724)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29616)
 International Property (3488)
 Internet (191032)
 Internet Marketing (146687)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80507)
 Link Popularity (4596)
 Manufacturing (20914)
 Marketing (99320)
 MLM (14140)
 Motivation (18233)
 Music (27000)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129734)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12689)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126730)
 Recreation & Leisure (95495)
 Relationships (87674)
 Research (16182)
 Sales (80351)
 Science & Technology (110295)
 Search Engines (23514)
 Self Improvement (153300)
 Seniors (6221)
 Sexuality (36011)
 Small Business (49312)
 Software (83040)
 Spiritual (23517)
 Sports (116155)
 Tax (7663)
 Telecommuting (34070)
 Travel & Tourism (308307)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11791)
 Website Design (56925)
 Website Promotion (36664)
 World News (1000+)
 Writing (35843)
Author Spotlight
NATASHA SEAN

Connect with Ask Assignment Help for urgent assignment help, online exam help, a href="https://www....more
ANDREW WILSON

Training to succeed at internet marketing and other online businesses. ...more
RAM SEWAK

Myself Ram Sewak possessing indepth domain experience of more than 10 years in SEO, SEM, Web Develop...more
CURTIS ENGLAND

I'm a full-time Writer, dreamer and chief executive manager. I write to release my true stories in t...more
ROBERT HOWARD

The Word of God is as, “Sweet as Honey”. God has Taken Me Through a Whole Lot of Things...more


The Pros and Cons of Being an Independent Consultant by Angela Roberts





The Pros and Cons of Being an Independent Consultant by
Article Posted: 03/31/2016
Article Views: 200
Articles Written: 66
Word Count: 583
Article Votes: 0
AddThis Social Bookmark Button

The Pros and Cons of Being an Independent Consultant


 
Business
Choosing between independent consulting and being a company's employee is an important decision. Each choice has its pros and cons, and being fully informed of the benefits and drawbacks will help you decide what is best for you.

We have put together a quick Pro/Con list based off of our discussions with candidates and our niche in clinical trial staffing. This list is not intended to be all inclusive, but hopefully will make sure you have more information to help you make your decision.

Pros of being an independent consultant:

You have more flexibility with your schedule. If you want to spend the summer with your family in Spain, you are able to choose projects to accommodate your plans. Like to be off on Fridays? This is easier to coordinate as a consultant.

You choose which projects to work and which to pass up. If you have a passion for oncology, being an independent consultant gives you the freedom to work only oncology trials. Similarly, if you find cardiology trials to be uninteresting, you can avoid these projects. You can also be more selective as it relates to the type of company you wish to work with (Sponsor vs. CRO, Large vs. Small, Pharma vs. Biotech or Device, etc.).

You may have the ability to take additional tax deductions. If you are an independent consultant, you can write off everything considered to be a business expense. This can include non-reimbursed travel expenses, home office equipment and supplies, home office space, internet and telephone services, etc.

Additionally, independent consultants can typically earn higher hourly rates because company's incur less overhead and burden costs than they would when hiring full-time employees.

Cons of being an independent consultant:

You now have two jobs – your clinical research contract position and marketing yourself for your next clinical research contract position. Being a consultant means you are responsible for finding your next contract so you will have to stay focused on constant networking and personal branding. Depending on how often your trials turn over, you may be searching for new trial work several times a year.

You are responsible for your own health insurance and retirement plan. Many talented clinical research professionals choose to be directly employed by a company because of benefits. Providing your own health insurance can be pricey, and putting money aside for your retirement requires a lot of discipline.

You no longer have paid time off. It is simple - when you are not working, you are not getting paid.

You are responsible for providing your own clinical research professional liability insurance. Although the cost is not significant, traditional employees enjoy the benefit of being covered by their employer company while Independent consultants are required to cover themselves.

You are responsible for paying your own taxes. This doesn’t mean you will pay more taxes, it just means you have to do it instead of someone else doing it for you. This means you will need to be disciplined enough to continually set aside a portion of your hourly rate pay your own with-holdings.

As you can see, there are plenty of benefits, as well as drawbacks, to being an independent clinical research professional. In order to make the right decision, you must evaluate what’s most important to you in terms of both your professional and personal lives.

Have any questions? Ask the clinical trial staffing team here and we will be happy to help.

Investing in a Lifetime of Success,

Angela Roberts

www.craresources.com

Related Articles - Clinical Recruitment, Recruiting Tips, CRA Recruitment, CRA Recruiting, Clinical Research Recruiting,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
SUSAN FRIESEN

Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
SHALINI MITTAL

A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
JAMES KENNY

James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license