Truths about money every employee should know 💸
Our freelancers (and future freelancers!) got a lot of love last week in this ✨ stunning piece from Jade Leitzel on how to set rates that protect your worth. This week, we’re focusing on how to talk about money when it isn’t your business.
Whether you’re salaried, hourly, part-time or full-time, the money dynamic is different when you’re employed vs. consulted.
Employees also get paid differently and have additional benefits, all of which come with different expectations. What works for a freelancer in a money conversation won’t work for you. Which is why we’re here today!
Before jumping into this week’s newsletter, I strongly recommend you read last week’s edition. It will become clear why later! We’ll be here when you get back.
It is fine (more than fine) to be employed. Employment can bring stability, resources, direction, mentorship, and other perks. All of which we should take into consideration because it is part of your compensation. And you might be thinking, “Mmm, Rachel, but I’d rather get money than all of this stuff.” That’s where we’re going to focus today - how we as employees think about our compensation/money and how our employers plan for our compensation as a cost.
Fair warning: I’m going to drop some nauseating truths about how most businesses make money decisions. If you’re not totally read-in to work being work (and not a family, babysitter’s club, etc), it is going to piss you off. But then it will set you free.
I’m really out here trying my hardest to get Apple TV to send me a cease and desist.