1. BEYOND FULL TIME EMPLOYMENT PART TIME, CONTRACT & FREELANCE WORK AS ALTERNATIVES TO FULL TIME EMPLOYMENT Messiah UMC Jobs Ministry

2. AGENDA Part Time Work (Gwen) Contracting/Freelancing (Will) Self Employed Taxes (Ben) Questions

3. BRIDGING THE GAP: PT & TEMP JOBS Why Consider PT or Temp Work? Source of Income (maybe benefits) Keep Skills Fresh or Learn New Skills Opens Doors – Contacts & Employers Allows Time to Search for Permanent Job

4. Shorter Work Week (Under 30-35 hrs) Seasonal Tax Season, Summer, Holiday, etc. Shorter Week & Shift Work Helps with childcare issues Time available 9-5 for FT interviews Work from Home? Caution re:$$ outlay and legitimacy PART TIME JOBS

5. Short-Term Commitment: FT or PT Try out new companies, jobs, skills Gain experience Flexibility: duties, time committed Potential for Permanent Hire ******************************** AGENCIES: TEMP vs TEMP- TO-PERM TEMPORARY JOBS

6. www.snagajob.comwww.snagajob.com: part-time jobs www.americanstaffing.netwww.americanstaffing.net: agencies www.net-temps.comwww.net-temps.com : temp listings www.quintcareers.com Search: Temp Jobs & Mature Workers www.aarp.org/work/ www.jobsearch.about.com Social Media Sources! WEB RESOURCES

7. CONTRACTING AS A LONG TERM EMPLOYMENT SOLUTION Many definitions of a contractor Individual as a W2 contractor Individual as a 1099 contractor

8. WORKING THROUGH CONTRACT AGENCIES PLUSES Back office support/collections Regular paycheck Some access to group benefits Access to clients & BD Work on a contract term MINUSES Crowded market Rates are being choked In Business to place bodies Salary + Overhead can price you out of deals Work on a contract term

9. MANAGE RECRUITER & AGENCY RELATIONSHIPS Beware of dual resume submissions. Remember agency recruiters aren’t HR Pros. Get job description/requirements in writing. Find a good recruiter, connect with them through LinkedIn and stay in touch. Cut bad recruiters loose.

10. WORKING AS A FREELANCER Must meet independent contractor guidelines. IRS Site Must like working without a “net” – you’ll be wearing a lot of hats. Every day is a passive (and often times) proactive job hunt. Treat it like a business

11. CALCULATING YOUR HOURLY RATE 1099 vs. W2 Being competitive while not pricing yourself out of contracts Know your expenses every month Rent/Mortgage Utilities Car payment More firms trying to place contractors push down hourly rates Companies hiring contractors are pushing back on rates as well

12. GETTING HEALTH INSURANCE Associations Can you get coverage? Can you afford the premiums? Does it cover what you need covered? Cobra Alumni Groups

13. IRS WEBSITE – VERY HELPFUL http://www.irs.gov/businesses/small/index.html

14. SELF EMPLOYED – ACCOUNTING Separate savings/checking account Keep track of all business related expenses –Paper, Computers, Printers / Ink –Travel to business related meetings or purchases –Health Insurance You can write off home office –Heating, Electric, Water, etc. A portion can be written off, keep track of them as they happen Set up simple spreadsheet using MS Excel or Google Docs –Thoughts: Tab for Income, Tab for Expenses, Tab Mileage, Tab for Home Office Utility details. –Keep track of date of transaction, amount, and description Keeping organized now = easier tax and business preparation later!

15. SELF EMPLOYED – TAXES Set aside at least 30% of paychecks for tax purposes Recommend SEP-IRA (up to 20% of earnings) To make estimated tax payments visit: Electronic Federal Tax Payment System (EFTPS) website Visit IRS Website for more details on taxes: http://www.irs.gov/businesses/small/index.html (Bing or Google self-employment taxes) Recommend using a tax professional Read the rules before taking a deduction! Don’t do something you may regret and pay for later.

16. QUESTIONS?