Freelancers can be beneficial for companies because they can bring specialised skills and experience to a project. They also offer flexibility in terms of the amount of work that can be done and the timeline in which it can be completed. Additionally, hiring freelancers can save a company money on benefits and other costs associated with full-time employees. They can also be used to fill temporary skill gaps or handle overflow work.
How do Freelancers create flexibility for companies?
Freelancers can create flexibility for companies in a few ways:
Scope of work: Freelancers can be hired for specific projects or tasks, allowing companies to be able to scale up or down according to the scope of work – allowing the work to drive the investment.
Timeline: Freelancers can be brought on board quickly and complete a project within a specific timeframe, which can be beneficial for companies with tight deadlines.
Specialised skills: Freelancers often have specialised skills and expertise that can be brought to a project on an ad-hoc basis, allowing companies to access a wide range of skills without having to maintain a full-time staff with those skills.
Boundaryless: freelancers can be located anywhere, which allows companies to hire the best talent regardless of their location. With internal processes in pace, this also makes it easy for companies to handle work remotely.
How do Freelancers inject specialist skills into companies?
Freelancers can inject specialised skills into companies in a few ways:
Work experience: Freelancers often have a wealth of experience working in their field, which they can bring to a project to provide specialised skills and knowledge.
Specialised training: Some freelancers may have specialised training or certifications in a particular area, which can provide a company with access to expertise that they may not have in-house.
Network: Freelancers often have a network of contacts and resources that can be leveraged to bring specialised skills or knowledge to a project.
Flexibility: Freelancers can work on a project-by-project basis, allowing them to bring a fresh perspective and new ideas to a company.
Focus on one skill set: Freelancers often focus on one specific skill set, which allows them to develop a deep expertise in that area. This can provide a company with a valuable resource for tackling complex projects or issues.
Diversify the company’s skillset: Freelancers can bring new skills to a company, which can help diversify the company’s skill set and open up new opportunities for growth and development.
How do Freelancers save companies money?
Freelancers can save companies money in a few ways:
Less Overhead cost whilst having Flexibility in scaling: Freelancers can be hired as needed, which allows companies to scale their workforce up or down as needed, without having to maintain a full-time staff that may not be fully utilised. Paying only for what you need – Companies can hire freelancers for specific projects or tasks, which allows them to pay only for the work that needs to be done, rather than maintaining a full-time staff.
Reduced office space costs: Companies do not have to provide office space or equipment for freelancers, as they typically work remotely and provide their own tools.
Taxes & Insurances: Despite some policy changes in recent years, it is still cheaper with regards to taxes and insurances for companies to utilise freelancers, leading to significant long term money savings.
Reduced internal resource and recruitment costs: Companies would also not need to pay for collateral recruitment costs, such as; job postings, background checks and interviews when hiring freelancers – further reducing internal headcount.
