The Costs of Hiring a Freelancer vs. In-House Employee: What You Need To Know

If you’re a business owner or project manager in need of specialized talent, comparing the costs of hiring a freelancer vs. an in-house employee can help you decide what fits your hiring needs best. A freelancer is an on-demand resource who can help stretch your budget; they’re often perfect for small businesses and startups. Hiring an employee has important benefits, but also comes with additional costs like PTO and healthcare. This video compares the cost of hiring a freelancer to an in-house employee to help you make a better-informed decision. Chapters 0:30 Cost breakdown freelancer vs. in-house employee 1:11 Hidden costs of full-time employees 1:49 Flexibility and scalability: Freelancer advantages 3:07 Legal and tax considerations -------------------------------------------------------------------- Find and hire top freelance talent fast on Upwork: https://www.upwork.com/i/how-it-works/client/?utm_medium=OrganicSocial&utm_source=YouTube&utm_campaign=ORSOCL_YT_INFD_ALLMKTS_BRAND_AWR_INTEREST_All_EVGR24_ClientYouTubeDescription Interested in freelancing on Upwork? Get started: https://www.upwork.com/i/how-it-works/freelancer/?utm_medium=OrganicSocial&utm_source=YouTube&utm_campaign=ORSOCL_YT_INFD_ALLMKTS_BRAND_AWR_INTEREST_All_EVGR24_FreelanceYouTubeDescription Visit our resource center for more tips and tricks: https://www.upwork.com/resources?utm_medium=OrganicSocial&utm_source=YouTube&utm_campaign=ORSOCL_YT_INFD_ALLMKTS_BRAND_AWR_INTEREST_All_EVGR24_ResourceYouTubeDescription -------------------------------------------------------------------- 🔔 Subscribe to be notified about new videos ➔ https://www.youtube.com/channel/UCvxGFOnwUBDHHcxuPqhe4CQhttps://www.youtube.com/channel/UCvxGFOnwUBDHHcxuPqhe4CQ?sub_confirmation=1 Follow #Upwork on social and join the conversation: ☞ LinkedIn: https://www.linkedin.com/company/upwork/ ☞ X: https://www.twitter.com/upwork ☞ Facebook: https://www.facebook.com/upwork ☞ Instagram: https://www.instagram.com/upwork ☞ Threads: https://www.threads.net/@upwork ☞ TikTok: https://www.tiktok.com/@upwork