Running a business is not for the faint-hearted. There are always some unexpected problems that you have to solve, unexpected costs you have to deal with, and challenges in the everyday life of an entrepreneur.
However, many entrepreneurial problems can be solved by implementing different employment strategies. For example, hiring more freelancers.
This isn’t a brand new discovery, but it exploded during the COVID-19 outbreak. Many employers over the world saw that they don’t need to hire full-time employees anymore and tie them to a desk for 9 hours straight. Nowadays, employers are more open to the idea of hiring freelancers to get the job done. And money has a lot to do with it.
Here are some of the most popular cost-effective benefits of hiring freelancers:
1. Freelancers Are More Affordable Than Full-Time Employees
All those costs that go to your full-time employees are gone once you decide to hire freelancers. Medical insurance, dental insurance, paid vacations, 401ks, all of these benefits that are regular for the full-time employees, are not your responsibility when it comes to freelancers. You only paid the freelancers for the job they do. It depends on the type of contract you’ll sign, but most freelancers are paid either by project or by the hour.
You don’t need to cover taxes for them, buy them equipment, nothing like that. All you have to do is pay for the work they do.
Isn’t that great? You’ll get top-notch service and you’ll save a lot of money, it’s a win-win combination. If you’re having trouble finding affordable, yet skillful freelancers, try Brybe Freelancer Marketplace. It’s a digital platform that connects freelancers and business owners and enables them to create successful partnerships.
2. You Don’t Need To Provide Any On-Board Training For Freelancers
You know how when you hire a new full-time employee, there’s always a senior or a manager who needs to spend too much time, in the beginning, to introduce them to the work, the team, etc?
Although there’s nothing wrong with being a mentor or a guide to a new employee, that means that someone who’s highly paid, will need to spend some time not making money for the company, but actually teaching or guiding the new employee.