1. BEYONDFULL TIMEEMPLOYMENTPART TIME, CONTRACT & FREELANCE WORKAS ALTERNATIVES TO FULL TIMEEMPLOYMENT Messiah UMC Jobs Ministry

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

3. BRIDGING THE GAP:PT & TEMP JOBSWhy 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. PART TIME JOBSShorter Work Week (Under 30-35 hrs) SeasonalTax 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

5. TEMPORARY JOBS 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

6. WEB RESOURCESwww.snagajob.com: part-time jobswww.americanstaffing.net: agencieswww.net-temps.com : temp listingswww.quintcareers.com Search: Temp Jobs & MatureWorkerswww.aarp.org/work/www.jobsearch.about.comSocial Media Sources!

7. CONTRACTING AS ALONG TERMEMPLOYMENT SOLUTION Many definitions of a contractor Individual as a W2 contractor Individual as a 1099 contractor

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

9. MANAGE RECRUITER &AGENCY RELATIONSHIPS Beware of dual resume submissions. Remember agency recruiters arent 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 AFREELANCER Must meet independent contractor guidelines. IRS Site Must like working without a net youll be wearing a lot of hats. Every day is a passive (and often times) proactive job hunt. Treat it like a business

11. CALCULATING YOURHOURLY 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 HEALTHINSURANCEAssociations Alumni Groups Cobra Contract Agency/Employment Firm Can you get coverage? Can you afford the premiums? Does it cover what you need covered?

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

14. SELF EMPLOYED ACCOUNTINGSeparate savings/checking accountKeep track of all business related expenses Paper, Computers, Printers / Ink Travel to business related meetings or purchases Health InsuranceYou can write off home office Heating, Electric, Water, etc. A portion can be written off, keep track of them as they happenSet 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 descriptionKeeping 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! Dont do something you may regret and pay for later.

16. QUESTIONS?