We all want to be our own boss. But, once we graduate from university, we are left with no choice but to take up a job and work under a boss in order to pay our bills and put food in the table. But, there are plenty of negatives associated with being an employee. First of all, an employee has little to no freedom when it comes to his work. He is forced to work under a tight deadline and follow all the rules and regulations of his boss or risk getting fired and left without a job. You are not in charge of the hours you work, the time you arrive at the office, the work you do, in fact you have no control on almost any aspect in the workplace. You need to constantly answer to your superiors for any kind of work you do, and be at the whim of their mercy. The employer will carry out all the decision making, leaving you with no control or autonomy in your workplace.
You will also have little say over your vacation days or your salary structure. An employer will deem fit about your salary package, and you can’t take sick days without the approval of your boss. You will also have less control over how your money is invested as well. You will only have the ability to make suggestions, but to carry out any change at your workplace, that sort of decision making power will be left to your bosses.
Besides having little freedom, an employee also experiences fewer tax advantages and very little job security when he or she decides to work for a company. Another major disadvantage of being an employee is that other people will make loads of money on the back of your hard work, and you will see very little benefit or money trickle down to your salary after putting in all the hard work for your company. If your employer feels you are not working up to the mark, they might decide to fire you from work, and you can’t do anything about that. Basically, your employment is at their mercy. Having less job security means living with an uncertainty that will affect both your personal and professional lives, and prevent you from working under optimal conditions.
Employers rarely give an employee any benefit of the doubt, and you can be fired suddenly without the chance for improving at your work. Employers also fix strict hours and project targets which, if the employee fails to achieve, may affect his or her bonuses or their salaries. You have also no equity at your workplace, so when you do leave your company at some point of time, you can’t sell anything and derive any value from your workplace. You will only be left with work experience, which you can use to be a slave for a different company under a different boss. Employees rarely own anything of value in the company that they work at, so when you leave the workplace, the last paycheck will be the last amount of money that you will ever get from your previous employers.
Ownership of a company allows you to make money, but working for a company allows you to help other people make more money. Employees rarely see any benefits from their hard work, as their salaries remain stagnant for much of the time, and working with little to no benefits and almost zero equity under a company, most employees are forced to leave at a later stage when they fail to get satisfaction from their workplaces.