Although there are many working modes and patterns in business now, full-time employment and freelancing are two of the most common. As more and more people choose to set up as freelancers, you may begin to wonder which is the best type of staff to hire. The truth is that both come with some distinct benefits which you should consider before making a decision. But what does each way of working bring with it for employers?
So, how does employing people full-time stack up for businesses against freelance workers? One of the major benefits hiring full-time staff brings is that you have a permanent workforce who you know well under your control. This means that you do not have to worry about people being up to the job or having the right skills or training to perform. They will also be more invested in your company and have you as their sole focus. It also allows you to manage company workloads more effectively as you know you will always have the staffing levels to cope. Hiring full-time staff also saves a lot of time in having to find and vet freelancers each time you need them.
It is also worth thinking about how hiring full-time staff allows your business to use an employee benefits platform. The benefits which platforms like this deliver are very useful for attracting, motivating and retaining talented staff. Usually, though, these benefits are not open to freelancers as they are not classed as being eligible. If you want to increase employee engagement and productivity with a benefits platform, full-time employment is the way to go for businesses.
What advantages does freelancing deliver to business?
Although the advantages of full-time employment cannot be applied to hiring freelance staff, this way of working does offer other benefits. To begin with, it allows companies to be more flexible regarding their staffing levels. You may retain a small group of full-time staff all year round, for example, but then hire freelancers to cover busier periods. Naturally, freelance staff do not incur the same costs as full-time ones. You will not have to divert resources into training them, buying them equipment, paying sick leave or paying for annual leave. Freelancers can also give you quick access to specialist knowledge or skills, should a new project require it for the short-term.
Freelancing vs full-time employment
The big question within business is which type of employment is best – freelancing or full-time? The simple answer is that both come with their own unique advantages and it depends on what you are looking for. If you want to find and keep talented staff through a benefits platform though, full-time is the best choice.