How Can You Make Sure You Get Paid On Time? Introducing "Working Overtime" from Slate
Jul 4, 2024
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Join hosts Ronald Young Jr. and June Thomas as they share tips on how freelancers can ensure timely payments. They discuss challenges like complex invoicing procedures, delays in payments, and the importance of clear payment terms in contracts. Tune in to learn how to navigate payment challenges and secure steady income as a freelancer.
17:24
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Quick takeaways
Securing anchor jobs for consistent income is crucial for managing finances as a freelancer.
Proactively discussing payment terms in contracts and understanding organization's payment systems minimizes delays in getting paid.
Deep dives
Challenges of Freelance Payment Timeliness
Freelancers often face challenges in receiving timely payments, with delayed or complicated payment processes from organizations causing frustrations. Delays in payment, extending past industry standards like net 30 days to even 60 days or more, impact freelancers' financial stability and stress levels. Managing finances between irregular paychecks can be addressed by securing anchor jobs which provide a consistent income stream, enabling freelancers to pursue higher-risk opportunities.
Negotiating Payment Terms in Contracts
Proactively discussing payment frequencies and timelines in freelance contracts is essential to ensure smoother financial transactions. Clarifying payment procedures, invoicing requirements, and upfront payment percentages helps freelancers maintain financial stability and predictability. Understanding the organization's payment systems and requirements minimizes delays and uncertainties related to getting paid.
Advocating for Fair Payment Practices and Resources
Advocating for fair payment practices is crucial in addressing delayed payments and improving freelancers' financial security. Sharing experiences of delayed payments with colleagues and resources like the Freelancers Union can help freelancers navigate payment disputes and access support. Leveraging organizations like the Association of Independence and Radio provides freelancers with resources on fair rates, contract negotiations, and essential tools for freelance success.
As a freelancer or gig worker, how can you make sure you get paid on time? In this special presentation of Working from Slate Podcasts, hosts Ronald Young Jr. and June Thomas talk money, finances, and getting paid as a freelancer in a tough economy. They recount their own frustrating experiences with not getting paid on time and offer tips on how avoid those situations.
Listen to Working wherever you get your podcasts. Learn more at https://slate.com/podcasts/working
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