Although everyone's preference is different in our LinkedIn Poll, there are many reasons why a business owner would prefer a full-time employee over a freelancer. You might be thinking that hiring a freelancer is more beneficial for your business. However, this blog will explain why employers believe that hiring a full-time employee can help their business grow.
It’s important to consider these twelve employers’ reasons to hire full-time employees over freelancers when considering your next hire.
Full-time employees help in retaining exceptional talents
Hiring full-time employees maintain creativity and productivity. You can give them the freedom and the resources to develop and improve their skills and expertise in their work areas. This means that your business will profit from their talent, knowledge, and abilities.
That is not the case with freelancers. They might be exceptional at what they do, but you don't control where they go after hiring them for your company. If they happen to leave your company for another job opportunity, then your company will suffer from the loss of their talent and expertise.
The chances are that they will move on to another job, and you will never find someone who can replace what they offer.
Full-Time employees generate higher ROI
A full-time employee is going to be a better choice for many businesses. If you have a business that requires a lot of attention, you might find it better to hire a single person to do the job instead of hiring several part-time people to share the duties.
In fact, according to a survey from Paychex, small business owners realize this quite often. Over half of them said they would prefer to hire a full-time employee over a freelancer for their company.
Why? Because when you hire a full-time employee, you're building a relationship with a worker dedicated to your company. That means he will be more committed to seeing your business succeed and work harder to further that goal.
Full-Time employees mitigate risks
Hiring freelancers is cheaper but also riskier. The freelancer may suddenly disappear, and he may delay the work that he promised to get done on time.
So, you don't guarantee that he will share your priorities with you; The freelancer may think that your essential project "in your opinion" will hurdle him from completing more projects that may generate greater profits and pursue work methods not align with professional trends.
Full-Time employees build stronger client relationships
If you want to hire freelancers to get the work done for you, that's fine. But if there's something you want to do well and reliably, it's best to hire a full-time employee.
Not because full-time workers are more reliable than freelancers; Both must have the same qualities.
But the most significant difference: the relationships between employees and their clients are more profound and more fundamental than the relationships between freelancers and clients.
The reason is simple: the employee always spends more time with the client!
Full-Time employees create a solid knowledge base
The advantage of full-time employees is that they make it easy to build up a large body of practices, procedures, and know-how. They create a stable knowledge base that everyone in the organization can use.
A knowledge base is not just an accumulation of stuff in people's heads; it includes essential documents and reports and procedures and so on. This information tends to get lost when people leave.
Full-Time employees unify the company culture
Hiring freelancers can be a great short-term solution for filling positions, but if you have a stable of freelancers representing your brand, you cannot fully control the final product. This is because freelancers are likely to work for multiple companies simultaneously and form opinions about how your company should be represented.
Even worse, they may not even be aware of what your company's specific brand image is. Representing your company's brand image well is crucial because first impressions are everything when attracting new clients.
If you hire full-time employees, you will be able to create a unified system of message delivery. Even if all the employees don't understand immediately how they contribute to the overarching message, they will still be able to realize that there is one.
Full-Time employees stick to the company personal property policy
full-time employees usually treat the company's confidential information as to their own. They will not reveal it to any outsiders even if they are asked to do so by their employers.
On the other hand, freelancers are usually looking for new clients and are willing to share the company's confidential information with them even without being asked to do so. They intend to impress their future clients by telling them about the confidential information they have access to.
This behavior of freelancers can lead to significant problems for companies. For instance, if a freelancer has access to confidential information of one company and discloses it to another company, both companies can suffer significant losses.
Full-time employees Are less expensive, in the long term
A full-time employee is a better deal in the long term than a freelancer.
Is this because they don't get paid for sick days or vacations? No, it's because they will be more productive. There is a learning curve in most jobs, and a new employee starts slow and picks up speed over time, reaching their plateau of productivity after a few months.
A freelancer has no incentive to stick around long enough to reach that level of productivity; once they've done the work you hired them for, they're gone.
On the other hand, when you work with freelancers, you have to pay them hourly or daily, and this can get expensive if you have a lot of work for them to do. Furthermore, some freelancers charge for travel time, which can add up quickly depending on where they live.
Full-time employees train easier
It is easier to train a full-time employee because the company has more control over when and how they learn the tasks they need to perform. This is especially important for projects or jobs that explicitly need the employee's skills.
Full-time Employees Have a more considerable commitment to the company
According to Marc Andreessen, the main difference between full-time employees and freelancers is that full-time employees make a five-year commitment to the company. In contrast, freelancers make a one-year commitment (to the client).
Hence, we can say that hiring a full-time employee is more beneficial because they have the stability and commitment to the company.
Full-time employees have a more structured relationship with the company
The main problem with freelancers is that they do not have a fully established relationship with the company. Full-time employees have a more structured relationship with the company and its employees---they know who their co-workers and managers are and how to work with them. Their schedules and deadlines are already set; they know exactly what their job descriptions entail and when they need to report for duty.
Full-time employee salaries are easier to manage
Hiring a freelancer means that you may pay them an hourly rate, so keep track of how many hours they work, so you don't lose more money.
Whereas when it comes to full-time employees, you have to assign the employee, assign tasks, and only give a fixed monthly salary.
Everyone hires what their organization needs, whether you are looking for full-time employees, freelancers, or even part-time employees...we have everything you need!