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15 less-known benefits of hiring contractors over in-house employees

February 15, 2024

15 less-known benefits of hiring contractors over in-house employees
Radu PoclitariRadu Poclitari, Copywriter

Tech companies are going remote and hiring contractors like never before. In fact, 58% of them have already embraced borderless talent, and software engineers are in highest demand among IT leaders. Plus, 27% of tech leaders are seriously considering hiring tech talent from anywhere in the world.

The reason is clear: traditional employment costs are soaring, with developers costing companies up to a staggering $11,000 annually. So, tech companies are turning to contractors to supercharge their teams.

But that's not all. Hiring contractors lets you test the waters before making a full-time commitment, assess how well they fit your company culture, and understand the true value of tech roles in your organization.

In this article we will explore the benefits of how employing contractors can propel your tech companies into the future of remote work, distributed teams, and “borderless” talent. Consider how these advantages can help your organization nurture its growth and if contractors might fit into your business strategy.

Also read: Contract work: what is it and how does it work?
5 key benefits of hiring contractors
With an astonishing 95% talent retention rate, sources, vets, and manages tech talent from Eastern Europe & Latin America. Upgrade your recruitment strategy now → 

1. Global talent pool

When you hire contractors, you're not limited by geography. You can tap into a vast and diverse pool of talent from tech hubs around the world. This global reach means you can find the exact expertise you need, whether it's in Eastern Europe, Latin America, or elsewhere. In today's interconnected world, why limit your options to a single location?

2. Diversity and specialization

Contractors bring a rich diversity of perspectives, skills, and market insights to your projects. They often specialize in niche technologies and domains, which can be a game-changer for your company. It's like having a team of experts in various fields at your disposal, ready to tackle any challenge.

3. Speed and quality of hiring 

Working with experienced tech remote-work platform who understand the global tech landscape can significantly speed up your hiring process. They know how to identify top talent quickly, saving you time and effort. Quality matters, and with contractors, you can find candidates with a proven track record of delivering outstanding results.

4. Cost savings

Hiring full-time employees comes with substantial costs, from salaries to benefits and overhead. Contractors offer a cost-effective solution. You get the skills and experience you need without the financial burden of traditional employment. It's a smart move for your bottom line.

5. Reduced recruiting overheads

Transitioning to contract work means saying goodbye to expenses like healthcare, paid time off, and payroll taxes. Administrative tasks become streamlined, thanks to tech remorse work platforms you partner with that handle payments, contracts, and taxes. It's a hassle-free way to manage your workforce.

Partner - your ultimate solution for remote tech hiring and talent management. Need contractors, project-based developers, or dedicated teams? We've got you covered →

6. Trial period with no risks

Hiring a contractor is like a trial run without long-term commitments. It's an opportunity to see if someone truly fits into your company culture and workflow. It's like a "try before you buy" opportunity. Why rush into a permanent hire when you can test the waters first?

7. Scalability

Independent contractors provide the flexibility you need to scale your team up or down as circumstances change. This agility is a significant advantage in today's fast-paced tech landscape. Plus, you can avoid the high costs and time associated with traditional recruitment.

8. Corporate agility

Engaging contractors allows you to quickly access specialized skills and resources, giving your company a competitive edge. You can respond to market demands faster and better manage turnover, all while maintaining flexibility in cost management. It's a strategic move for staying ahead of the curve.

9. Resource efficiency

With remote contractors, you save on office resources. They use their own equipment and work remotely, reducing your operational costs. It's a win-win for efficiency and cost-effectiveness.

10. Lighter workload for permanent staff

Contractors handle specific tasks, freeing up your permanent staff to focus on core business activities. It's a way to maximize your team's productivity and ensure they're working on what truly matters.

11. Project-based engagement

Contractors are project-focused, which means you don't have to worry about long-term employment discussions. Once the project is done, so is the contract. It simplifies your workforce management and allows for flexibility in project-based work.

12. No training required

Contractors are experts in their fields. They don't need extensive training or onboarding, which saves you time and resources. You can get them up and running on projects swiftly, without the learning curve associated with new hires.

13. Efficient onboarding

Contractors are well-versed in remote work, making their onboarding process efficient and smooth. They adapt quickly to new environments, ensuring minimal disruption to your projects. It's all about getting things done efficiently.

14. Reduced turnover 

Contractor arrangements minimize the disruptions caused by employee turnover. You don't have to worry about finding replacements or dealing with gaps in your workforce. It's a way to maintain project continuity.

15. Budget certainty

When you work with contractors, you have defined costs and timeframes right from the start. This budget predictability is invaluable for planning and managing your projects effectively. You know what to expect, which is crucial for financial stability.

Partner - your ultimate solution for remote tech hiring and talent management. Need contractors, project-based developers, or dedicated teams? We've got you covered →

Building a remote team quickly through

Why hire contractors with 

We're not newcomers to the game; we've been in the industry for a substantial amount of time. Our track record speaks for itself, and we've earned a reputation as a reliable and trustworthy partner for both clients and developers.

When you choose, you're opting for a full-service tech remote-work solution:

  • Dedicated remote developers: We excel at finding dedicated remote developers who fit your project needs like a glove.
  • On-demand remote teams: We can assemble the perfect team for your project.
  • Project-based development: If your project requires a specific set of skills, our developers are ready to tackle it head-on.

Our commitment goes beyond the initial hire. We're all about building long-term, high-retention relationships. Our engineers seamlessly integrate into your team, dedicating a full 8 hours a day, 40 hours a week to your project. And if you need short-term or project-based engagements, we can make that happen too. Plus, you'll have a dedicated account management team on standby to assist you whenever you need it.

We're not just another recruitment agency; we're a data-driven tech remote-work platform. We've honed our process to perfection, streamlining everything from sourcing and screening to vetting and matching. This means efficiency, transparency, and, most importantly, success for you.

Our work model has consistently delivered exceptional results for our clients. We ensure clear task comprehension, project direction, team cohesion, and product excellence.

Check out how we helped Perforce, Venly, Glopal, SimpliField hire qualified contractors remotely without breaking the bank →