In today’s world, an increasing number of companies hire freelancers and independent contractors to perform various essential jobs in their business and fill skill gaps. However, as the number of freelancers grows, managing them can be a huge hassle and this is when many of the companies realize they need help.
Luckily, excellent advancements are made in the world of technology and companies should not allow the challenge of managing the freelance workforce to stop their business from reaching new heights. By implementing a freelance management system in your business, you’ll be able to manage all operational aspects of employing and working with freelancers, including financial and legal concerns.
Below, we’ll go over the top reasons why you should utilize a freelance management system and how it can help your business self-manage its relationship with freelancers.
Increase Productivity
Every business strives to increase its productivity and trim unnecessary costs. However, with a huge number of freelancers, it can become rather hectic to ensure employee productivity. Some of the main reasons why companies choose to use this system are precisely their need to increase productivity and help their employees attain their goals.
Once a freelance management system is implemented, it will instantly promote collaborative work and ensure that no time is spent in vain. If you work in a company that works with hundreds of freelancers, this type of software will help you manage them in an organized and efficient manner, while doubling the productivity of your business.
Talent Acquisition
As a start, the talent acquisition team must define the main requirements they wish to see in a freelance management system.
For instance, if your business works regularly with marketing consultants, you would need a freelance management system that offers service providers and suppliers as options for project work. To allow teams to ensure that there are no roadblocks to using this system, companies should share their workflow process.
Recruiters and managers must pick an application that will effortlessly map to their business needs while also providing a hassle-free experience for the freelancers that they hire.
Efficient Onboarding
If you don’t have a strategy in place, it can be easy for freelancers to slip through your onboarding process as they have very few touchpoints with your company.
A freelance management system can centralize the onboarding process and make sure that the workers go through the necessary security and compliance steps. Since onboarding should be a straightforward process, your organization must ensure that the freelancers are engaged quickly without a lot of paperwork involved.
A freelance management system will allow your new freelancers to manage their timesheets once hired without any back-and-forth emails or phone calls.
Enhance Relationship With Freelancers
As most businesses operate digitally, they cannot meet with their freelancers physically and this creates constant conflicts with their freelance workforce which is bad as it can hamper the development of the business.
Freelance management systems are excellent for fostering a good relationship between you and your freelance employees. This system will offer you more opportunities to interact with them over projects.
Effective communication is key when working with freelancers because if anything goes wrong, there could be a serious impact on the project’s success. For this reason, you must do your research and find a freelance management system that offers features and tools for easy communication without the need of installing any new software or apps.
Reduce Costs
When managing your organization and workforce, using old traditional means can be costly so look for the right strategies to cut the most unnecessary expenses. By introducing a quality freelance system, you can save time and effectively manage many freelance workers and, as a result, achieve your business goals.
This type of system will introduce a company-wide approach to the management and hiring of your freelancers, allowing you to track exactly how much you are spending and for what.
Manage Invoices and Payments
The best part of this system is the ability to manage invoices and payments as it ensures that freelancers are paid on time without any administrative or communication errors between different parties involved in the process.
Hiring recruiters and managers can also make better-informed decisions as they can see how much time was spent on a project and directly compare this to the number of hours spent. By managing invoices in the system, freelancers will be paid accurately as all of their timesheets are readily available in one place.
Final Thoughts
Increasing productivity, reducing costs, and improving relationships with freelancers are just some of the reasons why you should consider using a freelance management system. It can be a true game-changer and allow your organization to take full advantage of top talent without being slowed down by internal bureaucracy.
