Are you still on the fence and thinking about hiring freelancers? We understand that outsourcing your personnel can be intimidating. Face-to-face engagement may be lost. You could be wary of them because what if they don't work when they say they will? Also, how much more or less will it cost to hire a freelancer?
Working with freelancers is also a part of embracing the future. Here are a few reasons why you shall hire freelancers for your company:
More people than ever before earn money in unconventional ways, from part-time remote jobs to full-time freelancing. According to recent research, more than one-third of Americans worked as freelancers in 2018, up 3.7 million from 2014. In Europe, too, the number of self-employed people has risen dramatically in the previous decade.
In this globalized and digitalized world, the way we think about work and employment is changing dramatically. Both individuals and businesses face opportunities and threats as a result of this.
Freelancers, on average, may complete the same amount of labor for less money. The average income for a social media manager, for example, is slightly under $60,000 per year, according to Glassdoor. For a freelancer who is working 40 hours a week, such a salary equates to about $28.85 per hour. Because you're not paying for downtime, you're likely to be able to hire a freelancer to achieve the same amount of workload in less than 40 hours a week. Lunch breaks, restroom breaks, and other workplace distractions all add up to more money spent.
A gig worker who works full time is only productive for 2.5–3 hours every day, according to a Vouchercloud study. Employees use social media, take lunch breaks, read news websites, go to the kitchen for a snack/coffee break, text/email friends and family, search online, schedule doctors' appointments, and take paid vacations. When you make the decision to hire a freelancer, you only pay for the time they actually spend working. Assume that employees spend 15 hours per week on the aforementioned miscellaneous activities. That means a freelancer may finish the same amount of work in 25 hours rather than 40. At a rate of $28.85 per hour, that works out to $37,505 per year.
A freelancer helps you save money on overhead, office space, equipment, training, health insurance, and on-premises resources when compared to full-time staff.
That is not even including the time lost at work. According to a Vouchercloud study from 2016, the average office worker in the United Kingdom is only productive for 2 hours and 53 minutes every weekday. The rest of the time is spent on social media and news websites, talking with coworkers about non-work-related issues, and having coffee and smoke breaks.
A freelancer might accomplish the same thing during the workday, but they won't be paid for it. Unless you pay them an hourly rate, in which case they will have a stronger motivation to do their work faster than a full-time employee who is required to work for 8 hours a day.
Consider a freelancer to be a restaurant. A restaurant that provides excellent food and service in a fair amount of time will prosper. A restaurant that does not will most likely close within months.
Freelancers rely on their reputations to survive. They are driven to do a great job and produce results quickly. They do it not because they are superhuman but because it is how they make a living. Furthermore, we believe that people who are extremely self-motivated are more inclined to become freelancers in the first place.
It's nearly impossible to locate all of the skills you require at any given time inside your crew, no matter how wisely you hire.
You might have an employee who studied French while in school. Will they be able to communicate with a French client in a professional manner? Most likely not. You will need the services of a professional translation.
Freelancers are experts in their respective industries. They've worked for a variety of clients and amassed a diverse set of skills in a variety of fields. You may not require their services on a regular basis, but they could be invaluable for special initiatives. And your contract with them expires after the project is completed.
Better client relations
Freelancers, on the whole, have a lot more on the line than regular employees. Client success stories, fantastic reviews, and word-of-mouth referrals are all essential components of a freelancing profession. Furthermore, freelancers do not want to risk losing a source of revenue. Given this reality, freelancers strive to succeed in every manner imaginable, which usually results in improved client relations.
Freelancers frequently work for a variety of companies and perform a variety of tasks, allowing them to develop a diverse set of talents. Freelancing is a talent in and of itself because it teaches you how to manage your time and be your own boss. Because they have had the opportunity to connect with a variety of companies, freelancers bring a plethora of information to the table. They may be able to supply unique insight that can aid in the success of your company.
You are flexible and agile
On the other hand, in-house personnel are likely to be juggling multiple freelancing projects at any given moment and would find it difficult to make room for yet another project.
Workload fluctuates in many firms. During hectic periods, your team works tirelessly to remain on top of things. Other times, even though the money is the same, there is just less work to be done.
When you work with freelancers, you have greater flexibility. Let's say the freelancer you hired falls short of your expectations. So, you can quit working with them right now. Alternatively, if a company is booming and you require additional resources, you can engage freelancers for as long as you require it.
As a result, these considerations explain why freelancers' return on investment (ROI) might be much higher than that of full-time staff at times. Even when all expenditures are included, this is true for freelancers who charge high fees.
Micromanaging is one of the most destructive habits an executive can have, according to Forbes. It has a negative impact on production, morale, and overall business performance. One of the unintended consequences of hiring remote workers is that you will be less tempted to supervise them. When you can't walk by his or her desk every 10 minutes, you won't ask a million inquiries.
You are a priority
You will be one of many if you hire an agency to work on your projects for you, whereas freelancers will always work to make you a priority. Freelancers will respond fast to your questions and make immediate changes to your tasks. You'll never wonder why something went wrong or why nothing was ever done about it. Companies will only delight high-profile clients or those who pay more money, leaving the rest of their customers with bad work done by mediocre employees. Hiring a freelancer for your assignments is advantageous because you will never be at the bottom of the list.
You will never have to worry about a misunderstanding issue after you have hired the freelancer you want to execute your job. Your issues and concerns will be addressed immediately, and you will have greater control over the project's completion. Going through a firm may appear to be a simple solution because it appears to be more professional, but your problems and anxieties will only be filtered through and completely addressed if they consider it a priority. Depending on the account manager who administers your account, you may never be able to speak with a head person over your account or even the person working on your project.