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The Benefits of Full-Time Resources at the Cost of Hiring Freelancers
Feb14, 2019

The Benefits of Full-Time Resources at the Cost of Hiring Freelancers

Do you need a developer but don’t know where to start? Can’t decide whether to go for full-time or freelance developers or other resources?

Are you not a technical person and worried about how would you know if the developer is cutting corners?

Have you hired developers in the past but they couldn’t deliver results as promised?

Does any of these scenarios sound familiar?

Well, we’re here to answer all your queries! Read on.

Let’s start with the never-ending confusion: Freelancers or full-time developers or other resources?

The “gig economy” is on the rise and the HR managers are presented with more than one option to hire resources for their company. If the forecast made by Intuit is to be believed, this on-demand economy will reach 43% by the year 2020. Many small and big companies have started taking advantage of this gig economy.

If you are a hiring manager or if you handle the recruitment process of your own company, there are certain things that you need to consider or know before hiring. Will the resources understand the vision and meet the requirement of your company? Will they come under your hiring budget and not exceed it? These are some of those things.

We understand that hiring the right resources for your company is not that easy.

So, first, we’ll focus on the costs of hiring freelancers and full-time resources. After all, all you want is to hire the best resources at the minimum costs, right?

Comparison of Annual Salary

The salaries of full-time resources are generally calculated on an annual basis, agree? If you are looking for an employee who will be there for your company all year round, then full-time resources are your best bet. On the other hand, if you have a short-term project and don’t need your resources to be there for your company for more than one single project, hiring freelancers would be the right thing to do. In order to formulate the salaries of both freelancers and full-time employees, we will use the following equation:

Average hour (1790 hrs) X freelance hourly rate = Annual Salary

(Please Note: According to a study by the Organization for Economic Co-operation and Development, in the year 2015, the average annual working hours of an employee in the US was 1790)

In order to make the salary comparison more specific, we’ll discuss particularly software developers in this segment.

Annual Salary of Full-time Software Developers

The annual salary of software developers depends on their years of work experience. Have a look at the following data that applies to the developers with 5 years of experience:

software developer annual salary

So, here you can see how much salary a software developer can have with 5 years of working experience. We’ll focus on the median annual salary, which is, in this case, $112,921.

Annual Salary of Freelance Software Developers

As you might already know, not all countries have the same pay scale for freelance developers. See the chart below:

Cost of freelance developers around world

As you can see, the hourly rates for freelance developers vary from country to country. The majority of freelancers charge between $60 and $100 per hour. So we’ll use this for our analysis.

Average hour (1790 hrs) X Freelance hourly rate = Annual Salary

freelance developers annual salary

The Verdict

Now, is it cheaper to hire freelancers than hiring full-time developers? The answer is “yes”.

But wait.

Hiring full-time employees have other benefits such as stronger level of employee loyalty, higher rates of productivity, consistency with your workloads and many more.

  • What if you could get the benefits of full-time resources at the cost of hiring freelancers?
  • What if you could have your own virtual employee and have complete control over the development process?
  • What if you could handpick the best resources for your company?
  • What if you could save up to 50% on your budget?
  • What if you could communicate with your hired resources directly without the intervention of any middleman?
  • What if you wouldn’t have to worry about the security of your data?

Well, ALL THESE ARE POSSIBLE with our DEDICATED RESOURCE MODEL!

So what is this Dedicated Resource Model (DRM)?

This is one of the top engagement models that we offer our clients at Digital Aptech. With this model, you can have your virtual employee for the entire duration of your project. Sounds great, isn’t it? Do you know what the best part of our DRM is? You can hire dedicated resources for part-time or full-time – according to your requirement. You no longer need to worry about the quality of the work!

How it Works?

Step 1

You come to us with your requirement

Step 2

You choose the desired profile based on the required skill and experience from the pool of talented professionals at Digital Aptech

Step 3

You select the pricing along with the duration of the project

Step 4

You make advance payment for your hired resource

Step 5

We assign a dedicated Account Manager to you

Step 6

You and the assigned Account Manager do a detailed analysis of the project requirement

Step 7

Based on the analysis, the Account Manager and the Project Manager shortlist the profile and send to you for final selection

Step 8

You select the profile(s) and decide the working model such as the delivery mechanism, project management and reporting

Step 9

We provide hands-on training to the selected profile(s) according to your instruction for final assignment

Step 10

Your virtual employee is ready to work on your project

What Advantages You Will Get with Our Dedicated Resource Model?

  • Handpick Your Team

You have all the freedom to select the best resources from our pool of designers and developers. Isn’t it something that you would love to? Your satisfaction is what matters to us the most and that’s why we let you handpick your virtual development team.

  • Cost Saving

With our DRM, you can save up to 50% on your budget. Pay only $1600 for a dedicated developer instead of paying $5000 for an in-house experienced developer. Like it?

  • Increased Profitability

Now, who doesn’t want a business that is profitable? With our DRM, you get to turn the spotlight on your profit areas. Get spectacular results!

  • Project Management

Want to know each and every little progress of your project? Your wish is granted! Manage as well as supervise your project right from the comfort of your home – with the help of some popular Project Collaboration software. Sounds good?

  • Direct Communication

In our Dedicated Resource Model, there is no story of middleman. You can interact with your dedicated resources directly through voice call, chat, mail and video call.

  • Guaranteed Security

Worried about the security of your data? With our DRM, that’s a thing of the past! At Digital Aptech, we adhere to the latest security measures and it is fully secure against unauthorized access to your data. Also, we sign Non-disclosure Agreement (NDA).

Got answers to all your questions? Hire us and see how we make your business grow!

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