How To Manage the Risks Of Hiring Freelancers?

Hiring!!! Are you thinking of the next freelancer to hire for your project? Do you want to know how you can manage the risks of hiring freelancers? This is the first process that a stable business cannot avoid doing as long as the business owner wants progress for his/her business.

Freelancing is no longer a new word since everyone is trying to start it but why are you still waiting for people's results and not starting your journey as a freelancer and getting things done? In the USA, 57 million workers opted for a freelance business employment option. 70% of SMBs in the U.S. have worked with freelancers at least once. 81% of these companies plan to hire freelancers again. 83% agree that freelancers have greatly helped their businesses and improved their potential. 48% of businesses hired freelancers in 2018, up from 43% in 2017. This is expected to increase steadily as the ease of hiring freelancers increases and company policies become more aligned to processes like remote working. Today, project team management has become a bigger challenge than ever before as clients are taking a big risk in hiring the freelancer of their choice. When you need someone to help you with your project or startup, you must collaborate with freelancers and perform the role of hiring.

According to Damien Chapus, CEO of UpMyChain, an international freelance exchange, 30% of Fortune 500 companies regularly hire remote employees. For companies, the availability of freelancers allows them to get the workforce quickly to occupy posts that are needed for short-term work or additional workforces for certain events. If you are a business owner and you don't want to stress your staff and get rough work, freelancers can bring the expertise you need to get the job done since they will interact with your team especially and provide you with quality work. One of the main problems that clients are facing today is "ghosting". This is the act of investing time in recruiting, interviewing, onboarding, and training new workers to work on your project. Then, after a day or two of working together, the hired person suddenly disappears without giving any signs to the employers. If you have experienced different problems in hiring freelancers, you need to take the risk again and protect yourself.

There is no extra tool or something special that will save you from all possible risks in cooperation with freelancers. But you can probably reduce the rate of risks you take on each of your projects.

Here are a few tips on how to manage the risks of hiring freelancers:

Provide clear policies

An employer who wants a clean job will never start a business without providing clear policies. These policies should be the track that will analyze all the potential risks that a freelancer may face. If you want to avoid arguments with your workers then you must introduce your company or work policies to them. A perfect policy should at least have information on internal rules, company, project purpose, and scope. The company or project procedures must be defined clearly to the hired freelancer. In doing this, you're reducing the risks of hiring a freelancer depending on the size of the company.

Qualification check

For you to get the right freelancer for your project, checking freelancers' qualifications is a thing you must do. Some freelancers use fake CVs but you can get them if you're also an expert. A test interview will help determine the skills of the remote employee. You can check the freelancer's employment history, reviews, and so on to know if they are qualified for your business.

Deadlines

Meeting deadlines is one of the problems employers are facing every day. Some freelancers will promise you that they will complete your work within an hour but unfortunately, they will always disappoint you. This is the biggest weak side of remote employees as a flexible deadline approach works the best for a remote setup. To manage the risk, you can try and split the project into stages and monitor freelancers throughout their performance. This method is very helpful.

Conduct background checks

The reason why some employers regret their actions is that they miss conducting deep background checks on freelancers. When interviewing and hiring, you must conduct a background check or get a reference from the previous project. You might not find out much about the freelancer but you can at least go for the one with the highest feedback rate or the most recommended one. To manage the risk when hiring, it is advisable to use a specialized platform like UpMyChain that acts as a guarantor between a client and a freelancer. It is always better to think twice before you hire freelancers for your project.

Provide training

When you are hiring freelancers, don't hesitate to train them before permitting them to start working because it does not matter how experienced the freelancer is. He/she should be trained according to your project needs. If you want the freelancer for long-term cooperation, training will show that they are capable of doing business with you. Structured training will minimize the risk of errors later in the project.

If you're an employer, taking the simple steps above will go a very long way to protecting your business, and providing you peace of mind while enabling you to hire contract and freelance workers. Are you tired of moving from one platform to another? You can create an account on UpMyChain today to hire professional freelancers that can help you handle your business.

Easy Answers:

1. Provide clear policies

2. Qualification check

3. Deadlines

4. Conduct background checks

5. Provide training

How To Manage the Risks Of Hiring Freelancers?

Trending Articles:

Informations

Explore More