More and more freelancers are choosing to take the plunge and change their status by opting for payroll. While maintaining their independence and complete freedom of action, this status also provides them with greater security. And that’s not all: choosing payroll allows you to benefit from several other advantages.
Maintained Independence
When you enter a mission, you sign a tripartite contract involving the payroll provider, your client, and yourself. Despite this agreement, you retain your independence in choosing your missions. Depending on the payroll companies, some may ask for updates on the progress of your task without intervening.
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As a contracted worker, you manage your prospecting, choose your clients, set your fees, and cover your professional expenses. Furthermore, you organize the conduct of your interviews and missions.
Employee Status: Security
We must not deceive ourselves; of course, the costs of a freelancer are lower than those of an employee, but when it comes to security and social security, it is the salary that prevails! If you are contracted, you benefit from the same social system as an employee while being independent. You receive paid leave, health insurance, retirement benefits, and professional liability coverage. In case of contract termination, you may receive unemployment benefits, and your professional expenses are reimbursed.
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Unlike a freelancer, you do not have to take steps to find mutual insurance or professional liability insurance. By joining a payroll company and depending on its conditions, you not only benefit from coverage but, in addition, the advantages you can claim are greater.
It is worth noting that at the beginning of their activity, a freelancer often overlooks retirement and supplementary pension contracts. They prefer to focus on starting their business and postpone subscribing to such contracts. They are entitled to lower basic allowances than a paid employee. Similarly, in the case of mutual funds, their health reimbursements are often lower.
Ability to Delegate Administrative, Accounting, and Legal Tasks
Your payroll provider offers you several services: accounting, administrative, or legal, depending on the chosen offer. They handle your accounting by processing your paid “client” invoices, making reminders, and checking the solvency of your potential clients. When working independently, that is your responsibility. Depending on the situation, the intervention of an accountant may be necessary and incur costs.
On the legal side, you have contracts or amendments to send to your clients, whereas a freelancer often has to hire a lawyer to draft such documents if they lack expertise in this area. This is an additional cost to consider.
On the other hand, the payroll provider pays your salary and prepares your pay slips. They report your income to the tax authorities. They handle all administrative procedures related to the contractual agreement and provide you with practical tools to create quotes and invoices.
Higher Quality Prospecting
Freed from all administrative and accounting procedures, you can focus on exploring and developing your business.
There are several types of prospecting available to you. You can conduct client research yourself (via mail, phone) or through your payroll operator. Most mission offers are available either directly or by signing up on a platform (however, the likelihood of a mission offer appearing when you need it, near you, suited to your profile, during a timeframe that works for you, remains low). Another alternative is developing a professional network.
Developed Professional Network
Payroll provides you with a professional network. The reputation of the company is a sign of reliability and an accelerator for finding clients and growing your business. You also meet other consultants at conferences, after-work events, or workshops. These interactions allow you to expand this network, increase your skills, and broaden your area of intervention through various testimonials collected. Your payroll company also supports you in developing your business by intervening at different levels while listening to you. You may even have personalized follow-up, depending on your contract.
Optimized Training Time
As an employee, you are entitled to training. Even if you are independent, enhancing your expertise and renewing your knowledge are essential to accomplishing your missions, as well as providing and developing quality service while increasing your revenue. You benefit from the CPF (Personal Training Account) and the CIF (Individual Training Leave), depending on the terms and conditions of your seniority with the payroll provider and the type of contract (permanent or fixed-term).
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