Hiring the best developers that’ll deliver quality work is the dream of every business. A few years ago, this could only be trusted by full-time developers, and freelancers were a risky venture.
Why Your Business Urgently Need a Freelance Developer in 2023
But, fortunately, today it’s the opposite. Freelancers have significantly transformed over the years and are now more desirable than ever.
Today, even giant companies like Google have more than half of their workforce as an alternative (contract and freelance).
In today’s gig economy world, freelancers have opened up opportunities for both small and large companies to grow their business with the best talent, removing barriers like location or expensive local costs.
This article explores several reasons why you might need to consider hiring a freelance developer in 2023. Let’s dive in.
9 Reasons Your Business Urgently Need a Freelance Developer
1. Hire Skilled Developers at Less Cost
The most obvious reason your business needs a freelance developer is the cost-benefit.
According to PayScale, the average base hourly rate of hiring a senior developer in the United States is $50.05.
Legally, in-house developers are entitled to cash bonuses, health insurance, paid leave, and other benefits. When you add these costs, the hourly rate would be far beyond the figure above.
By working with freelancers, you can eliminate these costs to pay only a base hourly rate whether you’re hiring across experience levels or skill sets.
What’s more, payment is on a project basis. This allows you to hire developers when you have a requirement and end the collaboration at the end of each project.
2. Access to a Global Talent Pool
With the tech talent war gaining momentum each day, finding competent specialists becomes harder.
Big companies in hard-hit areas are driving up tech salaries to meet this increasing demand. For your company, hiring full-time could mean settling for less within your location.
Leveraging the freelance economy can help you expand your search beyond local borders. You can hire developers from diverse c, cultures, experiences, and skills sets.
Are you looking to fill in-demand roles instead? The chances are that the highly specialized skilled developers you’re looking for are available in other countries at varying rates.
You can assess and hire the right freelancer from your location without spending already stretched resources on employee relocation costs.
3. Lower Recruitment and Overhead Costs
The actual cost of hiring an in-house developer starts from the recruitment process. There are many expenses you may incur that includes:
- Job advertising costs
- Recruiter fees and benefits
- Employee referral bonuses or commission
- Candidate travel expenses
- Relocation costs
- HR software investment
Of course, you also invest your time in the recruitment process. Moving beyond this, the overhead costs of having a full-time employee includes the expenses on office setup and daily refreshments.
These are worthwhile investments for hiring the best candidate, but what if you make a bad hire? And even if you don’t, why waste resources when you can work with a freelancer that can deliver the same or better quality of work?
A good place to find one is to check out any of the best websites to hire freelance developers for your business. To get the best-fit candidates, pay attention to those sites that vet developers.
4. Easily Adapt to Market Changes
In a fast-paced industry such as the tech space, changes are ever-occurring. Relying on the abilities of a full-time developer limits you to their knowledge.
If the leading technologies change, they may spend a long time learning a new tech stack or whatever they need to meet up with current needs.
That’s where freelancers come in. You can hire freelance developers with specific skills for a project and hire another for the next project with different requirements.
There’s little to no training period required.
Adapting to demand is another bonus. You can expand the size of your team during heavy maintenance periods, new projects, or other demand factors and reduce it accordingly.
This is ideal if you have inconsistent workloads.
5. Faster Time-to-Market
In a study by Harvard business school and the Boston Consulting Group (BCG), 40% of companies reported that hiring highly skilled freelancers through digital talent platforms helped them improve productivity, innovation, and speed to market.
It is no surprise that businesses can hire freelancers across experience levels, skills, and other requirements within just a short while. Freelance developers require less training and onboarding time.
They get to work immediately, building whatever product you hired them for and meeting set deadlines. It translates to a speedy development process and a faster time-to-market.
If your product is time-sensitive, this could give you a competitive advantage to edge out other contenders.
6. Reduce Business Risk During Expansion
Starting and scaling a business overseas is a costly venture. Cutting down costs when possible may give you a chance to reduce operational risks.
One way to do so is by hiring freelancers. There’s no need to spend money on the additional monetary benefits of a full-time staff.
You can take on more projects, shore up other assets, and scale your business with that budget. If the developers live and work wherever you’re expanding to, you can tap into their local knowledge.
This allows you to understand the market conditions and other pertinent factors.
7. Increase Innovation
Like the companies in the Harvard Business School and BCG study, working with freelancers can improve your innovation.
First, they contribute expertise that is not available within your company. There are chances that a highly skilled freelancer would know advanced technologies you may not have heard. Implementing these skills in your development process could transform your product.
It’s also worth mentioning that as outsiders, freelancers can bring not just new tools but a fresh perspective. There’s a good chance that they don’t think as your in-house team does.
As a result, they may offer creative ideas and solutions to existing problems and challenges in your operation. This could help your business shake off age-old practices impeding your growth.
8. Less Supervision
As independent contractors, they are familiar with working on projects and meeting deadlines without being closely managed. You only have to send in your requirements and milestones and review their progress at agreed periods.
It allows you more time to focus on other parts of your business that need your attention. For managers prone to micromanaging, the temptation of reviewing every single step of the development process multiple times is lesser. This may significantly boost productivity.
Wrapping Up
The advantages of hiring freelance developers are undeniable. They can help you quickly fill skill gaps, speed up the development process, and stay competitive while balancing costs.
These benefits are not a one-fits-all but can go beyond based on your business. Capitalizing on these advantages could give you even the slightest edge over competitors to help your business thrive. Don’t miss out!
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