Are you tired of the daily grind, feeling like work is taking over your life? Are you longing for more freedom and flexibility? It’s time to explore the world of work-life balance through blogging or traditional employment. In this article, we’ll delve into the pros and cons of each option and help you make an informed decision that aligns with your goals and desires.
Work-life balance is more important than ever, especially in today’s fast-paced world. And while traditional jobs provide stability and benefits, freelancing through blogging offers a unique opportunity to take control of your time and design your own work-life balance.
Throughout this article, we’ll examine the impact of the pandemic on the job market, the advantages and challenges of both freelancing and traditional employment, and the statistics that shed light on the current landscape. We’ll also explore how each path contributes to work-life balance and job satisfaction.
Whether you’re seeking creative fulfillment, more time with loved ones, or the ability to work from anywhere in the world, this article will provide valuable insights to guide your decision-making process. Join us as we uncover the secrets to achieving work-life balance and find the right path for you.
The Impact of the Pandemic on the Job Market
The global pandemic, COVID-19, has had a significant impact on the job market, leading to a sharp increase in the unemployment rate worldwide. In April 2020, the United States experienced an unemployment rate of 14.7%, accompanied by a decline in payroll employment. Similarly, the European Union witnessed a rise in unemployment, with an additional 1.79 million people losing their jobs. This unprecedented situation has forced many companies to lay off full-time employees and seek alternative solutions, such as freelancing.
The uncertainty surrounding the job market has made organizations hesitant to hire permanent employees, opting instead for more flexible arrangements like freelancing. The pandemic has highlighted the importance of adaptability and agility in the face of economic challenges. Freelancers, who are accustomed to navigating unpredictable work environments, have been able to find opportunities and maintain their income during these uncertain times.
As the world continues to navigate the impacts of the pandemic, it is essential to assess the current state of the job market and adapt to the changing landscape. The rise of freelancing as a viable option for both workers and employers underscores the need for flexibility and resilience in employment. By embracing new work models, individuals and organizations can find ways to thrive amidst uncertainty and build a more resilient workforce.
Table: Impact of COVID-19 on Unemployment Rates
| Country/Region | Unemployment Rate |
|---|---|
| United States | 14.7% |
| European Union | 1.79 million additional unemployed |
| Global | Rise in unemployment |
Table: Impact of COVID-19 on unemployment rates in the United States, European Union, and globally.
Freelancing Vs. Traditional Employment Survey Methodology
When it comes to understanding the impact of freelancing and traditional employment on work-life balance, Bunny Studio conducted an extensive survey. The survey methodology aimed to gather impartial results that provide valuable insights into the current freelancing landscape. Let’s take a closer look at how the survey was conducted and what it revealed.
Survey Sample and Composition
The survey included approximately 20% of Bunny Studio’s freelancers, ensuring a diverse sample that covered various demographics, including different age groups and regions. This approach allowed for a comprehensive analysis of the experiences and motivations of freelancers compared to those in traditional employment.
Data Collection and Analysis
To collect the data, Bunny Studio utilized a carefully designed questionnaire that covered various aspects related to work-life balance, income, job satisfaction, and more. The responses were collected through an online platform, ensuring easy access and convenience for the participants. Once the data was collected, it was thoroughly analyzed to identify patterns, trends, and insights.
| Survey Methodology | Survey Sample | Data Collection | Data Analysis |
|---|---|---|---|
| Bunny Studio survey | Approximately 20% of freelancers | Online questionnaire | Thorough analysis of responses |
Key Findings from the Survey
The survey revealed fascinating findings comparing freelancing and traditional employment. It showed that freelancers reported better work-life balance, with 84% expressing greater satisfaction in this aspect compared to their traditional job counterparts. Additionally, the survey found that freelancers earn at least the same income as traditional employees, with 63% earning equal or higher incomes. These insights challenge the assumption that freelancing is driven solely by economic necessity during times of uncertainty.
The survey methodology employed by Bunny Studio provides valuable insights into the freelancing landscape and its impact on work-life balance. By understanding these findings, individuals can make informed decisions regarding their career paths and explore the opportunities offered by freelancing.
Freelancing as a Primary Source of Income: A Long-Term Means for Financial Stability
Many individuals are now turning to freelancing as their primary source of income, viewing it as a long-term means for financial stability. According to a recent survey conducted by Bunny Studio, 69% of freelancers consider freelancing as their main source of income for survival. This finding challenges the assumption that freelancing is primarily driven by necessity during times of economic uncertainty.
Furthermore, the survey revealed that only 26% of freelancers have a traditional job in addition to freelancing, indicating a growing trend of individuals choosing freelancing as their sole means of earning a living. Moreover, an overwhelming 98% of freelancers intend to continue working this way for over a year, emphasizing their commitment to freelancing as a long-term career path.
This shift towards freelancing as a primary source of income underscores the growing prominence and viability of the freelance economy. Freelancers are finding financial security and stability in this dynamic and flexible work arrangement, which offers them the freedom to choose their projects and clients while enjoying a better work-life balance.
Freelancing as a Primary Source of Income
The survey conducted by Bunny Studio provides insights into the increasing popularity of freelancing as a primary source of income. The table below highlights the key statistics on freelancing intent and the changing landscape of work:
| Statistic | Percentage |
|---|---|
| Freelancers considering freelancing as their primary source of income | 69% |
| Freelancers having a traditional job in addition to freelancing | 26% |
| Freelancers intending to continue working this way for over a year | 98% |
These statistics highlight the growing recognition of freelancing as a viable and sustainable career option. With freelancers experiencing greater financial stability and job satisfaction, more individuals are considering freelancing as a long-term means of earning a living.
Statistics on Freelancing Vs. Traditional Employment
When it comes to earning potential, freelancing offers promising results. According to our survey, 63% of freelancers earn at least the same income as their previous traditional jobs. While it may take some time to achieve the same income level immediately after switching to freelancing, 12% of respondents reported earning larger incomes right away. This data suggests that freelancing can be a viable option for those seeking better financial prospects.
In addition to income, the survey also shed light on the work hours of freelancers compared to traditional employees. It was found that freelancers now work fewer hours compared to their previous traditional jobs. This is a testament to the flexibility that freelancing offers. By having control over their schedule and workload, freelancers can find a better work-life balance, ultimately leading to higher job satisfaction.
Table: Income Comparison between Freelancing and Traditional Employment
| Category | Freelancing | Traditional Employment |
|---|---|---|
| Earn at least the same income | 63% | N/A |
| Earn larger income right away | 12% | N/A |
| Work fewer hours | 84% | N/A |
The survey also revealed that freelancing provides better work-life balance, as mentioned by 84% of respondents. This is attributed to the flexibility and freedom that comes with freelancing. Freelancers can choose when and where they work, allowing them to balance their professional and personal lives more effectively. These factors contribute to higher job satisfaction among freelancers, further highlighting the advantages of this career path.
Understanding the Freelancing and Traditional Employment Landscape
When deciding between freelancing and traditional employment, it’s important to understand the advantages and challenges associated with each option. Both paths offer unique opportunities and considerations, and the choice ultimately depends on your individual preferences, lifestyle, and career goals.
Advantages of Freelancing: Freelancing provides flexibility in work arrangements, allowing you to choose when and where you work. This flexibility enables better work-life balance, as you have the autonomy to design your own schedule. Freelancing also offers the potential for higher earnings, with 63% of freelancers earning at least the same income as their previous traditional jobs. Additionally, freelancers have the opportunity to work on diverse projects, gaining different skills and experiences.
Advantages of Traditional Employment: Traditional employment offers stability, with a consistent paycheck and benefits such as health insurance and retirement plans. Companies often provide structured career pathways, allowing employees to advance and grow within the organization. Traditional employment also provides social interaction and a sense of belonging, which can contribute to overall job satisfaction.
Challenges: Both freelancing and traditional employment come with their own set of challenges. Freelancers may face the uncertainty of inconsistent work and income, especially when starting their career. They are also responsible for managing their own taxes, health insurance, and retirement contributions. Traditional employment may have less flexibility in work arrangements and limited opportunities for entrepreneurial growth. It’s important to carefully consider these challenges and evaluate how they align with your own priorities and goals.
| Advantages of Freelancing | Advantages of Traditional Employment | |
|---|---|---|
| Flexibility | Choose your own work schedule | Structured work hours |
| Earnings Potential | Potential for higher income | Stable paycheck |
| Skills Development | Work on diverse projects, gain different skills | Structured career pathways |
| Work-Life Balance | Flexible schedule, better control over workload | Social interaction, stability |
| Challenges | Inconsistent work and income, managing own benefits | Less flexibility, limited entrepreneurial growth |
Understanding the landscape of freelancing and traditional employment is crucial in making an informed decision. Consider your personal preferences, financial needs, and career goals when weighing the advantages and challenges of each path. Whether you choose freelancing or traditional employment, both options have the potential to provide fulfilling and rewarding experiences.
Career Pathways: Set Or Winding?
When it comes to career development, there are different paths to choose from, both in freelancing and traditional employment. Traditional employment often offers structured career pathways within an organization, providing employees with the opportunity to advance and grow. This can be appealing for those who prefer a clear and defined trajectory in their professional journey. However, freelancing offers a more winding, entrepreneurial path, where individuals have the freedom to work on diverse projects and gain a range of skills.
In freelancing, you have the autonomy to choose your clients and projects, allowing you to shape your career development according to your interests and goals. This flexibility can be exciting for those who value variety and the opportunity to constantly learn and adapt in their work. With each project, you can explore new industries, expand your skill set, and build a diverse portfolio that showcases your expertise.
If you thrive on independence and enjoy the challenge of navigating your own career path, freelancing may be the right choice for you. It offers the freedom to chart your own course, take risks, and pursue opportunities that align with your passions. However, if you prefer a more structured and predictable career progression, traditional employment may provide the stability and clear trajectory you seek.
| Freelancing | Traditional Employment | |
|---|---|---|
| Advantages |
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| Challenges |
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Ultimately, the choice between a set career path in traditional employment or a more winding journey in freelancing depends on your individual preferences and goals. Consider your desire for flexibility, autonomy, and variety, as well as the stability and benefits provided by traditional employment. Reflect on your career aspirations and what you value most in your professional life. By understanding your priorities, you can make an informed decision that aligns with your long-term career satisfaction.
Flexibility in Work Arrangements
Flexibility is a key factor to consider when deciding between freelancing and traditional employment. Freelancers have the advantage of being able to choose their work schedule, allowing them to tailor it to their preferences and needs. Whether you’re a night owl or an early bird, freelancing offers the freedom to work when you’re most productive. This flexibility also extends to the location of work, as freelancers have the option to work from the comfort of their own homes or while traveling.
In contrast, traditional employment often requires fixed working hours and limited flexibility. You may find yourself adhering to a strict 9-to-5 schedule, leaving little room for personal commitments or a work-life balance. The lack of flexibility in traditional employment can be a challenge for individuals with specific needs or obligations outside of work.
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Flexibility Comparison: Freelancing vs. Traditional Employment
| Freelancing | Traditional Employment | |
|---|---|---|
| Work Schedule | Flexible; you choose when to work. | Rigid; fixed working hours. |
| Location | Work from anywhere; home or while traveling. | Fixed location; office or specified workplace. |
| Personal Commitments | Easily accommodate personal obligations. | Restrictions on personal commitments during working hours. |
| Work-Life Balance | Greater potential for work-life balance. | Challenges in achieving work-life balance due to fixed schedules. |
As highlighted in the comparison table, freelancing offers enhanced flexibility in both work schedule and location. This allows you to design a work-life balance that suits your individual needs. Additionally, freelancing provides the opportunity to easily accommodate personal commitments without compromising work responsibilities.
However, it’s important to note that traditional employment may offer stability and other benefits that freelancing may not provide. It ultimately comes down to personal preferences and priorities. Consider your work style, lifestyle, and long-term goals when making the decision between freelancing and traditional employment.
Financial Considerations in Freelancing vs. Traditional Employment
When deciding between freelancing and traditional employment, it’s essential to consider the financial implications of each option. Both paths offer unique advantages and challenges, particularly in terms of financial stability and income consistency.
In traditional employment, individuals often enjoy the security of a consistent paycheck and benefits such as health insurance and retirement plans provided by the employer. This stability can provide peace of mind and a sense of financial security.
However, freelancers may experience inconsistent income due to the nature of their work. While freelancing allows for potentially higher earnings in the long run, the irregularity of work can lead to fluctuations in income. It’s crucial for freelancers to manage their own taxes, health insurance, and retirement contributions, which requires careful financial planning and budgeting.
Ultimately, the decision between freelancing and traditional employment should take into account individual financial needs and goals. Freelancers should consider their capacity to handle income variability and take proactive steps to ensure stable financial well-being. Traditional employees should assess the importance of stability and employer-provided benefits in their financial planning.
Benefits Coverage Across Both Paths
When considering whether to pursue freelancing or traditional employment, it’s important to weigh the benefits offered by each option. While traditional employment often includes benefits such as health insurance and retirement plans provided by the employer, freelancers need to arrange and cover their own benefits. However, freelancers have the flexibility to choose the benefits that suit them best and can find affordable options.
While freelancers may face the challenge of arranging their own benefits, they have the opportunity to tailor these benefits to their specific needs. Freelancers can choose the level of coverage or retirement plan that aligns with their financial goals and personal circumstances. This level of control is not always possible with traditional employment, where benefits are often standardized and may not cater to individual needs.
It’s important to consider the value of benefits and personal priorities when deciding between freelancing and traditional employment. While traditional employment offers the convenience of employer-provided benefits, freelancers can create a benefits package that meets their specific requirements. Understanding your financial needs and goals is vital in determining which path will provide the most comprehensive coverage for you.
Finding Work Opportunities
Whether you choose to pursue freelance work or traditional employment, finding work opportunities requires different approaches. As a freelancer, you have the flexibility to actively search for clients and build your own client base. This may involve networking, reaching out to potential clients, or utilizing online platforms that connect freelancers with businesses seeking their services. It’s important to showcase your skills and expertise, as well as consistently deliver quality work to attract and retain clients.
In traditional employment, the process of finding job opportunities typically involves submitting applications, attending interviews, and competing with other candidates. Job search websites and recruitment agencies can be valuable resources for exploring available positions. Building a strong resume and cover letter, as well as networking within your industry, can also increase your chances of securing a traditional job.
Both freelancing and traditional employment offer unique opportunities for finding work, and the right approach depends on your preferences, strengths, and networking abilities. By understanding the different methods for finding work opportunities, you can make informed decisions that align with your career goals.
Table: Comparing Approaches to Finding Work
| Freelancing | Traditional Employment | |
|---|---|---|
| Approach | Actively search for clients and build a client base | Submit applications, attend interviews, and compete with other candidates |
| Networking | Important for building connections with potential clients | Helpful for making professional connections within your industry |
| Online Platforms | Utilize websites and platforms to connect with businesses seeking freelancers | Job search websites and recruitment agencies can help identify available positions |
| Building a Professional Profile | Showcase your skills and expertise to attract clients | Develop a strong resume and cover letter to stand out to employers |
- Freelancing allows you to actively search for clients and build your own client base.
- Traditional employment involves submitting applications, attending interviews, and competing with other candidates for job opportunities.
- Networking is essential in both freelancing and traditional employment, but the context may differ.
- Online platforms connect freelancers with businesses seeking their services, while job search websites and recruitment agencies help identify available positions.
- Developing a strong professional profile, whether through showcasing skills and expertise or creating an impressive resume and cover letter, is crucial in both paths.
Remember, finding work opportunities is an ongoing process that requires persistence, adaptability, and continuous improvement. By actively seeking out potential clients or job openings, networking effectively, and presenting yourself professionally, you can increase your chances of success in both freelancing and traditional employment.
Work-Life Balance & Job Satisfaction
The pursuit of work-life balance and job satisfaction is a universal goal, regardless of whether you choose freelancing or traditional employment. Both paths offer unique advantages and considerations that can impact your overall well-being. Let’s explore how work-life balance and job satisfaction play out in the realms of freelancing and traditional employment.
The Flexibility Factor
One of the key attractions of freelancing is the flexibility it provides. As a freelancer, you have the freedom to define your own work schedule and choose where you work from. This level of autonomy allows you to prioritize personal commitments, spend more time with loved ones, and engage in activities that bring you joy. It’s this sense of control over your work-life balance that can contribute to higher job satisfaction.
Finding Meaningful Work
Freelancing offers the opportunity to pursue work that aligns with your passions and values. You have the freedom to choose projects that resonate with you, which can contribute to a greater sense of fulfillment in your career. In contrast, traditional employment may not always provide the same level of flexibility and choice in the type of work you do. The ability to pursue meaningful work is a key driver of job satisfaction for many freelancers.
Weighing Stability and Social Interaction
While freelancing offers greater flexibility and autonomy, traditional employment often provides stability and a sense of belonging within a structured work environment. Traditional jobs offer the opportunity for social interaction with colleagues, which can contribute to job satisfaction. Additionally, the stability of a regular paycheck and benefits such as healthcare and retirement plans can provide a sense of security that some freelancers may find lacking.
| Freelancing | Traditional Employment | |
|---|---|---|
| Flexibility | High | Varies depending on the job |
| Choice of Work | High | Limited to job requirements |
| Stability | Varies | High |
| Social Interaction | Varies | High |
| Benefits | Varies | Provided by the employer |
Ultimately, the choice between freelancing and traditional employment depends on your personal priorities and goals. Understanding the importance of work-life balance and job satisfaction to your overall well-being is crucial in making an informed decision. Assess your needs, consider your career aspirations, and listen to your intuition to determine the best path for you.
Coping with Inconsistency: Irregular Work and Financial Security
One of the challenges freelancers face is dealing with inconsistent work and income. Unlike traditional employment, where individuals receive a consistent paycheck, freelancers often experience fluctuations in their workload and earnings. This can be attributed to factors such as project availability, client demands, and market conditions. While irregular work can be a source of stress, it is important to note that many freelancers navigate this challenge successfully and achieve financial security over time.
Building a client base and managing cash flow are crucial aspects of freelancing. Initially, it may take time to establish a steady stream of clients and projects. However, as freelancers gain experience, develop their skills, and build a reputation, they often see an increase in demand for their services. This can lead to a more predictable workload and a more stable income. It’s important for freelancers to persevere through the initial stages and leverage networking, marketing, and professional development opportunities to build a sustainable freelance career.
Despite the inconsistency, freelancing offers unique advantages when it comes to financial security. Freelancers have the ability to diversify their income streams by working with multiple clients or taking on different types of projects. This can help mitigate the risk of relying solely on one source of income. Additionally, freelancers can proactively plan for periods of lower workload by setting aside funds during high-income periods. This financial flexibility allows freelancers to weather potential downturns and maintain stability in their finances.
Table: Freelancing Vs. Traditional Employment – Financial Considerations
| Freelancing | Traditional Employment | |
|---|---|---|
| Income | Inconsistent, but potential for higher earnings | Stable, with regular paychecks |
| Financial Responsibility | Self-managed taxes, insurance, retirement contributions | Employer-provided benefits (health insurance, retirement plans) |
| Financial Security | Can vary initially, but potential for increased security and higher earning potential in the long run | Stable income, but limited potential for significant growth |
In conclusion, coping with the inconsistency of irregular work and income is a central aspect of freelancing. While it presents its challenges, freelancers who navigate this uncertainty often find financial security and the potential for higher earnings. By building a strong client base, managing cash flow effectively, and diversifying income sources, freelancers can create stability in their finances over time. It’s important to weigh these considerations when deciding between freelancing and traditional employment, taking into account personal financial goals and risk tolerance.
Choosing the Right Path: Freelancing or Traditional Employment?
When it comes to deciding between freelancing and traditional employment, there are several factors to consider. Both paths offer unique benefits and challenges, so it’s important to make an informed decision based on your individual preferences, lifestyle, and career goals. Here, we’ll explore the key considerations that can help you determine the right path for you.
Flexibility and Autonomy
Freelancing offers unparalleled flexibility and autonomy in your work arrangements. You have the freedom to choose when and where you work, allowing you to tailor your schedule to fit your life. This level of flexibility can be especially beneficial if you have personal or family commitments that require a non-traditional work schedule. On the other hand, traditional employment often requires fixed hours and limited flexibility. If having a structured routine and set work hours is important to you, a traditional job may be the better fit.
Financial Considerations
Financial stability is a crucial factor to consider when making this decision. Traditional employment often provides a consistent paycheck and benefits such as health insurance and retirement plans. However, freelancers may experience inconsistent income due to the nature of their work. While freelancers have the potential to earn more in the long run, they also need to manage their own taxes, health insurance, and retirement contributions. It’s essential to assess your financial needs and goals to determine which path offers the level of stability and potential income you’re comfortable with.
| Freelancing | Traditional Employment | |
|---|---|---|
| Flexibility | High | Low |
| Financial Stability | Varies | High |
| Benefits | Self-arranged | Provided by employer |
Work-Life Balance and Job Satisfaction
Work-life balance and job satisfaction are closely linked to overall happiness and fulfillment in your career. Freelancers often report better work-life balance compared to traditional employment, thanks to the flexibility to control their own schedule and work from different locations. Freelancers also have the freedom to choose meaningful work and have more control over their workload. However, traditional employment offers social interaction and stability that can contribute to job satisfaction. It’s crucial to assess your priorities and determine which factors are most important to you in achieving a healthy work-life balance and job satisfaction.
Choosing between freelancing and traditional employment is a significant decision. By considering factors such as flexibility, financial considerations, and work-life balance, you can make an informed choice that aligns with your goals and priorities. Remember, there is no one-size-fits-all answer, and what works for others may not work for you. Take the time to assess your needs and preferences, and embrace the path that will lead you to a fulfilling and balanced professional life.
Conclusion: Embracing Work-Life Balance
Achieving work-life balance is a priority for many individuals, and both freelancing and traditional employment can offer different paths towards this goal. Freelancing provides flexibility and the opportunity to design your own work-life balance, while traditional employment offers stability and benefits. It’s important to understand personal priorities and make an informed decision based on individual needs and goals. By embracing work-life balance, you can create a fulfilling and sustainable career.
The Benefits of Freelancing for Work-Life Balance
Freelancing allows you the freedom to set your own schedule and work from anywhere. This flexibility gives you the power to create a work-life balance that suits your needs. Whether you’re a parent looking to spend more time with your children, an adventurer wanting to travel while working, or someone who simply values having control over your own time, freelancing can provide the flexibility you crave.
Furthermore, freelancing offers the opportunity to pursue meaningful work. You can choose projects that align with your passions and values, allowing you to find fulfillment in your career. When your work is fulfilling, it contributes to a greater sense of overall life satisfaction, enhancing your work-life balance.
The Advantages of Traditional Employment for Work-Life Balance
On the other hand, traditional employment provides stability and benefits that can greatly contribute to work-life balance. A steady paycheck, health insurance, and retirement plans offered by employers can provide a sense of security and peace of mind. Traditional jobs often provide a structured work environment with clear boundaries between work and personal life, making it easier to maintain a healthy work-life balance.
In addition, traditional employment offers social interaction and a sense of belonging. Working in a team and having colleagues can provide a support system and opportunities for collaboration, which can enhance job satisfaction and overall well-being. For those who thrive in a structured environment and value the camaraderie of coworkers, traditional employment may be the ideal choice for achieving work-life balance.
Choosing the Right Path for Work-Life Balance
Ultimately, the decision between freelancing and traditional employment comes down to personal preferences and goals. Consider your own priorities and what matters most to you in terms of work-life balance. Reflect on whether you value flexibility and autonomy or stability and benefits. Assess the type of work that brings you fulfillment and the environment in which you thrive.
Remember, there is no one-size-fits-all solution. Work-life balance is a unique journey for each individual, and finding the right path requires careful consideration. Whether you choose freelancing or traditional employment, the key is to create a balance that allows you to lead a fulfilling and meaningful life both inside and outside of work.
About Bunny Studio
Bunny Studio is a creative fulfillment platform that connects businesses with a global talent pool of skilled freelancers. Whether you need voice and audio ad production, writing services, design work, or more, Bunny Studio has you covered. Our platform enables businesses to access high-quality content with fast turnaround times.
For freelancers, Bunny Studio offers a world of opportunities to showcase your talents and work on exciting projects. We believe in providing a platform where freelancers can thrive and achieve their creative potential. Join our community of talented professionals and take your career to new heights.
At Bunny Studio, we are dedicated to providing excellent service to both freelancers and businesses. Our goal is to match the right talent with the right project, ensuring that every client’s needs are met. Whether you’re looking for creative services or seeking freelance opportunities, Bunny Studio is here to help. Explore our website to learn more about our platform and the services we offer.