What You Should Know Before Restructuring Your Business Around Freelancers

May 29, 2019
What You Should Know Before Restructuring Your Business Around Freelancers
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Technology has dramatically reshaped the business landscape and reset consumer expectations. On-demand services, accelerating innovation and global competition are driving new business models. Successfully integrating a contingent workforce is becoming a key ingredient to remain competitive. By leveraging a talent pool that is highly motivated, self-skilling, and globally proficient, businesses can become increasingly agile.
Before Restructuring Your Business Around Freelancers

Technology has dramatically reshaped the business landscape and reset consumer expectations. On-demand services, accelerating innovation and global competition are driving new business models. Successfully integrating a contingent workforce is becoming a key ingredient to remain competitive. By leveraging a talent pool that is highly motivated, self-skilling, and globally proficient, businesses can become increasingly agile.

Transitioning your workforce to a more freelancer-friendly model requires a strategic, leadership-driven approach. We recommend taking the following steps to prepare:

✓ Conduct a thorough task inventory

✓ Transition to the cloud

✓ Automate and digitize

Employing freelancers vs. full-time employees is not an either-or decision. The wisest companies are utilizing their own unique mixture of the two.

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Technology has dramatically reshaped the business landscape and reset consumer expectations. On-demand services, accelerating innovation and global competition are driving new business models. Successfully integrating a contingent workforce is becoming a key ingredient to remain competitive. By leveraging a talent pool that is highly motivated, self-skilling, and globally proficient, businesses can become increasingly agile. This can enable them to swiftly scale up or down, reduce risk and allow them to more effectively respond to opportunities.

On the road to that new reality, many sectors have already seen vast numbers of traditional jobs downsized, automated or outsourced. As a result, the growth of the freelance economy has outpaced overall traditional employment growth by 3X since 2014. Attracting, retaining, engaging and administering this resource becomes a primary concern. Having the rights tools and organizational processes in place allows businesses to automate and manage talent at scale, while focusing on the human aspect of the talent equation: building working relationships that are mutually beneficial and productive.

Before restructuring your business around Freelancers 🔍

Technology has dramatically reshaped the business landscape and reset consumer expectations. On-demand services, accelerating innovation and global competition are driving new business models. Successfully integrating a contingent workforce is becoming a key ingredient to remain competitive. By leveraging a talent pool that is highly motivated, self-skilling, and globally proficient, businesses can become increasingly agile.

Many organizations are aware of the potential benefits but are struggling to get started. Transitioning your workforce to a more freelancer-friendly model requires a strategic, leadership-driven approach. We recommend taking the following steps to prepare:

  • Conduct a thorough task inventory – In order to determine where you can automate and hire freelancers, you’ll want to understand all the tasks performed across your company. Take a closer look at which operations demand full-time employees and where you could achieve greater efficiency with a more agile team of workers.
  • Transition to the cloud – Mobility has greatly simplified critical functions allowing business owners to assign and manage tasks from anywhere without worrying about expensive tech infrastructure. Freelancers are free to use preferred devices and work remotely in their most productive spaces. Transitioning to the cloud will allow for a more nimble operating environment that is irrespective of geographic location.
  • Automate and digitize – Integrating a robust freelancer management system can make life easier both for your operation’s team and the freelancers you employ. Automation will eliminate lengthy administrative processes and tasks that slow you down. This in turn can make it simple for freelancers and contractors to engage and produce for your company.

Employing freelancers vs. full-time employees is not an either-or decision. The wisest companies are utilizing their own unique mixture of the two. Employees on staff will have a larger stake in the company with more responsibility while your freelance workforce and cloud-based tools can help initiate the increased agility necessary to stay nimble and quick.

Tyler Dlugolecki

Tyler oversees the content production efforts at Shortlist. As a marketer and entrepreneur, he looks to bring fresh thinking to their multi-channel readership. With a background in managing independent contractors, Tyler understands the challenges of modern freelancers and the professionals that hire them.