Why recession is good for freelancers
Posted on 27. May, 2009 by Amod in Freelancing Info
No one needs to be reminded of the “R” word and anything ugly related to it. Layoffs and worthless investments notwithstanding, recession might actually be a boon for some viz. freelancers. As businesses go cost-cutting eventually they do see some business sense in hiring freelancers for some of their work like accounting, web presence and maintenance, adminstrative tasks (payroll, HR, data entry etc) rather than pay a fulltime employee.
I am not arguing against the benefits of having a full time employee, but during these uncertain times, you, as a freelancer can bring the following benefits to the attention of your potential hirer:
Freelancers cost very less in the long term. Employers need only pay the fees during the course of the contract. No recruitment expenses, no benefits (insurance, health plans, retirement plans etc) and other employee taxes.
No training required. Freelancers usually are skilled in their work and do not incur any training expenses. Infact, good freelancers retool and reskill themselves to get that edge over others.
Cut down on related overheads. There is no requirement for additional office space, furniture and office equipment. Employers don’t have to worry about rising telephone and internet costs and whether the internet is being used for social networking or work.
Easy to replace freelancers. Well, usually, but not in all categories. If a freelancer is not upto the mark, just fire and get another in his /her place without the guilt, the added cost of advertizing for the post etc.
Above were points for your potential hirer.
For employees looking to take the plunge or who have just received the termination letter, this is a great time to do so. Begin freelancing from the comfort of your home and this might be something you have been waiting for.
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