So, you’ve got a growing business, and the big question looms: Should you hire an employee or go ahead and pick a freelancer? Needless to say, something like this is honestly a really tough call. Now, both options have their perks, but sometimes, it’s not about the short term; rather, you’re better off thinking about the long term. So, with all of that said, usually, an employee is more of a game changer compared to outsourcing to freelancers. But why?
Well, there are a lot of reasons, such as being able to attract more clients with their past experience and skills. They’ll be 100% dedicated solely to your business, but there’s so much more to this, too. So, with all of that said, where’s exactly why you should choose employees over freelancers any day, especially as a new growing business!
There’s the Commitment and Reliability
When you hire an employee, you’re not just getting someone who punches in and out. You’re getting a team member who’s invested in the success of your business. It doesn’t really matter how big your team is, especially if this is your first-ever employee.
Now, you really need to understand that employees are there for the long haul, meaning they bring consistency and reliability to the table. They’re not juggling multiple clients or projects. Their focus is on your business, your goals, and your success. Unlike freelancers, who might ghost you for another gig, employees are your ride-or-die partners in crime.
Financial Benefits
This might sound a bit dry, but bear with it. Hiring an employee comes with some legal and financial perks. Now, most business owners tend to think of freelancers and the word “financial benefits” because you can usually legally offer a low amount of money, there are no employee benefits you need to think about, and so on.
But here’s the thing: when you hire someone full-time, you have more control over how and when they work. You can set specific hours, provide training, and ensure compliance with company standards. Plus, there are tax benefits to consider. When you have employees, you can deduct their salaries, benefits, and even some training costs.
Of course, you’ll first need to know the steps for applying for an EIN -that’s something that you’ll have to have a solid understanding of! It’s really not that hard, and it doesn’t take long either. But overall, you can get way more financial and tax benefits by having employees rather than outsourcing to freelancers, agencies, or whatever else.
Company Culture and Team Dynamics
Freelancers might be fantastic at what they do, but they often miss out on the company culture. When you hire an employee, you’re not just filling a role; you’re adding to the vibe of your workplace. Employees become part of the team, contributing to the company culture, sharing in the triumphs, and sticking through the tough times. Even if you’re a solopreneur, to a degree, there’s a bit of company culture, and you need an actual employee to help foster it.
Availability and Flexibility
Ever needed something done ASAP, but your freelancer is MIA? It’s not ideal, but they’re in charge of their own schedule, so they can do this if they want to. But yeah, it’s frustrating. Employees offer more availability and flexibility and overall, they’re just so much more reliable.
