As a business, the hiring process is incredibly important. While it ensures that the right person is being brought on for the job, it can also be incredibly expensive in opportunity cost. If a business brings on the wrong employee, the search and hiring process must begin anew. Full-time employee hires can be difficult, which is why many organizations have begun considering the ways in which freelancers could be the right fit for their organization. What many organizations fail to realize, however, is that freelancers and full-time employees are different. For example, one of those differences is the expected working hours. Freelancers manage their own time and may not follow the business hours of the client for which they work. They may not even be in the same time zone. This may make coordination and communication more difficult than what is expected with a full-time employee. Similarly, inability to coordinate or communicate effectively may present some potential drawbacks. For example, this inability to communicate could prove to create a lacking relationship between organizations and their freelancers. Without this relationship, freelancers can find themselves being personally removed from the success of their clients. Without this investment into their clients, there may be a lower level of commitment. There may also be issues with inefficient time management, communication and similar factors resulting in higher costs in the long run. Prior to committing to bringing on freelancers for your organization, consider the information found in the infographic accompanying this post.
Hiring A Freelancer vs. Full-Time Employee this infographic was contributed by Tab Service Company, a provider of comprehensive 1099 irs reporting
