Freelancers Cost Less
Freelancer’s fees may be slightly more than the salary that someone on your job’s payroll might command throughout the project’s timeframe. However, even when a freelancer’s fee is on the high side (you do get what you pay for), they are still inherently cheaper than salaried workers.
Freelancers don’t require the expense or resources required for training or onboarding. They don’t need sick pay, holiday pay, medical, dental or other benefits. Thus, although pro-rata costs might be slightly higher, freelancers cost less in the long run.
Freelancers Tend to be More Productive
Salaried workers can afford to rest on their laurels. They know (or assume) that they have job security and as such might not be as engaged or productive as a gig worker might on their on freelance jobs. Freelancers, after all, tend to be keen to accept whatever modicum of job security they can get and will always go the extra mile to keep clients happy and increase their chances of being invited back for the next job that comes along.
You Pay Per Project
There are few things more crippling to your cash flow than an employee whose talents are surplus to requirements. If you take on a telecoms engineer to oversee deployment of your network and communications, you may find that your network requires very little management and you’re stuck with someone on their payroll who (by no fault of their own) is left to do little to justify the expense they represent.
By contrast, freelancers are taken on to do a very specific job. When they have carried out their task to your satisfaction, your obligation to one another ends. While you may well take a liking to each other and invite them back to carry out more work, you have far less cost obligation to freelancers.
They have the Exact Skills and Expertise You Need
Productivity is worth paying for. When you hire a freelancer you know that you’re getting someone with the exact skills, expertise , and experience you need for a particular project. And when you’re using the right resources, getting access to the people with the skills you need is a far faster and less cumbersome process than recruiting a salaried employee.
It’s very liberating looking for someone who only needs to fit the bill for one specific project rather than someone who you’ll need to keep on the payroll for a wide range of future endeavors.