Hiring talent is hard.
It’s hard because you won’t know if you made the right choice for at least a couple of weeks, sometimes months. You invest so much time and money into this hire, only to find out they’re not a great fit. We’ve all been there.
You should be celebrating that your agency is growing. But instead you’re feeling stressed and unsure because you know that hiring the right talent is hard.
There are ways to mitigate some of the risk when it comes to adding talent to your team. As an agency owner, I’m sure you looked into the idea of hiring an independent contractor.
Independent contractors are self-employed people who agree to provide their services to a company in exchange for an hourly or fixed monthly rate. There’s many benefits to hiring independent contractors as opposed to hiring a full-time employee.
Smaller financial investment
Independent contractors require a much smaller financial investment compared to hiring a full-time employee. Employees require a competitive salary, health insurance, and tax withholding.
Independent contractors don’t require any of the above. As long as you’re able to pay them their hourly/monthly rate, you’re good to go. Independent contractors are responsible for paying taxes, and purchasing their own insurance plans.
Smaller time investment
Hiring full-time employees requires investing a lot of time. Interview processes can be time consuming, especially if you go 2-3 rounds. On top of that, you want to spend some time training the new hire so that they’re comfortable.
Hiring independent contractors doesn’t have to be as time consuming, because you’re not tied in with them the way you would be with a full-time employee. So the interview process doesn’t have to be as tedious. You shouldn’t have to spend any time on training either because you’re hiring them to get a job done. They should already be more than capable of completing the task(s) you’ve set out.
Hiring full-time talent for your growing agency can be stressful. Hiring independent contractors can still be stressful but require a much smaller investment, so they’re less risky. Pros and cons exist for both, so as a business owner it’s up to you to decide which direction is best.
