Freelance Glossary > P > Permalancing

Permalancing

Permalancing is a hybrid employment model where a company hires a freelancer on a long-term or ongoing basis, offering some benefits typically associated with traditional employment, such as consistent work and steady pay, while still maintaining the freelancer’s status as an independent contractor.

Under permalancing, the freelancer may work full-time or part-time hours, with a set schedule, and receive some benefits such as healthcare or retirement benefits. However, the freelancer is still responsible for paying their taxes, purchasing their own equipment, and handling their own business expenses.

Permalancing offers some benefits for both the employer and the freelancer. For employers, it provides the flexibility to hire and terminate the freelancer when needed, without the financial and legal obligations of a full-time employee. For freelancers, it provides more stability and steady income than traditional freelance work, without the constraints of a traditional 9-5 job.

Permalancing arrangements can vary widely, and it is essential for both parties to have a clear agreement in place outlining the terms of the arrangement.