Since the advent of the Internet, the ability for businesses to hire freelancers as opposed to full-time or part-time employees has greatly increased – much to the benefit of businesses everywhere. While freelancers aren’t suited for every job and position, hiring them for the ones they are suited for comes with some major advantages. In this article, we’ll take a look at some of the top advantages of hiring freelancers for your business.
Contract Labor Vs Employees
When you hire a freelancer, they are considered contract labor as opposed to being considered an employee. This comes with a number of advantages. For one, employers are not required to supply any costly benefits such as health care to contract labor. They are also not required to pay social security on the income of a contract labor freelancer, which would equate to about an additional 7.5% of the individual’s wages if you were paying an employee. There are also much less rules and regulations concerning contract labor. Freelancers can be hired and fired as you wish with almost no hassle and red-tape involved.
Many times, the hassle and expense associated with hiring an employee outweighs a business’s need for that employee. With freelancers, though, you can skip over almost all of that hassle and expense.
A Wider Range of Options
Interviewing potential employees in your area is almost certain to yield less candidates than posting up a job for freelancers all over the world to apply to. If your project does not require an employee to be on site, hiring a freelancer enables you to open it up to freelancers everywhere. This wider range of options not only gives you more candidates to choose from – increasing the odds you will find one who is the perfect fit – it also allows you to explore more options in regards to the wages you will pay as well.
At the end of the day, more options is always better than less options, and hiring a freelancer will give you all the options that you need and more.
Freelancers Excel at Short-Term Projects
It’s hard to justify hiring an employee for a project that will only take a few weeks to complete. However, many businesses often find themselves needing someone to complete short-term projects such as this. The good news is that freelancers make their living with short-term projects and are perfectly suited to get them done.
Say, for instance, that you need content written for your website, but don’t intend to produce much content after that. Hiring a full-time or even part-time copywriter, in this instance, would not be prudent. However, hiring a freelancer for this one-off project is a perfect solution. Should you need to produce more content after the initial project, you can always go back to them again. In the meantime, though, you are not having to pay the wages of someone who you have no work to assign for long periods of time.
A successful freelancer who has been in the business for several years will likely have worked with dozens if not hundreds or thousands of different individuals and companies of all sizes. They bring with them a broad range of experience that many traditional employees lack.
While there is some benefit to working with one company for a long time and learning it inside out, there’s also plenty of benefits to working with many different companies, picking up invaluable information, tips, and strategies from them along the way. Hiring a freelancer allows you to leverage the knowledge and experience of someone who has likely worked under a multitude of successful companies and put that experience to work for your business.
Freelancers, more than any other type of employee, are fully accustomed to working solo. They aren’t able to rely on extensive training, mentors, and the experience of their coworkers, and therefore they typically require much less hand-holding than a new employee. If you want someone who will hit the ground running from the very start of your project as opposed to someone who is used to relying on others to assist them, then hiring a freelancer is the way to go.
Speed of Delivery
Good freelancers know it is in their best interest to deliver results quickly. This is especially true if you choose to pay your freelancer a set wage based on the project as opposed to an hourly rate. There is no benefit for a freelancer to drag their feet and juice the clock. Instead, successful freelancers make their living by doing great work and doing it fast. If you need a project delivered quickly, leave it to a freelancer to get it done in as little time as possible.
Quality of Work
Good freelancers have plenty of incentive to deliver high quality work. When you hire a freelancer, both their reputation and their chances of getting repeat business from you are on the line. Reputation and repeat business are things that successful freelancers live by, and they know that the only way to secure these two things is to go above and beyond expectations.
This isn’t to say that standard employees are not incentivized to do good work, it’s just that freelancers have even more incentives. Freelancers can’t rest on the merits of being hired and given a salary, knowing that they have a job so long as they don’t do anything that warrants them being fired. Freelancers, on the other hand, must continually deliver exceptional work or risk their client bailing on them after one project and/or leaving them a poor review. Successful freelancers realize this, and, if anything, they strive to over-deliver with every project they take on.
Most freelancers are much more flexible than a standard employee. While they often take as much or more time off as anyone else, they’re also known to work at odd hours, on the weekends, and over the holidays. While you may wish to ask your freelancer upfront what hours and days they are willing to work, you’ll likely find it much easier to hire a freelancer who will work during odd hours than an employee who is willing to work those same hours.
Freelancers and Employees Work Great in Tandem
Most businesses need full-time and part-time employees. The way the majority of businesses operate, replacing your employees entirely with freelancers is not a viable solution. Instead, the best way to get the most benefit out of both your employees and your freelancers is to have them work in tandem.
For instance, if you have a large, one-time project that is taking up all of your employees’ time, you may wish to hire a freelancer to complete it so that your employees are able to go about their day to day tasks. Or, if you have a project that requires a specific expertise that none of your employees have, hiring a freelancer enables them to stay focused on what they are best at while the freelancer does what they do best.
Hiring freelancers and employees who work in tandem is the business model of the future, and it’s one that many companies are already using with extraordinary results.