WHY SHOULD YOU HIRE A FREELANCER?
As a small business owner, hiring a freelancer can be a convenient, affordable, and wise business decision. After all, they are cheaper than hiring full-time employees, are less likely to sue you, and require less training. This article details why hiring freelancers is the best option for your small business.
YOU SAVE MORE MONEY
Less Space. When the business starts booming so much that you need to expand your workforce, this is usually a cause for celebration. However, needing more people comes with the issue of needing more space. More space, more problems. That’s how the saying goes right? But seriously, you must consider:
- Rent Costs
- Utilities Like Electricity and Water
- Maintenance Fees
Freelancers are self-sufficient. You don’t need to host them or give them a breakroom with a refrigerator, TV and a microwave. You don’t need to buy chairs for them to sit in or desks for them to sit at. Are you starting to get the picture here?
All we’re saying is, you’d keep more money in your pocket if your workforce were not comprised entirely of full-time employees.
Less Taxes. Businesses are responsible for paying taxes for each employee. These taxes include:
- Social Security and Medicare taxes
- State and Federal Income taxesHiring more freelance contractors means these taxes are not your responsibility.
YOU REDUCE YOUR RISKS
Worker’s compensation laws cover some 135.6 million people. That’s a whopping $7.2 trillion paid to covered workers according to a 2017 report by the Social Security Office of Retirement and Disability Policy.
There’s also always the possibility that someone might try to sue you for overtime compensation, harassment, or sick or family leave. Freelancers cannot sue companies for these reasons, and that can be quite the relief.
FLEXIBILITY & PRODUCTIVITY
Freelancers usually have more flexible schedules. As productivity and results influence compensation, freelancers are willing to negotiate favorable time- frames. They also produce a higher caliber of work as the satisfaction of their clients determines if they get to work with them again.
If you need to provide specialized training to employees to get a project done, this can cause a dip in productivity. Yes, it’s a great idea to train your workforce, but a freelancer who already has that knowledge can help fill in those gaps in the meantime.
According to Forbes, 57 million workers are part of the gig economy in just the U.S. alone. The industry has millions of more people participating worldwide.
You can find freelancers in nearly every sector, including Technology, Financial Services, Construction, Education, and Professional Services.
No matter how seasoned a professional you are, firing someone can be a very awkward or painful thing to do. With a freelance contractor, the initial agreement of the project sets the expectation that they will no longer be needed once its complete.
HIRE A FREELANCE CONTRACTOR
Here at Hire Me, we want to help you save time, energy and money. That’s why we have an easy to navigate platform that connects you with freelance contractors from a varied list of job categories.
Do you need someone to fix your computer? You can hire a freelancer with Hire Me. Need someone to create a financial projection for your new business? We have freelancers for that. Seeking a tutor for yourself or a child? There are so many capable, flexible candidates for you to choose from.
Author, Davinia Osborne.