Why a Business Guru Would Demand a Freelancer Management System

Digital companies need to optimize how they organize (or else) A corporate guru may seem the least likely to understand the necessity of organizing freelancers. In fact, most executives may side with managers in thinking...

It’s a niche area.

Thinking of how we manage our freelancers seems like a big fuss over something that’s fairly insignificant.

How big of a difference can it make anyway to the company?

A human resources manager has enough on their plate, so why worry about learning a freelancer management system? Jack Welch, former CEO of General Electric is heralded as a leader in management. What set his work apart from others was his philosophy that every single component of a company had to contribute to the company’s bottom line. Each person, each product, each department must work towards the common good of profitability. “An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.” Jack Welch would expect his managers to optimize how they work with freelancers. No exception.

Companies Win When They Effectively Manage It’s not a secret that better organization means a higher ROI. According to Forbes, the typical executive wastes 150 hours per year due to searching for lost information. With executives earning a hefty salary, this means huge losses for a company. A middle manager earning $50,000 a year in search of finding the freelancer they worked with a few months ago, means a loss of $3,842. Jack Welch would not be impressed. Disorganization leads to loss profits. Introducing a freelancer management system stops the hemorrhaging of lost hours and lost money.

Managers Lighten Their Workload The primary users of a freelancer management system are managers, the company HR person, and the organization’s freelancers. The system connects these typically siloed positions, allowing them to effectively communicate and store relevant information. When a freelancer hire is required, managers may prefer to work with freelancers that already familiar with the company.

But what if a manager has just started and does not have a connection with a past freelancer? She may like one of those executives, searching for lost information. She may have to spend time drawing up a job description and sending it over to a HR manager where they both have to go over the requirements, taking yet more time.

Freework Business Impacts the Bottom Line A management system that stores company freelancer details may be the saving grace for a new manager needing talent. It could be what makes the difference in meeting a deadline—a freelancer can be immediately contacted, contracted, and set to work— before the client clock strikes twelve. Freelancer’s contact details, hourly or project rates, specializations, and past projects are all for easy view by human resources and managers looking for talent. Instead of looking through old emails or posting on job boards, managers have a first-wave plan. Freelancer put in their availability, so managers know which freelancers are ready to dive in. Freework [https://freework.com/] breaks down completed tasks, hours worked, and cash spent. Organizations manage their freelancers and projects to know how time is being spent and on which tasks. By using Freework Business, companies possess an in-house solution, saving them time and money.

Jack Welch would be proud.