Why Hiring an Independent Consultant is Less Expensive than a Full Time Employee
Updated: Jan 29
Photo by Bench Accounting
There’s a recession coming. We’re hearing that everywhere. Still, a recession doesn’t stop you, the entrepreneur or small business owner, from needing to get the necessary business tasks done. As the number of tasks continues to grow and rather than doing these tasks yourself, you may be considering hiring some help. When the time comes to choose between hiring a full time employee or outsourcing to an independent consultant, it might make sense to consider hiring the independent consultant, and here is why…
Hiring an independent consultant is often more cost effective.
Independent consultants use their own equipment for the services they provide. There is no overhead for a computer, desk, or office space.
Independent consultants pay their own taxes and healthcare benefits. As a business, you don’t pay for their vacation pay, unemployment insurance or disability insurance.
Independent consultants are generally responsible for paying for their own industry training. As a business owner, you can provide job specific training, but it’s up to the consultant to be knowledgeable and prepared.
Independent consultants are able to work short term, long term, or project based work, allowing business owners to pick and choose when support is needed. A full time employee is paid their salary consistently, no matter what the length of the project is.
Independent consultants work flexible hours and schedules. The freedom to choose when and where to work allows for better work-life balance and greater control over their own time. This makes for a more satisfying work environment, greater job satisfaction, and a better job done, which is a great benefit for your business.
Why not use an independent consultant on a trial basis to see if they’re a good fit? If it doesn’t work out, it’s easy enough to end the contract or find another consultant, and it might take a couple of tries before you get it right.
Being cost effective AND getting the needed support for your business is a win-win!
If you find yourself in the position of needing to hire an extra hand, let’s set up a free 30 minute discovery call, to see how I can support you.
“Pleasure in the job puts perfection in the work.” - Aristotle
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