In certain industries where there is an option of choosing to be a contractor or a permanent employee (such as the trades industry), it can sometimes be hard to decide which would be the best option for you.
There are pros to both depending on the environment and stage of your life, however if you consider the many different curve balls life might throw at you, choosing to be a permanent full-time employee may be your best choice for your security and peace of mind.
There are several key benefits to becoming a permanent employee.
Unfortunately, getting sick is invariably part of life.
No one chooses to be sick. You may end up with a simple flu where you need to take a few days off to let your body recover, or worse, a serious injury that may leave you incapacitated for a longer period.
As an employee you are covered for up to 10 sick days per year. Most of us may not take the allocated 10 days especially if you are young and fit. Fortunately, sick days do accrue year on year. Therefore, if your health is compromised or you are seriously injured which will put you out of action for a longer period of time, this accrued sick leave can then be taken.
It’s great to take time off from work and spend time with family and friends. Budgeting for this time as a contractor can be tricky as it is not just the cost of the holiday itself but your ongoing costs such as the rent or mortgage and other monthly bills that do not stop simply because you are on holiday.
Holiday pay as an employee also entitles you to a 17.5% loading on top of your base wage. An excellent bonus to allow for a bit of extra spending money or to simply allow for your monthly ongoing costs as well as your getaway.
Superannuation is incredibly important as a way to increase your wealth and provide a nest egg in your retirement.
When you are young and earning good cash, it may seem too far away to prioritise putting aside savings from what you are earning week to week. However, the benefits of compound interest are significant and when your employer is contributing at 9.5% of your salary to your super, you can relax knowing that your retirement is taken care of.
Although it might not be considered important now, deciding to get started early will save you having to consider contributing unrealistic annual contributions later on as you play catch up.
As an employee, the responsibility of Super contributions is automatically taken care of by your employer.
Unfortunately, throughout our lives, there will be times when we will need to take time off work to provide support to those we care about.
Personal leave gives you the option to take time off work without being penalised so you can focus your attention and care where it is needed most.
As a new parent, it is incredibly special to welcome your new child into the world, bond and create a safe space for your newborn, partner and yourself as you navigate such a huge change in your life.
Paid Parental Leave is provided to support you and your family financially while you take the time to adjust to being a new parent.
As a dad, you would receive two full weeks minimum wage to help offset your work income.
Long Service Leave
Most of us stay put in a particular role because we get along with our peers, we enjoy the work we do, and being a part of a great work culture.
Long Service is not considered in today’s work environment but when you enjoy where you are and grow professionally, there is financial reward for your service once you reach 7 years it begins to accumulate and can be taken above and beyond your annual holidays.
Many contractors are contractors because they enjoy the flexibility and variety of work they can gain from working with multiple employers in various locations.
However, choosing to work in a larger organisation such as PorterVac also allows for progression within the business and a variety of services to increase your experience and knowledge in the roofing industry.
The roofing industry can be seasonal as well as dependant on the economic environment in Melbourne.
PorterVac offers multiple services that are seen as essential in both commercial and the domestic markets. Due to the diverse nature of PorterVac’s services, it has the ability to accommodate any fluctuations in the local economy.
Thorough the Covid-19 economic downturn, PorterVac not only continued to provide ample jobs to their staff, the business also grew by 300%.
Choosing to work for a reputable business that is established and growing, such as PorterVac, can offer its staff peace of mind that they are here to stay and intend on remaining Melbourne’s no 1 roof and gutter cleaning business.
Not Needing to Run Your Own Business
Running your own business can be rewarding but it doesn’t come easy as it requires learning additional skills and overall knowledge of running your own business.
Chasing bills is never fun. Neither is quarterly BAS statements!
Needless to say, all of the above requirements of being self employed as a contractor is not required as an employee. This gives you the opportunity to focus on the job on hand and improve on your skills. Your time at the end of the day is yours to relax and be with your partner, family and friends where you can switch off and enjoy your evenings and weekends.
PorterVac is now the most trusted and experienced gutter cleaning company in Melbourne.
Additional Benefits as an employee at PorterVac:
- Professional Indemnity Insurance
At PorterVac, we make sure you use our facilities and supplies to make your day easier & more enjoyable. It’s hard for us to hear there are still roof tilers being taken advantage of today, having to use their own vehicles or fuel as a “company expense”, and, not to mention the usually forgotten tolls expenses.
We also know how vital our team is and being paid on time is a non-negotiable for us. Rest assured if you’re looking for weekend work, we have the added option as we have plenty of work to be done.
So, is it better to be an Employee or a Contractor?
It comes down to the individual, their needs and skills.
The security of work, consistency of income and knowing that if life throws some curve balls at you that there is a safety net in place as an employee is an easy decision.
In addition to that, knowing you are part of a solid business with great people that strive to be the best at what they do, and offer a variety of work and progression for those that want it, the decision to become an employee becomes a much easier one.
Call Brayden, General Manager, to discuss what opportunities there are for you within the PorterVac Team on 1300 833 399.