Outsourcing or Freelance – Which is better?

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Outsourcing or Freelance Which is better?
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INTRODUCTION

• With the rapid growth and improvement of
  industries worldwide, the trend to outsource and
  freelance work has also caught on.
• Not just start-ups, but well-established
  businesses today also want to explore beyond the
  in-house staff. The practice to hire freelancers
  in India is becoming highly favourable for these
  short-staffed businesses.
• Investing in these different third-party services
  has their own pros and cons. Lets discuss them
  in detail so that you can make an informed
  decision for your firm based on your own
  requirements.

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FREELANCING

• Freelancing is simply an independent profession,
  where the freelancer works for smaller projects
  and is paid on a per project basis.
• A freelancer is not the employee of the firm it
  is working for.
• It is more like a one-man enterprise that might
  be working for various jobs from different
  clients concurrently.

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PROS OF FREELANCING

• By hiring freelancers in India, the clients are
  directly investing in hiring third-party
  resources for some specific work areas. This
  implies that they can freely focus on their core
  business functions.
• Easy scalability is one of the biggest perks of
  choosing to work with freelancers. You only pay
  for the services required for every project.
• Freelancers are usually experienced
  professionals, who have expertise in some
  specific functional areas. This ensures that you
  get high-quality work.

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PROS OF FREELANCING

• As they are working from their own homes, you
  dont have to invest in additional office costs.
  Another plus point if you hire freelancers in
  India.
• You dont have to pay them for the fringe
  benefits that are a necessary expenditure in case
  of in-house employees.
• Freelancers operate from a flexible working
  environment, so they are generally open to work
  according to your preferred shift timings.

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CONS OF FREELANCING

• At almost every given time, a freelancer is
  working on a spectrum of tasks from a varied
  clientele. This might put your specific work on a
  halt sometimes.
• As freelancers are working on more contracted
  jobs, subpar output can be another drawback
  associated with this business process.
• Although the service contracts offer necessary
  safety against data theft, theres still always a
  chance of security threats related to proprietary
  information.

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OUTSOURCING

• The process of an organisation hiring a
  third-party company to execute some specific job
  roles is called outsourcing.
• In this business model, the outsourcing service
  providers offer their own workforce/resources to
  the clients for a specific time period.
• Outsourcing has numerous benefits for both the
  parties and hence, this practice is flourishing
  throughout the globe.

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PROS OF OUTSOURCING

• Outsourcing helps businesses save big on labour
  costs. It is estimated that the cost of
  outsourcing is about 70 cheaper than the cost of
  hiring in-house.
• Remote employees are highly skilled in their own
  functional areas. This means that you are
  investing in high-quality services of skilled
  professionals.
• It enables the business owners to concentrate on
  their critical business aspects, which is
  important for the company to run and grow.
• Easy scalability is one of the biggest perks of
  outsourcing. You can simply hire the virtual
  employees based on your specific project
  requirements.
• .

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CONS OF OUTSOURCING

• If you do not partner with a reliable outsourcing
  service provider, you can eventually lose control
  over some aspects of the outsourced tasks.
• Lack of proper communication can also come out as
  a big disadvantage of outsourcing. If youre
  outsourcing to an offshore company, your remote
  employees might not be comfortable with your
  native language. This makes knowledge transfers
  and troubleshooting issues difficult.
• Outsourcing involves the usage of third-party IT
  related services, which can pose security risks
  for sensitive data.

• One shoe doesnt fit everyone. Choose Wisely!

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YOU CAN REACH US

• VIRTUAL EMPLOYEE
• www.virtualemployee.com
• Breakwater Marketplace, 91 Camden Street,
• Suite 312, Rockland, ME 04841, USA
• (1) 877-697-8006
• sales_at_virtualemployee.com

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THANK YOU