More and more businesses are looking into the benefits associated with hiring freelancers as opposed to the traditional full-time employee. As the number of freelancers in the United States continues to grow, so too do their opportunities in the workplace. There is no shortage of need for hard work and companies are finding that freelancers can provide this work while also being easier on the hiring budget. There are countless organizations who are relying on freelancers to ensure their daily operations are running efficiently. Some freelancers serve as project managers, put in position to ensure teams are completing projects at their required deadlines. Other freelancers might be brought on through an outsourcing agreement, for example, hiring a graphic designer to bring a new company logo to life. Freelancers are often hired as they provide a number of backend benefits, namely reduced costs, to organizations. The cost effectiveness of hiring a freelancer over a full-time employee is related to the fact that any employer does not have to pay for health insurance, retirement, and other benefits with their hired freelancers. That said, costs aren’t the only benefit when organizations are able to hire the correct freelancer. Freelancers have been known to boost productivity, improve speed to market and increase innovation within a company. With more and more employees in the workforce considering their options in the job market, freelancing may seem most appealing. For more information on how freelancing differs from full-time employee status, be sure to read on to the resource accompanying this post.
Hiring A Freelancer vs. Full-Time Employee this infographic was contributed by Tab Service Company, a provider of comprehensive 1099 nec state reporting