Skip to main content

Despite many people believing that self-employed workers are more likely to feel stressed, a recent report has revealed that it is actually permanent employees that suffer more.

An AXA Business Insurance report found that although 42% of self-employed workers said that they were stressed by their work life, 61% of their permanent counterparts said the same.

Interestingly, contractors are also less likely to feel that their income is insecure in the long-term – just under half said they have concerns about the stability of their company, whereas two thirds of ‘permies’ worry about job security.

Gareth Howell, managing director, AXA Direct, commented, “We have the stereotype of the adrenalin driven entrepreneur and assume that being your own boss is always stressful. Looking at our index, self-employed people do indeed appear stressed, but that’s only before you compare them to everyone else. This is a fascinating bit of insight: does life just get less stressful when you’re self-employed, or do you simply become more resilient?

“I do feel there is something here about how much control an individual feels they have over their destiny. When we asked people about their motivations for starting a business ‘control’ was the word that came up time and again, in four in ten verbatim answers. Being able to wrest back control in an uncertain world is the crux of our self-employment boom, and explains why the self-employed come out best in this year’s Stress Index.”

Limited or Umbrella? If you are unsure which route would suit you better, please give us a call on 01206 591 000 or email to discuss your options.

You may also like to read:

How much could you take home through Contractor Umbrella?

How does an umbrella company work?

How does Contractor Umbrella calculate your pay?

Take Home Pay Calculator