If contract-for-hire is in demand, what does that mean for the freelance economy? And what are the prods and cons? Upwork the freelancer jobs platform is expanding into full-time hiring recruitment through contract-for-hire roles. A first for the business, the company is calling the move a way for businesses of all sizes to “find, vet, hire, onboard and pay highly skilled professionals for full-time work arrangements, without the complexity commonly associated with global hiring.” What is contract-for-hire? Contract-for-hire is a hiring practice that lets contractors or freelancers test the waters before agreeing to become a permanent hire. The same is true for the hiring company. After the temporary contract is finished, both parties discuss whether a permanent on-payroll job is an option. Contract-to-hire jobs can last between three months to a year, according to Wikijobs, but some could last years if it is a long project. Jobs that are offered as a contract-to-hire role include: IT consultant Sales executive Business development manager Project manager Designer Health or social care professional (temp-to-perm locum work) Business administration assistant Sales executives are often offered contract-for-hire work, but more industry specialists might opt for them, too. Pros of contract-for-hire Fast-track your experience Determine if a role is right for you Increase your employability Broaden your professional contacts Access to new skills you can transfer to new projects Form lasting relationships with colleagues Company benefits (i.e. pension contributions, private healthcare, etc.) Cons of contract-for hire Lack of full-time equivalent benefits Not feeling part of a team; “outsider syndrome” Risks and costs associated with joining the unregulated umbrella company industry Less job security No severance packages Source: Wikijob, The Freelance Informer “Businesses pay a price when they make a bad full-time hire, and professionals are often asked to commit to working full-time for a company they aren’t already comfortable with – real risks on both sides magnified by current economic uncertainty,” said Upwork. The recruitment platform said that there is a “vast global pool of more than 2 million” highly skilled professionals on Upwork who have already indicated openness to full-time work, all within a centralised platform. “Today, hiring full-time talent around the globe is an expensive proposition and a leap of faith for everyone involved,” said Dave Bottoms, General Manager of Marketplace, Upwork. “With this expansion into a full-time hiring solution for all our customers, we have mobilized Upwork’s longstanding expertise, experience and technology to further help businesses and skilled professionals build trusted, long-term working relationships. We aim to provide customers the flexibility to choose the work arrangements that best fit their needs, and empower people on both sides of our work marketplace to thrive in today’s ever-changing world of work.” Highlights of Upwork’s new end-to-end solution for full-time hiring include: A mutually beneficial way for all clients and talent to trial a contract-to-hire working relationship before they commit to a long-term, full-time engagement. In fact, since the beginning of 2023, clients testing this feature have posted over 40,000 contract-to-hire jobs on the Upwork […]
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