Key Takeaways
- Freelancers more and more search advantages like well being protection, sick depart, and retirement help, not only a aggressive charge.
- Providing freelance medical health insurance and different high-value advantages could be the tipping level when expertise are evaluating a number of well-paying alternatives.
- Paid sick depart and psychological well being sources present freelancers you worth their well-being and long-term success.
- Partnering with a staffing company may help you supply top-tier advantages to freelancers and stand out.
In case you’ve ever introduced on new expertise, you already know that matching the suitable expertise to the suitable position isn’t all the time simple. In reality, 81% of recruitment professionals say filling roles is a problem. In case you’re working to draw prime freelancers, one approach to stand out is by providing one thing not everybody does: advantages.
For freelancers, accessing high-quality, reasonably priced advantages is an actual battle. About half say getting medical health insurance is tough, and 23% go with out it altogether. Increasing past conventional compensation offers you a easy, efficient approach to entice prime expertise by providing one thing many rivals don’t, which is high-quality advantages.
Why prime expertise worth advantages for freelancers
Whereas providing a aggressive wage is essential to freelancers, when expertise are evaluating a number of positions that every one pay nicely, what you want is a tipping level. The battle round advantages is usually sufficient to create that tipping level. One examine discovered that 60% of employees rated advantages as a vital contributor to job satisfaction.
Partnering with a staffing company may help you supply high-quality advantages, even when the place isn’t full time. For instance, some businesses solely require expertise to work a minimal of 20 hours per week to entry advantages. Calling out these perks in your job listings may help your alternative stand out, particularly relating to necessities like medical health insurance as a freelancer, which many battle to entry on their very own.
The way to spot high-quality well being advantages
Once you’re contemplating working with a staffing company, you in all probability have a listing of questions. A kind of is likely to be “Do you supply freelance medical health insurance? ” Whereas many businesses can say sure, the higher query to ask is:
What kind of advantages do you supply to freelancers?
Some businesses solely present preventive care or low-value indemnity plans that reimburse a hard and fast quantity per go to, whatever the precise value. Be certain your companion affords main medical protection, together with sudden hospital visits and specialised care. Ideally, they’ll have a number of choices so freelancers can select a plan that matches their wants.
It’s additionally essential to ask about deductible quantities. If a freelancer has to satisfy a $5,000 deductible earlier than protection begins, they could delay or keep away from searching for care. That may cut back the perceived worth of the advantages and the place itself.
Why paid sick depart issues to freelancers
Freelancers typically work with out the security web of sick pay. Once they’re unwell, they could push by way of the day as an alternative of taking time to get better, which lowers productiveness and will increase the danger of burnout. Paid sick depart helps cut back “presenteeism,” which occurs when somebody works whereas sick. This subject prices organizations roughly $207 billion annually in misplaced productiveness.
Giving your freelancers entry to paid sick time permits them to step away once they’re sick or when a member of the family wants care. Lowering the stress round sickness not solely helps their well-being but additionally helps them really feel extra constructive about your challenge and extra excited to work with you once more sooner or later.
Retirement plans can set you aside
With freelancers transferring from gig to gig, many battle to construct retirement financial savings. One examine discovered that roughly 41% of freelancers don’t have an outlined contribution plan akin to a 401(okay).
A simple approach so as to add worth past common paychecks is to supply entry to a high-quality retirement financial savings plan. Some businesses present enrollment from day one with instant vesting and employer-matching contributions.
For freelancers juggling a number of initiatives, having help for his or her monetary future is a serious perk. It permits them to make progress that might be tough to attain on their very own with out employer contributions.
Assist freelancers with psychological well being advantages
Freelancers face distinctive stressors, together with earnings instability and, in lots of instances, isolation. Freelancer psychological well being additionally seems to be on the decline, with 45% in a current survey reporting a decline in psychological well being in 2024.
When freelancers know they’ve entry to psychological well being sources, akin to wellness platforms, digital remedy instruments, and devoted sick days, they will care for themselves with out guilt or fear. As you consider advantages supplied by a staffing company companion, ask about these sources, what’s accessible, and the way they educate freelancers about them. Taking this step may help you supply high-quality contingent workforce advantages and help for freelancer well-being.
Be the model freelancers need to work with
Attracting expertise by providing a aggressive hourly charge is a superb place to begin, nevertheless it’s essential to not cease there. Once you try to resolve the challenges employees face, akin to the price of medical health insurance as a freelancer, saving for retirement, and sustaining their psychological well being, you’ll be able to entice extra of the expertise you need to rent. You additionally help their well-being and assist them proceed to thrive when they’re working along with your group and on future initiatives.
Would you prefer to be taught extra about how providing high-quality advantages can enhance your capacity to draw and retain prime freelance expertise? Take a look at how advantages can help your attraction and retention efforts.
