The labor market changes and evolves thanks to freelancers. Many skilled professionals decide to forgo traditional work schedules, so they can focus on projects and milestones and rediscover themselves.
There are benefits to both full-time employment and freelance contracts. Many companies decide to combine the two approaches to maximize business benefits. Yet many are undecided about freelancers and insist on full-time and part-time working hours.
At the same time, many companies use freelance platforms to be able to hire a developercomputer scientist, content writer, writer, graphic designer or any professional they need. The main benefit of hiring freelancers is paying for the work actually done and having the results delivered on time. Moreover, you can hire developers from all over the world and find the most suitable talents for your project.
That’s why we choose to talk about the pros (and cons) of hiring a freelance developer but also being a freelance developer.
Advantages and disadvantages of hiring freelance developers
When hiring a full-time developer, there are many additional expenses for the company besides the salary.
IT companies choose freelancers so they can save money on training, benefits, taxes, and health insurance. These payments are mandatory for full-time employees. Freelancers offer their services and they are paid for the same service as negotiated with the client. Thus, this leads to these benefits:
1. Hire the right person
There is no need to estimate personality, check productivity or gossip. If you need to hire laravel developers, do it. If you need to hire Java developers, contact them directly. There is no recruitment process or interviews since you know exactly who you need and what your budget is for this project.
2. Talented freelancers open to work
The main benefit of hiring a freelancer is access to plenty of specialized talent who can complete the project on time. They still deliver exceptional work without using perks like company computers, desks, and office supplies, and they don’t ask for a permanent position with the company.
3. Diversity and flexibility
Freelancers work when they want and can set a schedule that suits their routines while being more productive than in-house developers. Sometimes they are available on weekends, which means fast reaction and immediate bug fixes.
Additionally, diversity is beneficial due to different approaches to tasks, work culture, and education, which leads to better business solutions.
4. Versatile Developers
At the same time, here are some of the cons of hiring a freelance developer:
- They are not loyal to the company and may work for your competitors
- Lack of supervision
- Inconsistency in the quality of work provided
- Payment limitations and keeping tabs on many payment methods
- They may not be available when you need them urgently
- Different security issues
It is therefore crucial to find the balance and make the right decision. Sometimes in-house developers are a better choice because they are committed to company projects and milestones and get paid regularly for it.
Advantages and disadvantages of being an independent developer
Flexible hours and being your own boss – that’s what you get when you choose to be a freelance developer. You do not have social advantages such as paid taxes, sick leave, paid vacation or maternity leave. But, many developers claim to earn enough to afford to skip a few days to go on vacation, pay for private healthcare, or even take maternity or paternity leave and offer their services after a few months.
1. You are flexible and independent
You don’t have to depend on the office, working hours and rude colleagues. Freelancers are mostly self-employed and can work flexible hours. This means you have no office politics, no meetings, no distractions, and no pressure.
You can even choose to work fewer hours if you’re on vacation and have full control over that decision.
2. You can choose customers alone
When you work in a company, you are determined to meet their customers and you have to get used to many rules, protocols and work procedures. But, as a freelancer, you can choose the right clients and strike a deal with those you want to work with.
Or we can say that you interview them too, like they do with you. It can tell precisely whether you are a good match or not. Many freelancers have long-time clients and still manage to maintain their flexible hours and independence.
3. You build an outstanding CV
Freelance projects are relevant to your work history. You can prove that you have the necessary skills for a job, even if you later decide to go full-time.
Employers also value freelancing experience, which makes it relevant when making decisions on who to hire.
4. You can take time
Freelance developers are well paid, and if you are, you can surely take time off if you feel too tired. On the other hand, it’s a bit complicated when you have a long-term customer, but we’re sure you can figure that out.
And let’s see the potential downsides of freelancing as a developer:
- You have to pay self-employment taxes
- Some deductions may be higher than expected
- You pay for your insurance yourself
- You are not eligible for benefits
- Sometimes it’s not easy to find a good client
- Some payment methods may not work in your country
- Projects may end earlier than expected
- You will mainly work alone from home
- You may feel isolated
Again, it’s up to you to find the balance and make the right decision at the right time. The good thing is, experience matters, and you can always apply for a 9 to 5 developer job and get hired right away. Plus, you can still keep some of your side gigs, just in case.
The last words
We’ve tried to cover every possible aspect to help you decide if you need an in-house developer or if you can keep freelancers. Plus, we hope we’ve helped developers decide if they still want to stick with their indie projects or if they want to try something new and enjoy employee benefits.
Nobody can ever answer whether it is better to be or hire a freelancer or offer a full-time job to a developer. It all depends on the current conditions, budget, availability and actual needs for this position. We also hope companies recognize the benefits of hiring freelancers.
Additionally, we suggest trying the hybrid method, mixing both in-house and freelance developers, to maximize productivity, efficiency, and number of tasks completed.