Why Organizations moving toward Freelancers

Organizations are continuously hiring freelancers to meet their work demand rather than full time employees. What makes this growing section of the workforce so appealing to organizations?

Even with the challenges facing freelancers like the unpredictability of income and lack of benefits, more and more workers are either wholly abandoning their traditional jobs in favor of a more flexible schedule or keeping the security of a permanent position while freelancing on the side. With the numbers growing steadily, it makes sense that freelancers would eventually attract the interest of organization.

The existing state of affairs for years was for companies to hire permanent employees. However, recently, organizations are more frequently outsourcing project-based jobs to freelancers, rather than hiring full-time staff.

Whether you are a freelancer yourself or a business owner considering hiring a freelancer rather than a long-term employee, the outlook is bright as this arrangement increases.

The main reasons why companies love to hire freelancers are.

Cost effective:

Perhaps one of the top reasons why companies hire freelancers is because they are more cost-effective than full-time employees. When companies hire full-time employees, they are responsible for providing benefits. Freelancers are free agents, not part of any company's permanent staff, so the employer does not need to provide freelance workers with any benefits. Sometimes, the work that needs to be filled isn’t in routine or it could be a one-time task. For this reason, freelancers can accomplish the job and get paid only whenever you need them. You don’t have to worry about the additional expenses that are tied to regular staff, like medical benefits and insurance, as well as unproductive down time. This could be one of the fundamental reasons motivating organizations to utilize freelancers more frequently.

Project-based work:

Not all projects and tasks require a full-time employee. Many projects are one-off assignments that have various start and end times throughout the year. These projects may require completely different skill sets, so hiring one person full time to complete them just doesn't make sense. A full-time employee may have specific skills needed for one project but lack the expertise and specialty to complete another task effectively. This is where Freelancers become handy. They are expanding their skill sets maintain themselves with the progress of workforce. For example if a company requires a graphic designer to fulfill a specific task, it would be not justified to hire a one full time graphic designer. Rather than that company will prefer to choose a freelancer. If another short term project for example Web Development arrives company can hire another freelancer with that skill set. Hiring of freelancers makes sense rather than hiring a full time for short term projects or tasks.

Access to top-tier talent:

Freelancers are highly specialized professionals, with many of them dedicating years to perfect their skill sets. According to a report that top talents in the industry aren’t usually tied to agencies but prefer to work on their own terms, especially with the high value of their work. This also holds true for freelancers in other industries because it gives them more control over the clients they want to work with. So if you’re looking for someone with extensive experience in their industry, freelancers are the way to go. Connections: Sometimes, you don’t need to hire an entire marketing agency or a PR firm to reach a market you want to strike. You’d be surprised what a freelancer with a network can do for you at a little bit of the cost. After all, the freelancer life is built on connections. So even if you’re hiring a writer, chances are, they can recommend a tried-and-tested graphic designer who can take your business even further.

Better quality work:

There are numerous misconceptions surrounding freelancing. It is believed that sometimes it causes management to overlook employee’s quality of work when not done inside the office. However, successful freelancers prove that you don’t need be physically present to produce great work. In fact, they might even be more efficient. Because they don’t come up with typical training and adjustment periods and at this point, they’ve already mastered their flow. On top of this, they have more motivation to perform well because they tend to repeat clients and referrals.

Moreover, if someone is looking for launching a tech startup for first time, a lot of things are at stake. Building a start up requires perseverance and mental toughness. One of the biggest expense startups spend money is on human capital. So for a startup people prefer to choose freelancer rather than full time employees, because they are cheaper, requires less paper work and onboard timing