Pros and Cons of Hiring in-house vs. Outsourcing
by Nivi Ashri InterloperExpanding
your business? Need more employees to handle all the extra work? If so, should
you hire them in-house or find a freelancer? The solution is determined on a
case by case basis. A general rule of thumb is to hire in-house for long-term
work and outsource the short-term, temporary work. The three biggest factors to
consider before making a decision are cost, experience and flexibility. Based
on your available budget and the professional you need, you will need to turn
to either a freelancing portal or agency or post a job opening and wait for
applications to come in.
Pros and cons
On one hand, in-house hiring enables you to actually meet the person you will
be working with face to face. The employees will be more invested in their work
and feel secure about their job position as these are typically long-term
contracts. So, reduced risk of employee turnover is an added bonus. And if any
issue arises, their attention will turn to it immediately and the issues will
be resolved quickly whereas freelancers may give priority to previously
assigned tasks. The situation can be easily controlled.
On the other
hand, finding the qualified employee you are looking for may largely depend on
your location. The entire process of posting a job opening, going through
applications and selecting the right candidate can take anywhere from a few
days to several weeks. Then there are the extra benefits employees will want
and expect you to provide them with. Do the pros outweigh the cons? It is up to
you to decide.
Outsourcing has many pros. From people specializing in your exact area,
to a shorter selection process and prompt completion of a single task or
project. It is ideal for short-term work. Plus, the freelancer is not
necessarily tied to a certain location. They can be anywhere in the world and
do the work online. This opens up the opportunity to find an expert from abroad
and (possibly) save some money in the process. You can have a firmer control of
your budget as freelancers will work a previously fixed rate.
Yes,
outsourcing is a great idea. But, you need to also consider the fact that
certain countries may have different standards when it comes to your work. The
freelancer that seems highly capable and has the set of skills you need may
actually have some geographic and cultural limitations on how to do certain
things. And the freelancers portals are swarming with fake accounts boasting
their skills so be careful whom you choose. Miscommunication may occur,
schedules might need to be adjusted to different time zones etc…Plus,
freelancers give priority to higher paying jobs so you need to be upfront about
what and when you need it done when you assign a task.
One
in-between alternative is to sign up with an outsourcing company and let them
fulfill your short term needs. Over time they will get to know your company
culture and what you expect and will try to assign you resources that are a
good match. Also – if one freelancer is sick or on vacation, they can always
provide an alternate and you wont be stranded. Yes they will cost a tad more
than hiring individual freelancers but the benefits may outweigh the little bit
extra cost.
The perfect
solution for your company is likely a combination of both in-house hiring and
outsourcing. It all comes down to the three above mentioned factors: what, when
and whom you need it done from. Ideally, in-house employees will do all
long-term work whereas freelancers can cover any short-term work.
We hope this
article was helpful. Fore more on this subject, visit us at http://bit.ly/hire-or-outsource1
Good Luck!
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Created on Dec 4th 2017 08:59. Viewed 554 times.