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The differences between contract workers and self-employeds can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a contract worker and a self-employed. Additionally, a contract worker has an average salary of $70,825, which is higher than the $34,734 average annual salary of a self-employed.
The top three skills for a contract worker include financial statements, SQL and payroll. The most important skills for a self-employed are windows, mowing, and customer service.
| Contract Worker | Self-Employed | |
| Yearly salary | $70,825 | $34,734 |
| Hourly rate | $34.05 | $16.70 |
| Growth rate | -8% | 8% |
| Number of jobs | 36,853 | 6,215 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 38% |
| Average age | 48 | 41 |
| Years of experience | 6 | 6 |
A contract worker is an independent contractor who only works at companies for a limited amount of time, according to agreed-upon contract terms. When it comes to employment, a contract worker may find opportunities in different industries, depending upon their set of skills and abilities. Although the extent of their responsibilities depends on their company or industry of employment, it typically includes performing basic tasks, maintaining an active communication line with co-workers, and adhering to company policies and regulations.
A self-employed person works without the supervision of a specific employer. Self-employed entrepreneurs decide their business plans to increase profitability and get involved with the current market trends. They also attend business orientations to improve their skills and strategies on driving their business' growth. A self-employed person must display exceptional decision-making and organizational skills to implement strategies, provide the best customer service with the clients, address their needs, manage complaints, and respond to the customer's inquiries.
Contract workers and self-employeds have different pay scales, as shown below.
| Contract Worker | Self-Employed | |
| Average salary | $70,825 | $34,734 |
| Salary range | Between $52,000 And $95,000 | Between $27,000 And $44,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a contract worker and a self-employed in terms of educational background:
| Contract Worker | Self-Employed | |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 38% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract workers' and self-employeds' demographics:
| Contract Worker | Self-Employed | |
| Average age | 48 | 41 |
| Gender ratio | Male, 59.2% Female, 40.8% | Male, 60.8% Female, 39.2% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.5% Asian, 7.4% White, 65.8% American Indian and Alaska Native, 0.8% | Black or African American, 9.9% Unknown, 5.3% Hispanic or Latino, 17.1% Asian, 7.3% White, 59.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 9% |