Being employed and being self-employed are two different ways of earning a living. While both have their advantages and disadvantages, choosing the right option depends on your personal preferences, financial goals, and lifestyle. In this article, we’ll explore the key distinctions between being employed and self-employed. Employment Status Employee An employee is a person who works for an employer. The employee has a contract of employment that outlines their job duties, working hours, salary, benefits, and other terms and conditions of employment. As an employee, you are entitled to certain rights and protections under the law, such as minimum wage, holiday pay, sick pay, and pension contributions. Self-Employed A self-employed…