With its lively and active culture, freelancing has attracted many entrepreneurs and professionals. Hiring freelancers could be the answer you’re looking for to grow your business when you need expert support, don’t want to provide extra space for prospective employees, save money for other activities, or have a tight deadline.
If you’re a business owner or have a decision-making role in a company, you may have questions about the benefits of hiring freelancers. This article will present you with 15 reasons why you should hire a freelancer instead of looking for a new employee.
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Why should you hire freelancers?
In recent years, especially after the outbreak of the COVID -19 pandemic and the need to work remotely for health reasons, freelancers and the culture of freelancing have become very popular among both large and small companies. In the near past, it wasn’t easy to find highly skilled professionals if your company wasn’t located in a prestigious place like Silicon Valley. But now, professionals and companies have recognized the benefits of freelancing as the work culture moves toward remote work.
As we have mentioned in our ultimate guide about freelancing, both companies and freelancers benefit significantly from working together as independent contractors. Freelancers can set their working hours, conduct business from any location, and choose the jobs they want to take on. And companies benefit from this collaboration because they can hire experienced professionals at a lower cost than a full-time employee.
Why do companies hire freelancers?
Hiring freelancers is becoming increasingly common among companies, allowing them to save costs, bring in the best professionals in their field, and benefit from such a move’s flexibility. Imagine a start-up business with a limited budget and goals to reach. According to the limited budget, a freelance team of must-have roles for a start-up, such as freelance marketing strategists, product marketing managers, business developers, accountants, and customer service administrators, can get the business on track without overhead costs.
- Since you don’t need the services of a freelancer every day and fewer resources are required for them, hiring a freelancer is much cheaper.
- Since many freelancers work remotely, no unique space is required for them.
- A long-term contract is unnecessary since they only take on projects with a set deadline.
- Employers do not even have to pressure freelancers to complete a job, as they are self-motivated professionals who work hard to protect their reputations.
- Freelancers often have flexible working hours. Flexible working hours allow them to complete their tasks outside of office hours, which benefits their employers.
- Hiring freelancers also saves time because freelance talents are already trained to do the work.
- Since they are often paid hourly and must complete projects within the deadline to receive compensation, they tend to stick to it very well.
Benefits of hiring freelancers for businesses
Hiring freelancers is a wise decision for almost any company or individual for the many reasons we have already highlighted.
However, if we want to summarize the reasons why companies hire freelancers, we come up with the following 15 benefits:
- It saves you money and lowers the overall cost of your business.
You may not realize how expensive hiring an employee is. Besides the employee’s fixed, regular salary, there are additional, unseen costs. Hiring freelancers can help your business significantly reduce costs in seven main ways:
- Office costs:
Because freelancers often work remotely, you don’t have to give them access to equipment, machinery, software, and workspace. For example, freelance virtual assistants are one of the most wanted freelancers. According to the wide range of virtual assistants’ responsibilities, they can play many roles for your organization remotely, like an all-in-one employee.
- Payroll costs
When you hire a freelancer, you only have to pay the agreed fee for the work. There is no need to worry about payroll or employer contributions. The most common project-based freelancers are freelance programmers and mainly software developers. Companies can easily outsource software, application, or website development to project-based freelancers. In case of any issues, they can contact the freelancer post support services or hire a freelance debugging specialist to take care of them.
- Project costs
Since both parties have discussed the contract in advance, you can determine the exact amount of payment and associated costs before the project begins.
- Employee downtime costs
Full-time employees have a lot of unproductive work time that you pay for. They’re texting loved ones, surfing the web, taking lunch or coffee breaks, answering messages, scheduling doctor’s appointments, and taking paid vacations. When you hire freelancers, you only pay for their work time; you’re not responsible for funding their time off.
- Business taxes
You might also consider freelancers’ services a business expense, so you can deduct them from your taxes since you’re only paying for their services.
- Benefit costs
Since freelancers aren’t officially salaried employees, you don’t have to provide them with benefits such as life insurance, paid sick days, retirement benefits, dental care, etc.
- Hiring and training costs
It costs you much less to hire a freelancer than to employ permanent staff that your company may not need once a project is completed.
2. You save time and energy for yourself and HR.
Every entrepreneur knows the value of their precious time. They also see the length of the hiring process. It’s always tedious, whether for a full or part-time position. Finding someone who can handle various tasks and align with the company’s goals can take several months. On the other hand, the hiring process for freelancers takes only a few days, maybe even a few hours.
Freelancers are usually prepared and trained from day one and are capable of performing their tasks. Since they typically don’t work for the company for long, they don’t have to familiarize themselves with its culture and procedures.
3. Freelancers don’t need to be constantly supervised and pushed.
Freelancers can also play an essential role in helping you and your team to avoid unwanted difficulties because you probably won’t have to supervise them as much as your permanent employees.
Primarily because they work for themselves, freelancers often require less administration. Numerous projects – possibly hundreds – have probably been completed by them. They can tackle a job quickly, wisely, and without much guidance.
4. There is no long-term commitment.
When a company hires a full-time employee, it also assumes responsibility for their financial well-being and expectation of long-term employment stability. Independent contractors can be hired temporarily for a specific time and assist with ongoing tasks for particular deadlines and goals. Working with self-employed talents like freelancers gives companies more advantages when hiring freelancers.
5. Freelancers usually have more skills and experience.
When you hire freelancers, they bring vast experience and expertise to the projects. As freelancers, they’ve previously developed their specific skills at other businesses and are professionals in their field.
Freelancers have a wealth of experience because they’ve had the opportunity to work on various projects and deal with a diverse range of businesses. So when you hire a freelancer, you can benefit from a broader range of skills and abilities.
6. Freelancers do their best to produce high-quality work.
Freelancers often deliver high-quality work because they have a wide range of experience and are essential to their livelihood. Before hiring a freelancer, you have the opportunity to review their portfolio of work, read client testimonials, and do an interview to ensure they’re a good fit for you.
Freelancers usually compete for projects, so you can look for people who can provide your business the time and care it needs. Freelancers improve their reputation, expand their portfolio, and increase their chances of getting a job or referrals when completing a project successfully.
7. You can assemble your team members based on the project’s needs.
As mentioned above, you can hire freelancers for specific tasks. Hiring freelancers seems to be an excellent choice if you only need support on a project-by-project basis. Finding one person who is the right match for each campaign can be difficult when several projects are underway.
Freelancers are the best choice to step in when you face a sudden flood of work. When a project is completed, they can move on, and you can start working on the next project. Freelancers are comfortable working for short periods, and their typical workload consists of short-term projects.
8. You can allocate time and budget according to project needs.
You can allocate time and budget according to project requirements and hire freelancers according to the allocation of each job. Moreover, you can always find the perfect skills as the pool of freelancers includes both beginners and professionals.
When you work with a freelancer, you can specify the hours you need their services and tell them the exact duration required for each project. Freelancers are usually quite flexible as they move from project to project.
9. They bring time flexibility to your projects.
Since freelancers come from different parts of the world, they have flexible working hours and can often adapt to different time zones. They are usually easy to reach online, so they can offer their services whenever you need them.
Also, remember that freelancers often work conveniently, which is one of the reasons they stay in this line of work.
10. With freelancers, your projects will be completed faster and on time.
A freelancer can complete your projects more efficiently and faster than a permanent employee. As a rule, employers expect permanent employees to work on multiple jobs simultaneously, which often slows down the work and causes delays. On the other hand, freelancers often focus on one project at a time, resulting in higher productivity and faster completion of projects.
11. You can choose from a large pool of talent from all over the world.
If you are trying to hire a freelancer, you are probably looking for someone with specific skills that your current employees do not have to the extent needed for the project. A limited pool of candidates is tapped into when you choose a new full-time employee. They should either already live in the area where you are hiring them or be prepared to move there quickly.
Since most freelancers run their businesses from their homes, they can work from anywhere. This way, you are not limited to your local area when looking for a new team member. Your company can access the best talent from all over the world by hiring freelancers.
12. You are no longer faced with the risk of employees leaving the company.
When you recruit, you make a financial commitment to a full-time employee’s future with the company. Training them takes time and money, and there is usually some risk of losing them.
Hiring freelancers allows you to negotiate a contract with specific performance criteria before you make payment. You avoid wasting that investment if permanent employees leave their jobs. In addition, hiring a freelancer lowers risk because you can make adjustments without affecting corporate procedures.
13. You can increase the diversity of your business by hiring freelancers.
Typically, while searching for employees in a particular location, you will find people with nearly identical backgrounds, experiences, and lifestyles. In contrast, you might come across people from diverse backgrounds and cultures when hiring freelancers from other parts of the world. The diversity of cultures and backgrounds encourages the exchange of ideas and often leads to a more efficient work environment. In this way, diversity goes a long way toward helping your company evolve and improve constantly.
14. Freelancers are more creative and present new points of view.
Generally, a freelancer is more creative and can approach a job from a unique and original angle. Whether they work in the most popular freelance jobs or other fields, they keep abreast of the latest advances, technologies, trends, and market dynamics. As independent team members and outsiders, they can bring a fresh perspective that can significantly advance a project.
15. Freelancers often have better relationships with their clients.
Freelancers tend to be much more concerned with good client relationships. Without positive client feedback, excellent reviews, and recommendations from other clients, their freelance careers will not last long. In addition, freelancers do not want to risk a potential revenue stream. Therefore, freelancers focus on delivering the best results for each project, which usually improves their relationships with clients.
It can be challenging to know how to proceed when you need to assign someone to a task without experience. Whenever you need additional support for your internal team on a project, a freelancer can step in and help. Plus, they can often provide insights that are useful for your projects.
In this article, we have shared the 15 reasons you should hire freelancers for your business. So, if you are convinced that freelancers can benefit your business and contribute to your company’s success, do not be afraid to hire one. Finding a talent familiar with your needs is so easy now. Post your job for free in a few clicks to start hiring freelancers who fit your project’s needs.