• Independent contractor

What is an Independent Contractor?

Working as an independent contractor is becoming a popular career choice, compared to the traditional 9 to 5 job.

If you’re looking to become an entrepreneur, or you feel there is a gap in the market, then becoming an independent contractor may be a great career path for you!

Did you know that almost 17% of the Australian workforce are independent contractors? Out of all the females in our workforce, 12.55% are independent contractors. In contrast, 20.77% of men in our workforce are independent contractors.

Independent contractors Females vs. Males

How do you work as an independent contractor?

An independent contractor is someone who performs work or a service to another business or individual. However, they are not an employee – they are a completely separate business entity. In other words, they own their business.

Usually, independent contractors set up their business as a sole trader and run their own business with their own Australian Business Number (ABN). Therefore, they are responsible for providing their own benefits. This is because they are not entitled to conditions such as annual leave, sick leave, and redundancy entitlements unless it is specified in their contract. Therefore, they are responsible for paying their own taxes and superannuation, as no tax will be withheld from their pay.

What are the benefits of being an independent contractor?

How do I become an independent contractor?

From our research, one of the best ways to start a career as an independent contractor is to become a medical transcriptionist! As medical transcription is a primarily online occupation, you have the flexibility to choose your own work hours.

Here at TalentMed, our Diploma of Healthcare Documentation could be the perfect opportunity for you to change your career and become an independent contractor. A career as a medical transcriptionist provides you with the opportunity to work from home.

If you would like more information on how you can start your career to become a medical transcriptionist check out our Ultimate Guide, or you can register for a free consultation with one of our Career Advisers below!

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About the Author:

Sarah-Louise is a Career Adviser with over 5 years experience in Vocational Education and Training. Having completed a Bachelor of Business majoring in Human Resource Management, Sarah-Louise understands the importance of having a quality education. Feel free to comment and ask questions below.

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