The Demise of the Salaried Employee

Rethinking your hiring strategy to consider vendors & freelancers.

Name the last incredible thing that happened to you inside your comfort zone… I’ll wait. Taking calculated risks with strategic objectives is a universal method of growth, and ultimately success. This is especially relevant to hiring and retention strategy, especially post-pandemic, when employees have reclaimed their time, resigned en masse, and wages increase daily (deservedly so).

It’s a non-partisan fact that while the cost of living continues to skyrocket, wages - for the most part - are crawling on a limited incline at best. This means that many skilled creatives have been forced to rethink their roles as employees vs. sole proprietors.

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Full Time has Lost It’s Charm

How great was it to land your first full-time job? And since then, how many times have you thought about leaving? In the wake of the pandemic-driven Great Resignation of 2021 and beyond, there is now a deep pool of talented folks who no longer have interest in being an employee. What does this mean for employers? The talent pool of folks seeking a 40+ hour work week as an employee is thinning out. We’ve been evolving into a gig economy for over a decade now, and now more than ever, the best of the best won’t be found in a cubicle - at least not on a full time basis.

Hiring a Freelancer = Unparalleled ROI

Get ready to explain everything! Start with a catchy introductory sentence or two to get the Consider for a moment, the ability to meet with an employee, draw out tangible deliverables and quantifiable KPIs, and work under a mutually beneficial agreement with plans in place should the work need to halt. This is exactly the relationship between a vendor or freelancer and their clients; a clear statement of work and clearly defined roles and tasks. With the right structure in place, you are able to access some of the brightest minds in any given field at a fraction of what a full time employee’s salary, benefits, and bonuses would cost. Which brings me to my next point…

Elite Talent for the Price of a Modest Salary

Agencies, vendors, and freelancers approach every transaction based on a project whereas a full-time employee will base every transaction on time. Really dive in to the gaps in your business and work that needs to be done, and determine if you truly need a full-time employee. Removing the baked-in costs for having an employee, such as benefits, insurance, taxes, bonuses, stipends, and more, will free up a ton of cash while still allowing you to cover the market rates of the experts you hire.