Did you know that the freelance economy in the United States is worth as much as $1.2 trillion? This means that if you don’t consider working with freelancers, you’re missing out on working with a huge number of talented individuals.
While many project managers are reluctant to work with anyone who isn’t in-house, there are actually many exciting benefits of working with freelancers. This means that if you don’t consider working with freelancers, you’re missing out on working with a huge number of talented individuals.
This article tells you some of the biggest advantages of hiring a freelancer to work with your company.
1. Reduce Payroll Costs
One of the biggest advantages of hiring a freelancer is the reduced payroll costs. When you hire someone in-house, you still need to pay them whether they’re working on a project or not.
On the other hand, with a freelancer, you can hire them as they’re needed. For example, if you hire a freelance logo designer, they’ll produce the logo that you need, and then that’s the end of it.
This works great for certain kinds of projects where you temporarily need additional labor power.
2. Pay a Flat Fee
Another advantage in terms of finances is that it’s quite common to pay a flat fee for delivering a project. With in-house workers, you’ll need to pay them by the hour. This means that they might not be motivated to complete the project as quickly as possible.
On the other hand, when you work with freelancers, you can pay a flat fee for the project. This means that it doesn’t necessarily matter how long the project takes (within reason), as you’re paying the same amount of money regardless.
3. Temporarily Gain an Expert
Another one of the advantages of hiring a freelancer is that you can temporarily gain an expert when you need it. For most companies, it simply isn’t viable to hire an expert to help you all of the time.
But, it could make sense to bring in an expert on a project temporarily. For example, if you’re building a new website, it might pay off to hire a freelance PHP developer to help oversee the process. But then, once the website is complete, you don’t really require their skills anymore.
If something goes wrong with the website, you can always hire another freelance expert to address it. When hiring an expert, you should ask for examples of their previous work to make sure they’re up to the task.
4. Fast Turnaround
Workers who work in an office being paid by the hour are generally not motivated to complete tasks quickly. There’s often a perception that working faster will just result in more work and more responsibility.
This results in most office workers working at a moderate pace. This isn’t the case with freelancers. When you’re freelancing, you can free up the rest of your day by getting your tasks completed quickly.
This means that freelancers are highly motivated to deliver your project as quickly as possible. If you want something done with rapid turnaround times, it makes sense to hire a freelancer.
Just make sure that the freelancer n question has a proven track record for getting the job done and delivering projects on time.
5. A Freelancer is More Innovative
When you work as a freelancer, you need to keep your skills sharp. Since you’re hired on a project-to-project basis, you really need to know all of the latest techniques and practices.
This means that a freelancer will spend a lot of time researching their field. If you want to work with someone who uses modern, up-to-date techniques, it makes a lot of sense to hire a freelancer.
In-house workers, on the other hand, often end up stuck in their ways and struggle to adapt to change. Freelancers, on the other hand, are much more suited to bringing out-of-the-box thinking to the table and providing innovative solutions to your problems.
6. Freelancers are Well Connected
An additional advantage to working with freelancers is that they’re usually well connected. Freelancers tend to talk to each other. This means that one freelancer could potentially connect you with another one.
Maybe you hire a freelancer to code a website for you. They might be able to introduce you to a good freelance graphic designer. This can be very helpful in saving you time and money searching for appropriate workers.
Of course, you should take some time to do appropriate background checks.
7. Take on Less Risk
Of course, when hiring any kind of worker, you’re always taking a risk. When you work with a freelancer, however, that risk is significantly reduced. One great part about working with a freelancer is that they don’t need to be insured.
The costs associated with insurance can take up a huge amount of your companies income, so this is a huge advantage of hiring freelancers. You also won’t have to worry about your freelancers seeing you for things like unfair dismissal. With a freelancer, you’re free to part ways with them at any time with no risk of legal consequences.
8. Get a Fresh Perspective
Any kind of organization is susceptible to a groupthink mentality. This can lead to various mishaps and oversights. When you bring in a freelancer, you have someone who comes from outside of your corporate culture.
This might enable them to see things that people within your company are oblivious to. This is a hidden value to hiring freelancers that many companies tend to overlook.
Hiring a Freelancer Offers Many Benefits
As this article has shown, there are many great benefits associated with hiring a freelancer. Not only do you get a quick turnaround on quality work, but you also get a fresh perspective that could shake things up in your company a little.
If you want to learn more about other work-related topics, take a look at some of our other articles.