Have you or your company encountered a situation where you are unsure if you should hire freelancers or full-time employees to fulfil your Tech requirements? Each option has its own set of advantages and disadvantages, and the choice largely depends on the nature of the work, budget constraints, and long-term business goals. In this article, we will explore the key considerations when deciding between hiring freelancers or full-time workers.
Busting 5 Common Myths about Hiring Vietnamese Tech Talent
The global tech industry is experiencing unprecedented growth with a corresponding need for qualified talent. Tech talent was always on short supply and the 2019 pandemic simply trigged a massive digital transformation wave to increase the supply gaps . Companies in both tech and non-tech fields have thus been digitizing to adopt a new way of working and selling. Tapping of the same tech talent resource pool for hiring thus compounds an already aggravated skill shortage.
The global pandemic has accelerated the pace of digital transformation for businesses of all sizes. The estimated size of the global market for digital transformation in 2021 was more than USD 600 million. The market size is set to increase at a compound annual growth rate (CAGR) of more than 23% from 2022 to 2030. Such growth has also spurred the demand for skilled tech talent. However, this demand has created new challenges for employers worldwide, such as increased competition in the hiring market and a shortage of qualified candidates to fill these roles.