Starting a new business is not easy. You will have to face several challenges, including having to find employees that are loyal and hardworking.
Believe it or not, it can be quite a difficult task to achieve. In fact, most entrepreneurs agree that finding employees is one of the hardest parts of the job with many echoing the view that it is more difficult to find employees than it is to find clients.
So, what’s the solution to this problem? It’s simple. Turn to freelancers.
There are several benefits of hiring freelancers over full-time employees. Let’s have a look at some such benefits:
1. Freelancers Are More Easily Available
The pool of freelancers is getting bigger than ever with more and more people preferring to work from home than to go to an office. In fact, over 35% of the US population now works as freelancers. As a result, it is easier to find freelancers than it is to find full-time employees.
Moreover, there are no geographical limitations when it comes to freelancers, unless you want your freelancer to come to the office and work.
Platforms like FreelanceMyWay have made it easier for entrepreneurs to find the talent that they need. You can hire everyone from content writers to lawyers to web designers online in a jiffy.
While the time taken to find a freelancer depends on the platform that you use to hire one, most experts agree that finding a qualified freelancer is easier than finding a qualified full-time employee.
2. They Cost You Less
Hiring freelancers is a lot more affordable than hiring full-time employees. Think of it. You do not have to waste money on advertising. Plus, you get to save time as well.
There is no red tape involved. Just post a job online and let people apply. You can then filter applicants according to your requirements and interview candidates online to reach a conclusion.
Other than this, you do not have to pay benefits, medical insurance and other such costs, which can be very helpful in the long-run. Moreover, you also get to save on utilities.
When you hire freelancers, you will not need a big space to accommodate employees, as a result you will be able to work from home as well, saving you a lot of money in rent and electricity.
3. There Are No Contractual Obligations
Since freelancers are hired on a contractual basis, they are just individuals working for you and are not treated as full-time employees. This means there are no complicated contractual obligations and either party can terminate the contract as per their wills.
While this might sound like a bad idea to some, it is actually very helpful for everyone involved. This gives you the flexibility to check a freelancer’s skills before offering a proper contract. Moreover, you can put certain conditions in the initial contract to safeguard your interest, these include terms such as:
- No payment if work is not completed.
- No payment if the freelancers cancels the agreement etc.
While hiring full-time employees may have certain benefits, it actually means more trouble and cost. This is why a large number of businesses now prefer to hire freelancers.
It’s easy, time saving and more affordable. Make this transition today and watch your business bloom.