What is a Freelance Contractor?

A freelance contractor is a self-employed professional who is hired on a project-by-project basis to complete specific tasks or projects for clients. This type of work arrangement is often used in industries such as graphic design, writing, programming, and consulting.

Key Characteristics of Freelance Contractors

• They work on a project-by-project basis, rather than being employed full-time by a company.
• They are self-employed and responsible for managing their own finances and taxes.
• They set their own rates and negotiate their own contracts.
• They have the freedom to choose which projects to take on and which clients to work with.

Benefits of Hiring a Freelance Contractor

• Cost savings: Hiring a freelance contractor can be more cost-effective than hiring a full-time employee, as the client only pays for the work that needs to be done.
• Flexibility: Freelance contractors can be hired on an as-needed basis, which can be especially beneficial for businesses that experience fluctuations in demand.
• Access to specialised skills: Freelance contractors often have specific skills or expertise in a particular area, which can be difficult or expensive to find in a full-time employee.

Benefits of Being a Freelance Contractor

• Flexibility: Freelance contractors have the freedom to choose which projects to work on and which clients to work with.
• Control over workload: Freelance contractors have the ability to set their own schedules and workloads.
• Potential for higher earnings: Freelance contractors have the ability to set their own rates and negotiate their own contracts, which can result in higher earnings compared to traditional employment.

Lancr

Lancr is a platform that connects freelance contractors with clients in need of their services. By using Lancr, agencies can save up to 75% in fees and 2 hours a week paying their freelancers. Lancr makes paying your freelancers easy by combining smart payment routing and easy-to-use time tracking and approvals. This saves both time and money when paying your people.

Conclusion

Freelance contracting can be a great option for both businesses and individuals looking for flexibility and control over their work arrangements. By using platforms like Lancr, clients can easily connect with qualified freelance contractors and streamline their payment processes.

‍