Need an extra pair of hands to take over important job tasks? You may be considering hiring a new employee. However, this is not your only option. In some scenarios, it may be more convenient and cost-effective to hire a freelancer instead. Your choice should ultimately come down to your budget and the job description at hand. To aid you in your decision, consider both the pros and cons of hiring a freelancer versus an employee.
Hiring a Freelancer
- Flexibility – If your company is like most businesses, you probably have busy periods during the year and less busy periods. This can make staffing difficult as there may not be enough work to go around during the slower periods. By choosing to work with a freelancer, you can benefit from having an extra team member on board during busier times and can cut ties when business slows.
- Specialists – Unlike a regular employee who may or may not have vast experience in a certain area, you can count on freelancers to specialize in different business areas. This can cut down on training and help ensure that the job is done at a satisfactory level.
- Affordable – Freelancers typically cost less than hiring a permanent employee. You only pay a freelancer for the work they do and you can avoid extra expenses like paid holidays.
- Time-Consuming – One of the biggest downsides of hiring a freelancer is that they are not always available to take on new work. As freelancers tend to have multiple clients at once, they may not be available to take on new work and you may have to spend extra time trying to find a replacement.
- Communication Challenges – Unlike an employee who is onsite and can be called into your office when you need to chat, a freelancer can be more difficult to get ahold of. You may need to wait to hear back via email or phone which could take hours or sometimes even days.
- Lack of Supervision – Many business owners gain peace of mind by supervising their workers to ensure that everything is moving at a steady pace. This is not always possible with freelancers, especially those that work remotely.
Hiring an Employee
- Loyalty – Freelancers work with multiple businesses which means that they are not loyal to any one company. Employees have a vested interested in the success of your business and are likely to put more time and energy into making your company successful.
- Problem-Solving – When a problem occurs, you do not want to wait around for a freelancer to get back to you. A permanent employee who is already onsite and willing to help out can help ensure that problems are dealt with quickly.
- Reliable – While most freelancers are professionals, there is no guarantee that they will not simply disappear. Permanent employees tend to be more reliable and you can count on them to finish their assigned work on a day-to-day basis.
- Higher Costs – Permanent employees come at a higher cost. Along with a monthly salary, you will also need to pay higher overhead costs, taxes, office equipment, and other expenses.
- Lack of Talent – Finding talent can often be difficult, especially if your business is located in a smaller city.
- Employment Rights – Unlike freelancers, permanent employees have certain employment rights that you must adhere to. For example, if a worker becomes injured in the workplace, you will be responsible for paying out workers’ compensation.
While hiring both a freelance and employee can come with certain perks, it is important to weigh the good with the bad before making your decision.
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