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Outsourcing or Freelance – Which is better?

Outsourcing or freelance u2013 business owners find it confusing to choose the right third-party service. Here are their pros and cons to help you make an informed decision.

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Outsourcing or Freelance – Which is better?

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  1. Outsourcing or Freelance – Which is better?

  2. INTRODUCTION • With the rapid growth and improvement of industries worldwide, the trend to outsource and freelance work has also caught on. • Not just start-ups, but well-established businesses today also want to explore beyond the in-house staff. The practice to hire freelancers in Indiais becoming highly favourable for these short-staffed businesses. • Investing in these different third-party services has their own pros and cons. Let’s discuss them in detail so that you can make an informed decision for your firm based on your own requirements. www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  3. FREELANCING • Freelancing is simply an independent profession, where the freelancer works for smaller projects and is paid on a per project basis. • A freelancer is not the employee of the firm it is working for. • It is more like a one-man enterprise that might be working for various jobs from different clients concurrently. www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  4. PROS OF FREELANCING • By hiring freelancers in India, the clients are directly investing in hiring third-party resources for some specific work areas. This implies that they can freely focus on their core business functions. • Easy scalability is one of the biggest perks of choosing to work with freelancers. You only pay for the services required for every project. • Freelancers are usually experienced professionals, who have expertise in some specific functional areas. This ensures that you get high-quality work. www.virtualemployee.com sales@virtualemployee.com (+1)8776978006 www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  5. PROS OF FREELANCING • As they are working from their own homes, you don’t have to invest in additional office costs. Another plus point if you hire freelancers in India. • You don’t have to pay them for the fringe benefits that are a necessary expenditure in case of in-house employees. • Freelancers operate from a flexible working environment, so they are generally open to work according to your preferred shift timings. www.virtualemployee.com sales@virtualemployee.com (+1)8776978006 www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  6. CONS OF FREELANCING • At almost every given time, a freelancer is working on a spectrum of tasks from a varied clientele. This might put your specific work on a halt sometimes. • As freelancers are working on more contracted jobs, subpar output can be another drawback associated with this business process. • Although the service contracts offer necessary safety against data theft, there’s still always a chance of security threats related to proprietary information. www.virtualemployee.com sales@virtualemployee.com (+1)8776978006 www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  7. OUTSOURCING • The process of an organisation hiring a third-party company to execute some specific job roles is called outsourcing. • In this business model, the outsourcing service providers offer their own workforce/resources to the clients for a specific time period. • Outsourcing has numerous benefits for both the parties and hence, this practice is flourishing throughout the globe. www.virtualemployee.com sales@virtualemployee.com (+1)8776978006 www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  8. PROS OF OUTSOURCING • Outsourcing helps businesses save big on labour costs. It is estimated that the cost of outsourcing is about 70% cheaper than the cost of hiring in-house. • Remote employees are highly skilled in their own functional areas. This means that you are investing in high-quality services of skilled professionals. • It enables the business owners to concentrate on their critical business aspects, which is important for the company to run and grow. • Easy scalability is one of the biggest perks of outsourcing. You can simply hire the virtual employees based on your specific project requirements. . www.virtualemployee.com sales@virtualemployee.com (+1)8776978006 www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  9. CONS OF OUTSOURCING • If you do not partner with a reliable outsourcing service provider, you can eventually lose control over some aspects of the outsourced tasks. • Lack of proper communication can also come out as a big disadvantage of outsourcing. If you’re outsourcing to an offshore company, your remote employees might not be comfortable with your native language. This makes knowledge transfers and troubleshooting issues difficult. • Outsourcing involves the usage of third-party IT related services, which can pose security risks for sensitive data. One shoe doesn’t fit everyone. Choose Wisely! www.virtualemployee.com sales@virtualemployee.com (+1)8776978006 www.virtualemployee.com sales@virtualemployee.com (+1)8776978006

  10. YOU CAN REACH US VIRTUAL EMPLOYEE www.virtualemployee.com Breakwater Marketplace, 91 Camden Street, Suite 312, Rockland, ME 04841, USA (+1) 877-697-8006 sales@virtualemployee.com

  11. THANK YOU

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