Have you been thinking about the idea of outsourcing some of your tasks or employment opportunities and you are worried about the result? According to Reference for business “Companies that decide to outsource do so for a number of reasons, all of which are based on realizing gains in business profitability and efficiency”. With the rise of the freelance economy, the traditional model of hiring long-term employees has been disrupted. While some might argue that in house employees can have their benefits, these do not stack up compared to making intense use of freelancers, be it outsourcing for small businesses, outsourcing for health care, outsourcing in business, outsourcing in supply chain management. Freelancers are an underutilized resource and come with significant advantages.
#1 – It is based on contract
One of the benefits of using freelancers is that you can hire them for short-term contracts. This means that you don’t have to go through all the hassle of interviewing a potential employee.
What this means is that you save money on everything from benefits to training and other things. Sites such as UpWork, fiverr, freelancer, seoclerks and many others showcases the skills of freelancers who will have a long list of reviews and will be given a rating score by the platform. You can filter for the quality of a freelancer and pay exactly what you want to get the job done. Using freelancers is a very easy and safe process, with the typical payment escrow system in place. There is no need to take care of employee insurance, payroll, insurance, or legal issues. The freelancing platform takes care of it all and you are not the employer of the freelancers.
#2 – Find The Exact Skills You Need
When you hire a permanent employee, you are hiring one person with a generic skill set. But an online business often changes and needs different tasks completed. For example, you can find a freelance writer with experience in writing about search engine optimization or short term loans. Or a software developer that specializes in WordPress. You simply hire them for the job that they are proven to be effective at. They do the job, and both parties go their separate ways upon completion. Another aspect that when you hire an employee in your business, you only have access to a local talent while you compromise a lot but when you outsource you have access to wider pool of talent because you can hire experts in any part of the world with specialized talents.
#3 – Far More Cost Effective
according to forbes.com “Did you know there are approximately 300,000 jobs outsourced by the United States each year?”
For a number of reasons, using freelancers is more cost effective. I know that you don’t like to trade quality for the price but you when you outsource, you get quality at a very low price. The money you pay is going to get you exactly what you want. If not, mediation services are provided for issues in dispute and negative feedback is a serious consequence for freelancers who do not complete the task as specified in the initial contract. Because you are only hiring the freelancers for a one-time project, you do not have to take care of additional expenses. You also don’t have to hire them for a whole year with a fixed wage, regardless of the income of your business. Another benefit is that the freelancer can work on the project while you sleep, as they are located in different time zones across the world. All in all, freelancers are simply a cheaper and more efficient way of getting business projects completed.