Last Updated on by Michael Brockbank
Hiring an online freelance professional is far more efficient than having a full-time employee within the establishment. In a world where budgets are tight, you need to save as much money as possible in regards to any aspect of your business. Freelance professionals can provide that savings across the board. From overhead to insurance, the savings are beyond what you may realize.
Payroll
As most online freelance professionals are paid on a per-job basis, you don’t have to worry about someone milking the clock. The freelancer will be paid the same amount of money whether it takes him or her 20 minutes for the task or eight hours. They pay is based on pure productivity. If a full-time employee has to use the restroom, there is up to five minutes of the company time down the drain. If you are paying someone $10 per hour and they use the bathroom twice per day on an average of five minutes each trip, you are losing $1.60 per day per employee. The same analysis can be made for any amount of time that is not spent on task. It may seem crass to think this way, but there is a lot of wasted time that many don’t realize. Of course, you don’t want to be the employer that nobody wants to work for by denying things like bathroom breaks or occasional chit-chat.
Insurance
How much money do you spend each year for insurance premiums of each employee? This also includes social security benefits and other fees or taxes you may face when hiring an additional staff member. Why not eliminate the spending of these premiums by hiring freelance professionals? Any insurance he or she may want is 100% up to them to acquire. Your only task is to provide them with work to complete.
Overhead Costs
You may already be aware of the overhead costs of each computer that is in use throughout your business day by your full-time employees. Do you take into consideration lighting, space, and water as well? Each time the toilet is flushed, a light is turned on, or a drink of water is made by a full-time onsite employee costs you money. Depending on how many employees you have, this could become quite costly per year per person. Overhead costs for the online freelance professional is, again, 100% up to them to maintain. It is their own Internet, electricity, water, and food that is being used every day.
