How to Know If You Should Hire Freelancers or Employees?

How to Know If You Should Hire Freelancers or Employees?

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When it comes to owning and operating your own business, it can be rather daunting to invest in hiring employees. Hundreds of questions race through your mind, and rightfully so. Bringing in staff is not only a huge investment but a change of “business as usual” for your company. But if you’re starting to feel overwhelmed, then it’s time to think seriously about hiring someone to take some of the load. But should you hire someone in-house, or outsource to a freelancer? Here are some of the things you need to keep in mind for the decision.

Is the Work Consistent?

Much of business today is done through online means. This means that one person can be in charge of both the company’s inventory as well as its shipping. This steady rate of work leads new business owners to stay away from hiring full-time employees because the work isn’t too overbearing. However, once in a while, that work does become overbearing, especially during the holiday season. So, if your work only demands extra help during this time, then freelance workers are probably your best bet.

Security and Privacy Concerns

New startups tend to be the most vulnerable to theft, both digitally and physically. This is often due to a lack of security on their part. So, how can you bring on employees and keep your privacy? When hiring full time employees, knowing possible criminal history or other potential issues is often done through a background check. Having this information in your hands can allow you to build your trust when other people are handling sensitive information such as your sales figures or customer information.

Can You Afford It?

You might already have your heart set on bringing in full-time staff, but can you afford it? Many states across the country require by law that employers offer specific benefits to their full-time staff. This would include not only medical insurance but the purchasing of workplace materials such as “know your rights” posters, first aid kits, and many more. In addition, you also need to take into consideration the additional cost of power consumption, a bigger office, etc. Simply said, bringing in a full-time staff requires much more than being able to afford to pay them. 

The decision to bring on employees or freelancers can be a very difficult one for any company. Therefore, it is incredibly important to not only adhere to the information posted above but also to perform your own due diligence on your company’s current state.
Related: 5 Easy Hacks to Take the Suck Out of Hiring

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