Why consulting jobs are on the rise worldwide
Updated: Dec 27, 2022
Hiring a consultant rather than a full-time employee could save your company time and money. We all know the difficulties in recruiting and retention of quality employees. Especially in today's competitive market, we are seeing a rise in companies looking to consultant and independent contractors to get the job done. Let's face it both workers and companies alike are looking to enhance efficiencies and flexibility in the workplace. Gone are the days of strict office hours and mircomanaging. Everyone is looking for the flexibility to manage their time and productivity.
With the higher rates of employee turnover and vacancies, many companies are having to adjust goals and projects. Add in the difficulty in finding canidates and time for the onboarding is causing companies to find alternative solutions to meeting their business needs. Hiring a consultant allows the business to determine exactly what they want to get accomplished for the set price. Allowing the business to focus on the project timelines and completion, without the administrative chores of managing the employee. When hiring a consultant you are entering into a contract for completion of a specific project or assignment; this could be on a short term or long term basis. There are pros and cons of both; to determine if a consultant would be the best choice depends on the companies future needs and dedication.
PROS: Consultants are hired at a contracted rate and do not include the extra expenses as a hired emplyees such as employee benefits (401K match, health insurance, PTO), taxes, and office equipment. Consultants can be hired to complete specific projects or task within the company, this allows flexibility and budgeting consistency for the allotted timeline. The onboarding and training process differs greatly for a consultants vs employee. Consultants are expected to focus on the specific contracted project and only given information and access to the critical areas needed for completion. Consultants provide a expert skill set often needing minimal training. With their focus on projects and tasks they spend the focus amount of working hours completing those instead of administrative company tasks and meetings that hired employees are required to attend. Consultant's have diverse experience working within the industry and are able to bring that unique external perspective that you may not find with an employee.
CONS: Typically companies have less control over consultants and contract workers. If a company would like to manage every detail of the task it would be better assigned to an employee. Employees are handled responsibilities and not only tasks, responsibility may be flexible and are not dedicated to a specific project. Additionally consultants are hired to finish a specific project and would have to renew a contract to continue an engagement with a company.
If you are intrested in discussing if hiring a consultant for your 2023 or other future company initiatives we would love to meet with you and discuss which choice would be the most effective for your company.