How can your Business Gain from Gig Economy?

5 Ways your Business can Benefit –

The past decade has seen a surge within the number of gig workers, showing wide economic and demographic shifts and raising concerns around long-term financial security for a growing share of the workforce, according to some experts.

“Gig” workers are folks who work on a contingent basis: meaning consulting, freelance or temporary. Their count has risen dramatically within the past decade. The rise stepped up around 2007 during the worldwide economic downturn, and by many accounts, gig workers now represent a 3rd of the workforce.

What composes the “gig economy” isn’t well-defined but usually includes people like independent contractors and on-call and temp workers.

This new industry has also created new sorts of jobs for people to earn good income. Gig workers include from an Uber driver to project managers, Web Developers and application developers who are influential in digital transformation projects that global companies are investing in.

By hiring gig workers and contractors (fixed term or project-based employees), companies are often more agile within the way they answer customer needs. They are set to bring experts freelancers from India with niche skills on board during the transition period, without having in touch high overheads of a permanent staff. A mingle workforce, if managed well, can give the corporate the launchpad it must stay before its competitors.

While the benefits that freelancers gain are many—including the pliability to figure from home and set their own working hours—the gig business are often incredibly advantageous to business owners also.

Here are the ways your business can enjoy the gig economy –

1. More Workforce Flexibility:

Hiring a full-time or maybe a part-time employee means you’ll need to offer them a group number of hours. Alternatively, hiring freelancers in India offers you the choice of flexible manpower. Whether it’s a small-scale project or a way larger one, you get the precise manpower that you simply need consistent with your requirements. For instance, you’ll hire a freelancer in India to figure on your social media pages over the weekend even when your business is closed. Since remote workers are hospitable flexible work hours, it works out well for both your business and them.

Understanding the freelance economy and aged board with the gig business revolution may be a great alternative to make sure your goals of sustained growth, greater output and increased revenue for your business are achieved.

2. Cost Effective:

A report titled “The way forward for Work is Anywhere – Gig Workforce” by Noble House revealed that 45% of the HR heads hired gig workers to supplement the talents of the prevailing workforce. Interesting to notice was that 39% said they chose gig workers to scale back the value to the firm. Hiring freelancers can help your business hamper its overall spending in various ways.

We all know that office spaces are priced at a supreme. Indian Freelancers are supplied with home offices which will reduce the necessity for office space and utilities. Independent contractors, who are specialists in their field, also require a coffee level of supervision and training, thereby lowering the coaching and development costs. Choosing a gig business strategy further allows you to eliminate costs on benefits like healthcare, retirement, transport and paid leave also.

3. Easier onboarding:

Any company that experiences turnover knows that the onboarding process is often costly and time consuming. Consistent with HR Onboard, a person’s resources consultancy, the annual onboarding costs for a little to medium business that onboard 100 new employees annually , can reach upwards of $40,000. And consistent with e Learning software company Panopto, half all corporate onboarding programs take as long as a month or more.

This is why, according to the KellyOCG report, 36% of companies are bringing gig workers into play. The report found that working with freelancers in India means faster onboarding and a neater thanks to lock in outside resources.

Doing business with remote workers is often an excellent way for companies to undertake prospective employees. And consistent with the KellyOCG report 26% of companies use independent workers to make early relationships with talent rather than browsing the normal hiring process of multiple interviews then possibly being disappointed with a replacement employee’s performance, companies can give assignments to freelancers to measure whether a prospective employee may be a good fit.

4. Reach Specialized Talent:

Freelancers constantly expand their skill sets to stay up with the evolution of the workforce. They have a tendency to be more innovative and receptive to new technology as they accumulate many experiences from using their specialized skill sets to figure with a spread of various businesses. This benefits businesses seeking to rent candidates with niche skills. The 2018 “Future Workforce Report: Hiring Manager Insights on Flexible and Remote Work Trends” highlighted how skills are getting more specialized and thus the way freelancers could fill this gap. As an example, gig workers are an excellent option for businesses seeking specialized skill sets like AI, robotics, data science and block chain.

5. Hire for Individual Projects:

Perhaps the leading cost-efficient strategy to lift gig workers is to recruit them for work on specific, time-sensitive projects. Such projects may lie outside the scope of your in-house staff’s core competencies and would necessitate additional (and costly) training to bring those employees up to hurry.

A freelancer, on the opposite hand, is usually ready and willing to work on a project requiring specialized knowledge — and should have additional insights (based on their experience) that move the project forward more efficiently and economically.

Tips for Interviewing and Hiring Freelancers in India

Tips for Hiring Freelancers

Hiring freelancers on a per-project basis can often compute far more cost-effective than taking over a full-time member of staff. Maybe your working relationship with the freelancers hired are often very different from your in-house hires. In-house teams are basically far more expensive and harder to manage. Freelancers, on the other hand, allow you to be versatile and pay them only for the projects and tasks you require. Freelancers manage their own time and workload, and with their specialized expertise are able to reach the deadlines before given time.

Oftentimes, freelancers feel like outsiders at the workplace. Let their skills and their work impact the corporate and provide them feedback such as you would your full-time employees. Even invite them to company events. If these people are working for you, there’s no point why they should be forced to the side. Don’t just choose the first freelancer that comes even if they have Top-rated qualifications. Freelancers are still working for your company. They’re still going to interact with others. So cultural fit isn’t an element that ought to be placed on the rear burner. It’s always helpful to find a freelancer who fits in with your organizational culture.

Let’s discuss five tips to look for when hiring freelancers in India which help you explore freelancers who accomplish business goals-

1. How long a person is working as a freelancer?

Asking a freelancer about how long he/she is working as a freelancer will help you understand what to expect from the freelancer. An experienced freelancer is probably having more productivity, while freelancers who are beginners are more flexible and budget friendly. Good freelancers have solid experience with many various sorts of businesses. As they continue to work with a variety of clients, they expand their skills and your company will benefit from their knowledge.

2. Ask about their past projects?

One of the best tips for hiring freelancers is to discover the freelancer’s area of expertise, so as to understand what special project you want to hand over from your end. You would also get a good idea of how he/she expounds your project and what principles from past projects are likely to be applied to yours.

3. Ask about their working hours?

A full-time freelancer is more likely to possess the bandwidth to take a position into your project while a part-time freelancer will probably be available only during the evenings or weekends. Make your decision counting on the timeline of your project. Sometimes working hours depend on the requirement of the projects how much working hours per day a project needs to be complete or it is for long or short term.

4. How much do they charge?

Freelancer will charge 10%, 5%, or 3% of the complete amount immediately, supporting your subscription. Most of the beginners start with a free account, and hence are charged 10% of the full amount from Rockerstop.com. Basically, a freelancer is charged an hourly rate for the time that they worked. Either you can ask to estimate the number of hours that a project would take, or they would utilize the time tracking software. This would literally track your computer activity as the freelancer worked on the project. When getting started, this isn’t a good way for freelancers to cost high for themselves. If the client’s scope creeps up or the project takes longer than anticipated, then freelancers are compensated for that additional time.

5. Ask for a project proposal or contract?

Too often, the client-freelancer relationship drives into inconvenience due to assumptions that have gone bitter. To avoid disagreements and keep a good working relationship, compute mutually agreeable terms through a contract or proposal. This is very true within the case of huge, long-term projects, because it will bring both parties on the ‘same page’.

6. What’s the work structure a freelancer follows for a project?

You could also phrase this question differently and ask what his/her initiative on your project is probably going to be. The answer should offer you an inkling of how well the freelancer has understood the scope of the project, your business objectives and milestones. If you were to pose the question to a contract blogger as an example, you’d get insight into his/her research methodology–the sources they use for reference then on.

7. Ask for samples and references?

At last however good the interview might have gone, your decision will need to take into consideration the exact work done by the freelancer, not just what he/she says has been done. This is easier for a few jobs like designing and content writing, while it’s going to not be as clear in roles where the freelancer had provided strategic direction, for instance as a consultant. In such matters, a reference or feedback from previous clients will help you in making decisions.

I hope now you will be able to get an idea what you should ask a freelancer before hiring. Let me know in the comments what you think about these tips or you have any other tips.

Five Traits to look for while hiring freelancers in India

5 Qualities to look when hire freelancers

Freelancing has become a source of economic process round the world and will be a secret ingredient for our economy growth. More than 500 companies and start-ups regularly outsource their highly budget projects to freelance writers, designers, and developers to make sure a top-quality product completed within budget during a short period of time. Several websites today connect quality freelancers to genuine clients. The reason why companies hire a freelancer is they are continuously focused on performing a superb job on time. For freelancers, reliability and fulfilling your expectations are high priorities, and meeting deadlines are great ways to make good working relations and be hired for other projects within the future. Freelancers help in making new ideas for your business and simply put them into practice and also provide a valuable contribution to the business.

If you are also thinking of hiring quality freelancers for your business, keep an eye out for these five traits:

1. Attentive

Most of the freelancers put their best efforts during an interaction with clients. The quality of the freelancer’s profile could be a direction of his/her attitude towards work. The way freelancers communicate, or respond to the details say a lot about his/her seriousness for the work. Disconnected thoughts can indicate a person is careless and inattentive to details.

2. Consistent Work Past

Some freelancers could also be skillful at their work but lack the talents to present their thoughts effectively. Look at their online portfolios, check their ratings, and see what clients they need worked for repeatedly. Talk together with your candidates over the phone, in person, or by Skype and make assessments supporting their work and your interviews. Good communication skills would be an absolute requirement for a marketing or communications project, it’s going to not be that one non-negotiable trait on a technical project. In such cases, rummaging through the freelancer’s portfolio will offer you a thought about his/her suitability for the project at hand. The brands they’ve been related to either as freelancers or on a full-time job, the testimonials they’ve received and therefore the quality of labor they’ve delivered on previous jobs will be the right decision to avoid false claims.

3. Enthusiasm to Learn

Willingness to find out new skills is one among the foremost important qualities’ employers search for when hiring new employees. Being a freelancer in any industry declares a way of freedom upon you – and to some … into the firing line quickly so you will need to be responsive and enthusiastic and willing to adapt to differing cultures and always ready to explore. Try to interact with the freelancer before you bring him on board. Most of the freelancers have their subject matter expertise and are sometimes more qualified than you. Every project is unique and a freelancer who comes with a “I can do” attitude will stand on your requirements and recommendations.

4. Independent Workforce

Top rated freelancers require minimal hand holding on the job. Freelancers know what is expected from them and work actively to meet deadlines. Also, freelancers work remotely, lowering the office space needed and utilizing their own resources. Freelancers require minimal contribution from the client side. Freelancers are most of the time highly experienced and also very quick to accept the culture of your company and can establish good working relationships which helps to be connected for a long time.

5. Versatility

Top rated freelancers make a brief list before starting any projects and agree on all the terms and conditions, which totally avoids the new demands or unexpected changes in the project completion. Flexible freelancers deliver high-quality work, which they prove that they don’t got to be physically present to supply quality work. Freelancers have their success metrics, not supported the amount of projects engaged but the amount of successful projects. So, freelancers know that if they don’t provide quality work to their clients, their future is going to be in danger. Therefore, freelancers affirm to deliver quality work to clients. It is highly recommended to hire quality freelancers who are able to compete with the new challenges and have willingness to learn.

Conclusion

There are a few risks related with hiring freelancers in India that you should check out before hiring but reviewing freelance profiles will lower the chances of any false claims. From freelancers, you will be able to get quality work on time, it saves costs, meets deadlines, and so many other perks without any burden. Whether you need full-time or part-time, freelancers are available whenever you need them on an urgent basis.

Let us know if your freelancer has any of these traits. Also share your experience with your recent freelancer. We would love to hear from you.

Why hire a freelancer for your business?

Advantages of hire a freelancer

Conventional economy is being redefined today by what economists have dubbed the gig economy. Increasingly, a highly-skilled employee is choosing to opt out of the constraints of corporate life to work on a per-project basis. Highly evolved remote technologies make it possible for this versatile employee to overcome the challenges of space and time zones.

Perhaps one among the highest reasons I tell you why companies hire freelancers is because they’re less expensive than full-time employees. Sometimes, the work that must be filled isn’t routine or it might be a one-time task. For this reason, freelancers can accomplish the work and obtain paid only whenever you would like them.

It’s the time of the freelancer. Even with the challenges facing freelancers like the unpredictability of income and lack of benefits, more and more workers are either abandoning their traditional jobs in favor of a more flexible schedule or keeping the safety of a permanent position while freelancing on the side. With the numbers growing steadily day by day, it is understandable that freelancers would eventually have become the choice of corporations.

Even Now you are wondering whether you should hire a freelancer or go with an in-house resource, we will help you to make a decision. Here are seven vital reasons why you should hire a freelancer:

1. Budget-Friendly

Hiring a freelancer doesn’t require the expense or resources required for training or onboarding. They don’t need sick pay, holiday pay, medical or other benefits. Thus, although pro-rata costs could be slightly higher, freelancers cost less within the end of the day. If the freelancer works remotely, they’d even be ready to save on office supplies and space.

2. Expert on the Subject

An Individual person might not be an expert in everything required from a specific profile. for instance, your company may have to supply videos, maintain blogs, oversee the web site and develop marketing strategies. Finding a candidate who is an ‘expert’ in each of those niches would be extremely difficult. Besides, the candidate might not be required to try to do all of those activities on an ongoing basis. Hiring different freelancers, as and when required, would be far more cost-effective.

3. Save Money

Hiring a freelancer will save your lot of money. Regardless of a contract worker’s hourly rate, it’s imperative to keep in mind that you simply aren’t liable for paying a menagerie of advantages on behalf of your freelance talent. This includes Medicare, Social Security, insurance, retirement benefits, and more.

Also, we all know office space is at high expenses. Freelancers typically are equipped with modern home offices and may work remotely, lowering on office space needed. In addition, supply costs are lowered because contract workers work remotely typically own and utilize their own resources.

Let me evaluate more…Suppose you need a professional writer for a single project. It would not add up to rent a full-time writer, because your writing needs aren’t enough to justify it. Hiring a full-time employee would be much more expensive and a waste of company money. However, a freelancer would fit the project perfectly. The company will use the freelancer’s skills for their projects, pay them then the two entities would part ways.

4. Hire Talent Globally

Opening up your talent pool to the worldwide workforce often makes it easier to rent for specialized roles. International freelancers could also provide the required Expertise to manoeuvre your organization into a far-off market — and offer a high level of skill at a cheaper rate.

5. Project Completion Time

Freelancers are in a rush to complete projects and start next. Some companies are required to complete their business work on an urgent basis. Hiring a freelancer can limit the project completion time.

6. Good Industry Relation

Yet another reason why you need to hire a freelancer in India is that tons of them accompany great networking skills. Networking is critical for a freelancer to survive, especially in specialized fields. Often, they go to be able to introduce you to the who’s who of your industry.

7. More Flexibility

Let’s be honest. Your business needed a yoga lesson. Consumers today want quick answers, so your business hours have to be as flexible as a yogi on muscle relaxers. The perk of a freelancer is that when you’ve shut up buy the day, your social freelancing whizz are often tapping away replies to Facebook messages, answering blog comments and interesting with a community renowned for being night owls!

8. Risk or Hassle Free

Freelancers are basically self-employed; they’re not full-time employees. They don’t have the proper unemployment insurance, and infrequently have the proper compensation benefits. They don’t have the proper to sue for harassment, discrimination, or unfair dismissal. If they’re not the proper fit, they’re easier to sack and replace.

I hope now you will be able to make a quick decision to hire a freelancer to get your business work done. Be in Touch to get more information about how freelancers are helping in the rise of the freelance economy.