Businesses now resort to hiring freelancers to balance up their workforce. This sounds great. There are 1.1 billion freelancers in the entire globe presently according to business analytic tool provider, DDIY. And quite interestingly, this remarkable freelancer population is helping all sizes of businesses make attractive cost savings and deliver competitive services. Your business could be a beneficiary of this sound business approach.
TERAWORK, a platform that enables businesses to meet and hire freelancers, has worked out a hiring model that would help your business – whatever the size – to access top global talent on-demand and save costs.
On a broader note, the use of technology in business has made it easier for companies and freelancers to connect and work together. This way of getting work done removes the barriers of distance and time zones while helping all forms of companies to hire the best talents in Europe, Asia, North & South America, Africa, or Australia on-demand. It is the perfect opportunity for businesses, especially SMEs, which could hardly afford the bumper pay packages demanded by highly qualified software engineers, graphic designers, accountants, legal advisers, digital marketers, copywriters, and high-level marketers to launch a bold market share bid.
A Massachuset-based business magazine shed light on the major advantages of hiring freelancers on platforms such as TERAWORK. It wrote in one of its recent editorials: “Think about how this could be useful for a company. Say you need a professional writer for a single project. It would not make sense to hire a full-time writer, because your writing needs aren’t enough to justify it. Hiring a full-time employee would be expensive and a waste of company money. However, a freelancer (on-demand skilled worker) would fit the project perfectly. The company would use the freelancer’s skills for the project, pay them, and then the two entities would part ways.”
Precisely, managing your business’ major cost-centre by resorting to hiring freelancers to execute certain levels of projects would save your business the large budget that is annually committed to paying full-time employees leave allowances and health insurance packages in some cases. After all, most full-time employees spend a large portion of the 9-5 work period on chit-chats that add no value to the employers’ balance sheet.
Here is a summary of the advantages your business would derive from using freelance platforms like TERAWORK:
- Access to High-Level Professionals – Freelancers are highly-skilled workers who have largely gained work experience at top companies before pivoting to freelancing. Meanwhile, the best way to execute any project task effectively is to hire personnel who possess specific skills and experience that fit the task specifications. This hiring effort saves time while invalidating the prospect of delivering shoddy final output as is often the case when companies hire full-time workers who would have to go through the learning curve and its associated trial and error processes.
- Flexible Hiring – Freelancers are on-demand workers who deliver in line with project specifications on agreed timelines. This simply means they are paid for services that meet agreed terms. Once the terms are met both the hiring company and the freelancers may choose to part ways amicably without any redundancy pay or severance packages.
- Assured Delivery System – This is what differentiates TERAWORK from a host of other freelance hiring platforms. TERAWORK operates a proven system that ensures that all task arrangements, from contact to payment, are networked directly through its platform. The client pays into the platform’s escrowed account, but the freelancers can only access his or her job payment when the client admits that the jobs meet agreed terms. This assures clients of value for every dime spent.
- No Stress – The usual stress of searching for suitable candidates to fill the company’s roles is removed when companies use TERAWORK to conduct their talent search. There are close to 5,000 professional freelancers on TERAWORK. The freelancers’ list cut across all competencies. The freelancers are educated, trained, and reside in both developed and developing countries of the world. The magic is each one of these freelancers can be accessed in less than 5 minutes.
- Startup Toolkit – TERAWORK also serves as a one-stop-shop for accessing tools that are needed to drive small businesses’ growth aspirations. The platform provides tailored solutions that help small business owners move from concept to idea execution. These solutions include business name registration (in selected countries), road-to-market strategy, corporate branding, including access to on-demand top global talents to help the startups meet industry quality standards in their service offerings.
- Easy Payment System – As an enabler of operational excellence, TERAWORK helps its clients accept and make payments in 11 currencies. For instance, businesses can make payments in their preferred local currencies for jobs that they outsourced to any freelancer who resides in any part of the globe. The conversion algorithm at the backend on the platform would ensure the receiving freelancers get the commensurate amount of the money deposited into their account in their preferred currency.
- On-Going Relationship – Companies who have received satisfactory performances from a freelancer may choose to maintain contact with the freelancer. A chat infrastructure has been provided on TERAWORK to help freelancers and their clients stay in touch. This infrastructure ensures that both the company buying services and the freelancer that is selling the service can keep in touch frequently without having to meet each other one-to-one.
Rather than compete with large companies that have endless resources at their disposal, small businesses can leverage TERAWORK to find top talent to work with without hurting their budget.
