The Pros and Cons of Hiring Freelancers 
 Pros of Hiring Freelancers: Flexibility: Freelancers are usually not bounded by any long term contract allowing you to scaling your workforce up or down as required. Cost-Effective: Freelancers are often more cost-effective as compared to full time workers Specialized Skills: You can tap into a vast pool of talent and hire individuals with specialized skills that might be hard or expensive to find in a full-time employee. Reduced HR Overhead: Hiring and managing freelancers generally involves less administrative work compared to full-time employees, reducing HR overhead. Cons of Hiring Freelancers: Lack of Loyalty: Freelancers may not have the same level of loyalty or commitment to your company as full-time employees, as they often work for multiple clients simultaneously or may have a fulltime engagement elsewhere Limited Availability: Top freelancers are in high demand, and their availability may be limited. Securing their services for your project can be challenging. Quality Control: Ensuring consistent quality from freelancers can be tricky, as they work independently. You'll need effective monitoring and feedback mechanisms in place. If you are considering to engage freelancers, Fetch is able to secure the top freelancers for you with our vast recruitment network and reach. Fetch is also able to ensure they have a good and proper support system with proper payroll and tax handling, making the engagement a reliable process. The Pros and Cons of Hiring Full-Time Employees Pros of Hiring Full-Time Employees: Loyalty and Commitment: Full-time employees tend to be more loyal and committed to the company's long-term success, fostering a sense of ownership in their work. Availability: You have high degree control over the availability of your employees, which is beneficial for ongoing projects and daily operations. &nbsp; Cultural Fit: Full-time employees are more likely to align with your company's culture, values, and vision, promoting a cohesive work environment. Investment in Growth: Full-time employees can grow with your company, allowing you to invest in their skills development and advancement within the organization. Cons of Hiring Full-Time Employees: Higher Costs: Employing full-time workers comes with higher costs, including salaries, benefits, office space, and equipment. Reduced Flexibility: Full-time employees may not provide the same level of flexibility as freelancers when it comes to adjusting staffing levels based on project needs as you are bound to the long term commitment and termination limitation for full time employees Recruitment Challenges: Finding the right full-time talent can be a time-consuming process, with costs associated with recruitment, training, and onboarding. Overhead: Maintaining a full-time workforce entails more administrative overhead, such as payroll, taxes, and compliance with labor laws. Fetch robust and well tested full suite management service helps you mitigate the pitfalls of engaging a reliable fulltime work force. From recruiting the top talents to the daily management of the workforce and legal handling of contracts and payroll matters. Fetch makes engaging full timers an easy and fuss free process. Conclusion The decision between hiring freelancers and full-time employees is not a one-size-fits-all solution. Instead, it should be based on the unique needs and circumstances of your business. In some cases, a combination of both might be the ideal strategy to maintain flexibility while ensuring long-term commitment and loyalty. &nbsp;Whichever is your strategy, Fetch is able to help you on both freelance engagements or hiring of full time workers.


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.


Engineering talents: Hiring Freelancers vs. Full-Time Employees

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With <a href="https://topdev.vn/Eng_VietnamITNation2020_ByTopDev.pdf">more than 50% of its population</a> below 35-years of age, Vietnam beat 50 other countries on the <a href="https://omdia.tech.informa.com/OM021617/FT-Omdia-Digital-Economies-Index-202226#:~:text=The%20FT%20Omdia%20Digital%20Economies,market%20segments%20in%2051%20countries.">Tech Growth Market Index</a> to <a href="https://www.ft.com/content/eeb2cf2e-cf3f-4c04-8645-e80878da8b10">rank the highest</a>. Given its young &amp; ambitious workforce, government’s strategic efforts, and affordable labor, Vietnam is leading on many fronts, <a href="https://www.raconteur.net/global-business/will-vietnam-continue-to-rise-as-a-new-technology-power/">one of them being Tech Talent</a>. A tech talent pool of <a href="https://topdev.vn/Eng_VietnamITNation2020_ByTopDev.pdf">more than 400K engineers and about 50K IT students</a> graduating annually makes Vietnam an attractive market for many global employers. Additionally, Vietnam is a front runner in future tech such as Blockchain, AI, &amp; Data Science. Its work culture and productivity make the Vietnamese workforce more appealing, and so let us bust some of the top myths surrounding this market. 
 <h2>Myth 1- Vietnamese tech talent ghost employers</h2> One of the biggest misconceptions about hiring the Vietnamese tech talent is that they ghost employers or disappear halfway into the deal. The key reason behind this is hiring employees on a casual basis. Hiring freelancers on a casual basis without a proper scope or an enforcement method makes this a problem for all types of talents, not just Vietnam. For even the simplest short-term task, Fetch taps into its employees and its large pool of Vietnamese tech community. Our tech talents are onboarded with clear policies, employment contracts, and thorough background checks. A formal agreement puts in the necessary enforcement to prevent ghosting or disappearance.<a> </a>As their legal employers in Vietnam, we control the release from employment rights. As your strategic partner, you get the same control that you would expect in a normal hiring scenario. 
 <h2> Myth 2- Vietnamese tech talent has limited English proficiency</h2> Another common myth about the Vietnamese tech talent pool is their low levels of English proficiency. While English is not the first language in Vietnam, <a href="https://www.ef.com/wwen/epi/regions/asia/vietnam/">recent surveys demonstrate</a> that the English proficiency level is <a href="https://e.vnexpress.net/news/news/vietnam-english-proficiency-no-longer-low-4536518.html#:~:text=Scoring%20502%20out%20of%20800,group%20along%20with%2028%20others.">no longer ‘low’</a>. Lack of confidence is the one of reasons behind the imperfect spoken English communication amongst Vietnamese developers. Many of them do not have a chance to practice speaking, resulting in the lack of confidence many often see. Usually, once they get started, they often start speaking a lot more confidently very quickly. In fact, almost the entire community at Fetch can speak English on a day-to-day basis. Also, while it may take some time for the talents to gain speaking confidence, the pre-interview English screening by Fetch ensures that all the developers introduced by Fetch will be able to read and write in English well.&nbsp; Since majority of communications on technical projects are in written form, the proficient comprehension of written English skills of the developers further makes the language barrier a small or non-existent issue. 
 <h2>Myth 3- Vietnamese tech talent delivers low-quality output</h2> According to the <a href="https://www.sertacdoganay.com/wp-content/uploads/Coursera-Global-Skills-Index-2020.pdf">Coursera Global Skills Index Report 2020</a>, Vietnam ranked 2nd in the APAC region and 22nd globally in tech skills. <a href="https://www.pentalog.com/blog/it-outsourcing/best-developers-in-the-world-pentalog-report-2022/">Pentalog ranked Vietnamese developers</a> in the Top 10, with Hanoi ranking in the Top 5 cities in the world with the best developers. Vietnamese developers excel at languages such as JavaScript. That they are well equipped with Database Management and SQL, Linux (UNIX), Python, and Containers (Docker and Kubernetes) skillsets. In the last couple of years, the demand for tech talent has only grown, making Vietnam’s tech talent the <a href="https://employers.glints.com/en-sg/blog/tech-talent-focus-why-vietnams-tech-talent-is-the-most-sought-after-in-southeast-asia/">most sought after in Southeast Asia</a>. Fetch and its clients have developed market leading products and so we disband this one as a ‘myth’. 
 
 
 <h2>Myth 4- Vietnamese tech talent is hard to manage and monitor</h2> Another myth that we want to demystify is that Vietnamese tech talent is hard to manage and monitor. This usually translates to communication process, type of hiring, and daily management process. With the use of correct resources, management, and monitoring of staff, this should not and cannot happen. Fetch makes this even easier for you. <a target="_blank" href="https://fetch.tech/blog/tech-talent-recruitment-fetchs-guide-to-hire-and-scale-your-development-team" alt="Our hiring process">Our hiring process</a> is mature and the quality that comes out of it is A grade. For clients who opt for full suite managed service, <a>employees must work on-site, in our office</a>, under the supervision of our floor managers. Access to proper infrastructure, community, a management team instead of working out of cafes, in turn, produces the best results for our clients. 
 <h2>Myth 5- Hiring Vietnamese talent can pose security risks</h2> This myth about hiring Vietnamese talent is to reduce adoptability of the tech labor market in Vietnam and prevents global employers to hire the best in class. Security and privacy are crucial especially when technical development projects are remotely executed. For instance, copying, stealing, or selling official data or code for personal benefits are common malpractices that can threaten your company’s reputation, and this is not a Vietnam-specific issue. In fact, in 2018, Vietnam was ranked <a href="https://www.csis.org/analysis/vietnams-twin-tech-challenge-spearheading-while-catching">50th in the Global Cybersecurity Index</a>, moving up 50 places in comparison to the previous year. The underlying solution to this issue is to have a <a target="_blank" href="https://fetch.tech/blog/how-to-manage-risks-when-hiring-tech-freelancers-contractors" alt="formal contractual agreement" class="on">formal contractual agreement</a> in place and enforcement either by yourself or via your outsourcing partner. At Fetch, we automatically address the integrity and accountability aspects of our employees. A service agreement with our clients carries the necessary privacy and security measures onto a legally binding employee contract. Our ‘work from office’ practices ensure IT policies are followed, in an infrastructure that monitors and prevents these issues for our clients. 
 <h2>Conclusion</h2> The list of myths might be longer, and we addressed some of the most important ones above. Vietnamese tech talent pool is one of the most sought-after in the world and Fetch has a mature value proposition. Thanks to our dedicated, results-oriented, and tech-savvy engineers, the Vietnamese tech market is growing manifolds. We have some of the best tech professionals waiting to work with you on your projects. In fact, this famous crypto exchange platform has developed its entire team with Fetch. <a href="https://fetch.tech/services/1">Hire our employees</a> today to access the best tech solutions to global problems.

Busting 5 Common Myths about Hiring Vietnamese Tech Talent

This macro event has helped companies accept remote work, not just locally, but also in global formats, never seen before. Businesses are now <a target="_blank" href="https://fetch.tech/blog/how-to-manage-risks-when-hiring-tech-freelancers-contractors" alt="recruiting remote tech talent">recruiting remote tech talent</a> from other countries to fill the shortage and scale their development team. In this regard, Vietnam has become a sought-after destination for companies for its vast talent pool and cost efficiency. <a href="https://www.businesstimes.com.sg/international/asean/vietnamese-tech-talent-hot-demand-world-goes-digital">&nbsp;</a>In this article, Fetch shares key guidelines to help you effectively recruit top tech employees in Vietnam. 
 <h1>Why is Finding Tech Talent Challenging?</h1> When it comes to sourcing tech talent, the market is incredibly competitive. Let us look at a few factors that make finding tech talents difficult. 
 <h2 style="margin-left:18.0pt">
1.&nbsp;&nbsp; 
Tech and non-tech businesses vying for the same talent pool</h2> Previously, it was mostly core tech firms that hired tech employees. The massive wave of digital transformation fuelled by the 2019 pandemic re-propelled all companies to double down on their digital transformation efforts&nbsp;and stay nimble in an era of unprecedented change. Businesses with non-tech core business models have now joined the lengthy list of employers eager to tap into the same talent pool of tech employees. This is evident in the<a href="https://www.prnewswire.com/news-releases/demand-for-tech-talent-across-a-range-of-industries-continues-to-gain-momentum-job-postings-increase-45-from-january-to-june-2022-301610297.html#:~:text=Top%20Tech%20Employers%20Hold%20Steady%20and%20Non%2DTech%20Employers%20Pick%20up%20the%20Hiring%20Pace%20in%202022"> 44% rise in job postings for tech-focused roles </a>in the first half of 2022. 
 <h2 style="margin-left:18.0pt">2.&nbsp;&nbsp; 
Competitive salaries and rewards&nbsp;</h2> Tech professionals are aware of their marketability. Businesses are practically falling over each other to offer unheard-of financial incentives to candidates in a race to hire the best tech talent. Exponential salary hikes, phenomenal rewards, bonuses, and remote working opportunities are the norm for retention tactics. Fetch has a mature hiring and retention strategy in place and its access to a developing market like Vietnam directly benefits its clients. &nbsp; &nbsp; 3.&nbsp;&nbsp; Lack of proper hiring/recruitment process &nbsp;A lack of a proper recruitment process may cause poor candidate experience. <a href="https://www.pwc.com/us/en/services/consulting/business-transformation/library/hr-recruiting.html">PwC </a>reinforces this in their report, revealing that 49% of candidates working in in-demand fields, like technology, said that poor recruitment experience was their primary reason for turning down an offer
 
 <h1>So, how does Fetch help you hire the right talent?</h1> Fetch has shared a tech talent hiring checklist to help you find and <a href="https://fetch.tech/blog/busting-5-common-myths-about-hiring-vietnamese-tech-talent" alt="hire the best remote tech employees" target="_blank">hire the best remote tech employees</a> in Vietnam. 
 
 <h2 style="margin-left:18.0pt">
1.&nbsp;&nbsp; 
Know where to source top tech talents</h2> It all boils down to accessibility. When it comes to hiring excellent tech employees, knowing where to find the best talent is key. While job boards, career sites, and social networks are great, they have been <a href="https://www.comeet.com/resources/blog/trends-insights-in-hiring-talents">shown to yield the least results</a> when businesses wish to hire the best tech professionals. Furthermore, these methods do not work too well for remote hiring. This leads to fatigue, and disappointments and uses up your time and money. Fetch has over eight years of experience in tech recruitment in Vietnam and provides your access to our tech talent network in Vietnam. We bring strategic HR access to the table and match you with tech talent for the job at hand. In other words, our clients gain access and save a tremendous amount of time. 
 <h2 style="margin-left:18.0pt">2.&nbsp;&nbsp; 
Run an effective hiring process</h2> We are looking at your interview process, guided by Fetch who takes the role of a strategic HR partner. An effective hiring process ensures that you only hire the right tech employee for the job. Employers either neglect this critical step or accept the selection and interview process of HR outsourcing firms. This ends up with the lower quality of new hires and a <a href="https://www.businessnewsdaily.com/9066-cost-of-bad-hire.html">bad hiring decision can cost your business up to $240,000</a> in expenses. Fetch’s market access brings you not one, but a selection of talents that matches your hiring requirement. You have full control over the interview process so that you hire in a method familiar to you. By giving you more control over the hiring process, Fetch takes a strategic partnership stance. <a href="https://fetch.tech/blog/how-to-manage-risks-when-hiring-tech-freelancers-contractors" alt="Our guidance throughout your entire recruitment journey" target="_blank" class="on">Our guidance throughout your entire recruitment journey</a> helps you deliver a seamless candidate experience. In return, you get to build and scale your dream tech team effortlessly. 
 
 ​ 
 <h2 style="margin-left:18.0pt">3.&nbsp;&nbsp; 
Streamline your administrative processes </h2> Hiring any remote employee involves various administrative processes, such as legal, administrative, office space, tax handling, leave handling, health insurance, payroll compliance and so much more. These tasks are necessary and consume a considerable amount of time. Fortunately, Fetch has operated its offices in Vietnam since 2015 and our experience helps you solve your administrative burdens. You focus on your core process and outputs while we take care of all the behind-the-scenes activities. 
 
 
 <h2 style="margin-left:18.0pt">4.&nbsp;&nbsp; 
Have a presence of a strong community </h2> A short supply of talent pool makes it necessary to not just hire, but to retain the tech talent. When people work remotely, a lack of engagement and a sense of belonging is a big challenge to overcome. This hampers productivity and leads to high attrition rates. To combat this problem, building a sense of community among your remote tech employees and providing them an avenue to share ideas and support each other professionally is necessary. Fetch has built a strong community in their offices in Vietnam that engages your remote developers. We organize employee engagement activities that create opportunities for them to interact with each other outside work. These activities promote a sense of camaraderie among employees and help them feel that they are part of the larger organization, which is key to employee retention and a low attrition rate.<div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://api-blog.fetch.tech/uploads/1672287023265-TRED-0693.JPG" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="TRED-0693.JPG" data-file-size="334340" data-origin="," origin-size="1036,691" style="" data-index="0"></figure></div> 
 <h1>Conclusion </h1> At a time when competent tech employees are in short supply around the world, Vietnam has pivoted to be the new tech-talent supply pool for the world. With the help of Fetch, companies can hire Vietnamese tech talent with access, reliability, control, retention, and administrative ease. Your remote tech talents operate in a workspace that encourages them with a vibrant social community, thereby giving you a more productive team member. If you are interested to read on, here’s&nbsp;<a href="https://fetch.tech/case-studies/accorplus" alt="how Fetch helped Accor">how Fetch helped Accor</a>&nbsp;existing augment its tech talent team.

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.

Tech Talent Recruitment:  Fetch’s Guide to Hire And Scale Your Development Team.

<a href="https://www.grandviewresearch.com/industry-analysis/digital-transformation-market#:~:text=Report%20Overview,23.1%25%20from%202022%20to%202030">estimated size of the global market for digital transformation in 2021 </a>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.As the demand for tech talents surpasses supply, <a href="https://e-janco.com/articles/2022/08-it-job-market.html">more than 100,000 tech positions remain unfilled</a>, and this shortage continues to rise. This shortage is prompting employers to look for cost-effective ways to meet their hiring needs. This often means turning to freelancers to supplement their existing teams and provide skills they lack in-house. While this can offer benefits, it also comes with risks. In this article, Fetch elaborates on common risks when hiring tech freelancers and provides tips on addressing them. Common Risks When Hiring Tech FreelancersThe benefits of hiring tech freelancers far outweigh the risks and yet, there are drawbacks to this approach. Having a clear understanding of these risks helps you avoid unpleasant surprises down the road and ensure that you have the right systems in place to reduce risks with outsourced tech freelancers. Without going into detail, we find that these are the common risks:<table><tbody><tr><td><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://api-blog.fetch.tech/uploads/1671176182332-image.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="image.png" data-file-size="243253" data-origin="," origin-size="522,331" data-rotatex="" data-rotatey="" style="" data-index="0"></figure></div></td><td><div> </div><ul><li>Lack of control to monitor work status</li><li>Communication and collaboration gaps </li><li>Missed project deadlines </li><li>Inconsistent quality of work </li><li>Sudden disengagement from the project </li><li>Data breaches and security issues </li><li>High turnover</li></ul>​</td></tr></tbody></table>​Tips for minimizing risks when recruiting tech freelancersFetch has listed the key factors that systematically mitigate business risks when hiring tech freelancers. These will help you plan your approach and evaluate your options carefully.​ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Find a reliable HR and talent acquisition partner​Mitigating business risks when hiring tech freelancers starts with building a resolute team of dependable contractors and service providers. There are excellent quality tech freelancers available who you can count on to deliver work on time and within budget, regardless of the challenges that come along the way. However, finding these highly skilled individuals is often easier said than done and costs you time and effort. Based on Fetch’s insight, the average time to fill tech roles is longer than 68 days. This could delay projects and keep businesses from realizing their full potential.Selecting great talents requires vigorous candidate profiling, screening methods, and background checks. While you can do this in-house, you may end up spending a great deal of time and resources in the process. Fetch specializes in <a target="_blank" href="https://fetch.tech/blog/tech-talent-recruitment-fetchs-guide-to-hire-and-scale-your-development-team" alt="recruiting top tech freelancers" class="on">recruiting top tech freelancers</a> and operates as an HR and talent acquisition partner for its clients. We offer simple and cost-effective human resources solutions that deliver the right talent for your project needs. Our clients get to mitigate the risks inherent in building and maintaining external talents without the excessive monetary and time costs cost involved in the process. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Have a written and signed contract agreement <div class="se-component se-image-container __se__float-right" contenteditable="false"><figure style="margin: auto;"><img src="https://api-blog.fetch.tech/uploads/1671176245435-istockphoto-903165068-612x612.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="402px,268px" data-align="right" data-file-name="istockphoto-903165068-612x612.jpg" data-file-size="37216" data-origin="," origin-size="612,408" style="width: 402px; height: 268px;" data-index="1"></figure></div><ul><li>Scope of work and the expected level of quality </li><li>Deadlines and milestones </li><li>Payment terms </li><li>Termination clauses </li><li>Confidentiality and non-disclosure agreement </li></ul>Fetch gives you access to an enormous pool of <a target="_blank" href="https://fetch.tech/blog/busting-5-common-myths-about-hiring-vietnamese-tech-talent" alt="Vietnamese tech freelancers">Vietnamese tech freelancers</a>. We create bespoke contracts that meet the set local laws and regulations and match client expectations. We take care of the daunting task of keeping up with ever-changing laws and a wide range of interpretations thereby resolving your administration costs. With Fetch, these locally compliant service agreements are automatically enforceable without a need for you to create a legal company entity. This saves you the time and effort of having to learn the ins and outs when hiring Vietnamese freelancers. With this administrative burden resolved, you can stay focused on running your business. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Provide freelancers with an engaging and productive environment<div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://api-blog.fetch.tech/uploads/1671178496972-TRED-9320_62 (1).jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="TRED-9320_62 (1).jpg" data-file-size="1337656" data-origin="," origin-size="3401,2267" style="" data-index="2"></figure></div>​At Fetch, we operate our own attractive and modern offices with a vibrant community of developers. The fully equipped office space provides all the necessary infrastructure and a native collaboration environment where developers can share ideas with others. Our community programs take various forms and shapes to keep engagement high with our developers. This gives them a sense of belongingness and values them more than just a gig-worker. This in turn helps with productivity and retention. ConclusionHiring tech freelancers or contractors is an attractive option for employers and yet it is often risky if employers fail to put in place appropriate risk management strategies from the outset. Fetch’s services can help alleviate these risks by protecting your business and your proprietary information while enabling you to reap the rewards of a highly flexible workforce. Bonus article: <a href="https://fetch.tech/case-studies/chartdesk">Read about our Chartdesk case study where we supported a bootstrapped startup with tech talent to grow</a>&nbsp;

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.

Blog

Engineering talents: Hiring Freelancers vs. Full-Time Employees

Busting 5 Common Myths about Hiring Vietnamese Tech Talent

Tech Talent Recruitment: Fetch’s Guide to Hire And Scale Your Development Team.

How to Manage Risks When Hiring Tech Freelancers (Contractors)