Freelancing has come up as an added source of income or in the form of a small business for several reasons. The reasons include saving for a brand new home, repaying a student loan, or making ends meet.
According to Entrepreneur.com, by the year 2027, the US will have more than 86.5 million freelancers making up 50.9% of the workforce in the country. With many freelance platforms offering the scope of hiring freelancers, it is inevitable to get to the other side and know whether this option will be the right choice for companies.
How Do the Freelance Platforms Help Companies in Sourcing Employees?
Freelance platforms like Gun.io help organizations source contingent workers for job roles and projects, not necessitating permanent employment. These are platforms that allow independent professionals to come up with their profiles.
The professionals can also share their work experience or portfolio and even communicate with potential employers. Organizations can use these platforms for searching through a network of candidates factoring in their skills and experience in the search criteria.
Such potentials help different companies focus on core activities while outsourcing labor and time-intensive assignments. They can even outsource assignments that require skills currently absent from their workforce.
Freelance Platforms Are the Perfect Fit for Companies of All Sizes
Wondering what is Toptal? Getting in touch with experts in various fields like software developers, managers, engineers, and consultants is possible with freelance platforms.
Both small and large companies can utilize freelance platforms. While small companies can outsource specific activities because of budgetary limitations, the enterprise or mid-market organizations are more likely to use freelance solutions because of a specific skill set requirement in any exclusive assignment.
Organizations can easily source editors, graphic designers, translators, software developers, coders, and other freelancers for non-permanent agreements. Hence, it can rightly be said that sourcing employees through these platforms will be the right choice.
Freelance Platforms Are Beneficial for the Employers and the Employees
Sourcing contract professionals through freelance platforms is completely different from sourcing the same through staffing or recruiting agencies. Going the freelance way is easier because organizations simply need to post their requests online.
They can directly interact with the candidates and get them agreed on temporary contracts that can be mutually advantageous. The rise of these sources has been a win-win situation for both the employers and the employees.
The employees can make good financial savings by working with independent contractors, which further reduces their risk. Workers can also use these platforms to tide through jobs, add to their income, and complete employment flexibility.
There are other perks also associated with the use of these platforms by the professionals. These include the scope of working around schedules and family, traveling, and, most importantly, not donning professional or formal attire.
Reduced Hiring Costs for the Enterprises
Different organizations opt for freelancing ways to save a lot of money. Yes, even at higher hourly rates, the organizations can remain assured of making good savings annually by hiring professionals through freelance platforms.
These savings come from not having to pay for different benefits such as retirement and health insurance. Not to mention, there are no worries about Social Security and Medicare.
The freelance workers available from these sources generally work remotely. So, there are added savings coming from the reduced need for office space and office supplies.
Reduced Risks for the Employers
Since freelancers are not permanent employees, there is a reduced risk for employers. The freelancers do not have the right to amass unemployment insurance or compensation benefits. They also do not have the right to sue companies for discrimination and harassment.
Companies can easily replace and terminate them if they do not provide proper services or not work as per the working hours decided initially. This comes as one of the most solid reasons why it is always a good idea for companies to hire professionals through freelance platforms.
Freelance Platforms Offer Exclusive Talent
The sources to get freelancers also work as talent-pairing mediums, offering employers the most exclusive workers to meet their requirements. The companies looking for contractual laborers can always benefit from these platforms because they get the talent they are in the lookout of.
Companies can use the platforms for hiring academics, IT professionals, designers, writers, accountants, marketers, sales staff, lawyers, business consultants, coders, and software developers. Once they find the talent they require and get them agreeing to the terms, the professionals can start providing their services ASAP.
These sources have freelancers running their very own business. Their business thrives on repeat assignments and even on repeat customers. The professionals always strive to offer the best of services while maintaining cordial relationships with the clients. Hence, getting quality-based employees is a guarantee of freelance platforms.
Global Reach and Business Expansion Come Guaranteed
Since the freelance talent providers help companies in finding talent beyond their geographical limitations, one thing for sure is they can expand limitlessly. Since they have experts understanding the global market, the companies can expand their business and grab a good name in the new markets.
Business expansion is possible for enterprises, even on a finite budget. Using the services of a freelance podium can open the doors to large scale business growth while reducing risks just in case things do not work out the way they are planned.
You have gone through a detailed analysis of the perks of hiring professionals through freelance platforms. Thus, you can conclude that hiring through freelance platforms is really effective.
It genuinely proves to be beneficial for businesses that are in the lookout of hiring fresh talent. Companies are sure to get people with diverse talent when they hire experts through freelance talent providers.
That’s because there is talent coming in from different spheres of society. And yes, the organizations are also saved from the trouble of providing training to the recruits, especially if they possess good experience in their fields.
So, choose a reputable freelance platform to hire experts according to your requirement and allow your business to flourish.