🔻 Tax Tips Every Freelancer Should Know
#Freelancetips

🔻 One huge element of being a freelancer is understanding taxation, and as a business that works with freelance talent, it’s worth giving yourself a quick refresher on some tax tips.

1️⃣Set aside a percentage of your earnings: Don’t wait for tax season to roll around, regularly set aside between 25-30% of your earnings and put it in a specific account.

2️⃣Mark the calendar: April 15th is the deadline for filing taxes as a freelancer or independent contractor.

3️⃣Mark the calendar again: January 15th, June 15th and September 15th are the extra dates to keep track of if you’re filing quarterly, or filing estimated taxes.

4️⃣$400 is the magic number: No matter your expenses, if freelancers earn more than $400 a year, you need to file and pay taxes. Remember, you may still need to file if you make less than this amount.

5️⃣$600+? It’s 1099 time: Each client that pays out more than $600 will need to provide a 1099-MISC or a 1099-NEC form.

6️⃣Fill in the W9: To make things easier, insist that your agency or client gets you to fill in a W9, which will give them critical information needed for the 1099 forms.

7️⃣Keep an eye on the future: Freelancers aren’t given any benefits, which includes pension or planning for retirement. Take it into your own hands by opening a SEP IRA.

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💻 The benefits of a strong workforce management strategy
#Freelance

🔹There are many reasons why payroll managers are looking to work with a non-traditional talent pool, and therefore why they need a strong workforce management strategy that includes freelancers and independent contractors. Here are 5 of our favorites:

🔺Filling the skills gap: 61% of businesses lack the people or the skills to complete all of the work that's currently on their plates.

🔺Time to value: What's your standard time to hire? According to recent data from LinkedIn, in high-tech, the median time to hire for highly-skilled roles might shock you. In Engineering, it's 49 days, while even the lowest end of the scale is administrative roles which take 33 days to fill.

🔺Access to remote talent: Newsflash: not everyone works in Silicon Valley. If your business isn't in an "up and coming" area, it can be tough to get the right candidates to sign on the dotted line, not without a huge monetary incentive anyway.

🔺Greater agility: A strong external workforce gives you a lot more flexibility than a traditional on-payroll staff.

🔺Reduced ongoing costs: Think about the cloud model of OpEx vs CapEx. That's exactly the benefit you get from leaning on a freelance talent base.

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💻 Pros and Cons of Vendor Management Systems
#Freelance

🔺 Vendor management systems support the entire procurement lifecycle of a vendor from defining a project, distributing requirements to potential suppliers, approving payment milestones, and reporting spend and compliance.

Using a vendor management system offers the following benefits:

🔻 Centralized vendor database

🔻 Cost reduction

🔻 Reduced administrative overhead

🔻 Improved efficiency
Central visibility

While vendor management systems are still useful, they have several disadvantages in a modern workforce environment:

🔻 Complex implementation

🔻 Consultants and knowledge workers

🔻 Suited to traditional procurement processes

🔻 Does not support business agility

🔻 Does not support relationships with contingent workers

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🔸 What Are Global Payroll Providers and some Key Features of Global Payroll Providers 
#Freelance

🔻 Global payroll providers are specialized entities that offer payroll services across multiple countries. They handle the complexities of managing payroll for employees spread out over various jurisdictions, each with its own set of regulations, currencies, and tax systems.

A global payroll provider should offer the following capabilities:

🔹 Multi-country compliance: Ensures that companies adhere to the varied and complex labor laws, tax regulations, and reporting requirements across different countries.

🔹 Currency and exchange management: Addresses the challenges of dealing with multiple currencies across different countries.

🔹 Consolidated reporting: Simplifies the management and analysis of payroll data across multiple countries.

🔹 Payroll automation: Automates repetitive tasks such as data entry, calculations, and the distribution of payslips, reducing the scope for human error and freeing up valuable time for HR professionals.

🔹 Tax filing assistance: Aids organizations in accurately calculating, reporting, and submitting employee taxes to the appropriate local authorities.

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🔻 Future of Talent Management: 7 Trends You Can’t Afford to Ignore
#Freelance

🔸 Talent management refers to the approach organizations use to attract, develop, motivate, and retain high-performing employees. It covers a range of human resource practices, including recruitment, onboarding, performance management, training and development, succession planning, and compensation strategies.

Here are some of the emerging trends that will likely shape the future of talent management.

🔺 Talent Ecosystems and Freelance Networks: Talent ecosystems and freelance networks offer a flexible, scalable approach to workforce management, enabling companies to tap into a global pool of freelancers for specific projects or skill needs

🔺 Remote Work Optimization: Remote work optimization involves creating an environment where remote employees can thrive, emphasizing the importance of technology, communication, and a strong organizational culture.

🔺 Data-Driven Decision Making: Data-driven decisions in talent management leverage analytics and insights from various data sources to guide strategic decisions about workforce planning, recruitment, development, and retention.

🔺 Diversity, Equity, and Inclusion (DEI): Diversity, equity, and inclusion (DEI) initiatives focus on creating a workplace environment where diverse perspectives are valued, and all employees have equitable opportunities to succeed.

🔺 Employee Well-Being and Mental Health: Organizations now recognize that employee performance is intrinsically linked to mental health and overall well-being.

🔺 Personalized Learning Paths: Learning path personalization focuses on customizing development initiatives to align with individual career aspirations and organizational needs.

🔺 Gamified Assessment for Learning and Development: By incorporating game mechanics into assessment tools, companies can enhance the learning experience, making it more engaging and enjoyable for employees.

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💻 Talent Management Practices Worth Knowing When Working with Freelancers
#Freelance

🔻Talent management is the way that organizations recruit and develop their workforce, keeping what is arguably their most important asset, the people, feeling happy and nourished. Why is Talent Management So Important? Keeping employees engaged and happy in their roles is an important part of running a business.

Each business will have their own goals that will go into creating their talent management strategy. Some examples of key objectives of talent management practices include: 

🔹 Encouraging a strong workplace culture: Workers want to feel that they are part of a larger whole.

🔹 Providing L&D opportunities: For today's workers, job growth is more important than pay.

🔹 Job satisfaction: Are workers happy with their roles, and do they feel that they are using their strengths and being appreciated?

🔹 Compensation and benefits: Creating packages that work for different kinds of workers is a key objective of many talent management programs.

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🔘 6 Crucial Steps to Hire a Successful Marketing Team
#Freelance

✨ Building an effective marketing team is crucial for any organization aiming to enhance its brand presence and drive sales.

When building a marketing team, organizations should consider the following steps:

🔴 Define the Structure of the Team: For smaller businesses or startups, a lean team with versatile members capable of handling multiple aspects of marketing might be appropriate.

🔴 Identify the Roles for Hiring: Start by assessing the current marketing goals and strategies to determine what expertise is required to achieve them.

🔴 Define the Marketing Skills for Each Role: Identify the key skills for each role to create targeted job descriptions that attract suitable candidates:

🔴 Find Marketing Candidates: When sourcing candidates for your marketing team, consider both freelancer platforms and traditional hiring methods for in-house employees.

🔴 Evaluate Candidates’ Marketing Skills: Evaluating freelancers is easy and low-risk. Start by reviewing portfolios to assess the quality and relevance of their work to your needs.

🔴 Hire and Onboard New Employees: The onboarding process varies significantly between freelancers and in-house employees.

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🔺 10 Ways to Improve Engagement for Remote Employees
#Freelance

➡️ Remote employee engagement refers to the level of commitment, enthusiasm, and loyalty a remote worker feels towards their job and company from a distance.

Here are some of the ways that organizations can improve remote employee engagement:

🔹 Create a Remote Onboarding Experience: The remote onboarding experience helps integrate new hires into the company culture and set them up for success.

🔹 Set Clear Expectations: Ensure that remote employees understand their roles, responsibilities, and the goals they need to achieve.

🔹 Maintain Effective Communication: Establish regular check-ins and communication channels that keep remote workers informed and connected.

🔹 Flexible Work Policies: Flexible work policies allow employees to choose when and where they work.

🔹 Conduct Virtual Team Building Activities: Virtual team building involves creating a cohesive and collaborative remote work environment.

🔹 Recognize Employee Contributions: Implement recognition programs that highlight individual and team achievements on a regular basis.

🔹 Provide the Right Tools: Essential tools include reliable communication platforms, project management software, and secure file-sharing services.

🔹 Encourage Company-Wide Remote Policies: To foster an inclusive and supportive remote work environment, implement company-wide remote policies that encompass aspects such as flexible working hours, mental health support, and access to necessary technology.

🔹 Create Opportunities for Career Growth: Provide access to training and development programs that allow workers to acquire new skills and advance their careers within the company.

🔹 Offer Gamification: Gamification introduces an element of fun and competition into the workplace, engaging remote employees in an interactive way.

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😵‍💫 7 Remote Workforce Trends to Watch & Leverage in Your Organization
#Freelance

😑 Your remote workforce is any workers who do not do their job from a specific office space. This could be employees who work primarily from home, or it could be freelancers and consultants that work for themselves — and onboard your business as a client. 

With remote work front and center, here’s what you need to know to keep your enterprise on the forefront of labor trends this year:

😑Increased Adoption of Hybrid Work Models: For many, embracing a remote working strategy doesn’t mean throwing away the office keys for good. Hybrid work models could mean that you allow employees a certain number of days to work from home,

😑Advancements in Remote Work Technology: Technology has made it easier than ever to embrace remote work.

😑Rise of Digital Nomadism: Remember that remote work doesn’t mean you can call workers into the office on demand, and in fact — many of your workers might decide to work agnostically, living in different countries or regions for long stretches of time.

😑Cybersecurity Measures for Remote Work: It’s important to think about how you will secure a network that suddenly includes many more devices and locations.

😑Remote Work for Non-Traditional Roles: As the door is open for remote work, you can start thinking about allowing freelance talent or a remote workforce to handle even non-traditional roles within the organization.

😑Employee Monitoring and Productivity Tracking: What’s the ethical balance for monitoring efficiency and productivity of employees and freelancers working remotely? It’s a difficult question, and no surprise to see it under the spotlight.

😑Freelancer Management Systems (FMS) & Freelance Platforms Gain Traction: One of the hardest challenges for today’s enterprises when it comes to remote work is how to find freelancers, and how to manage and pay them accurately and with visibility.

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💻 Steps for Building & Managing a Successful Software Development Team with On-Demand Talent
#Freelance

🔹 Fiverr Enterprise provides an IT talent pool, curated especially for you – one place where you can gain instant access to your own carefully vetted Dev & IT talent, that’s ready-to-hire and able to meet your business requirements. Hire any tech expertise, eliminate resource uncertainty, reduce hiring costs and maintain a consistent and quality workforce. Our SaaS solution enables you to confidently take on more projects, knowing you have a dedicated talent pool that’s always available. 

The process is simple: 

🔹 Step One: Post a job requirement in response to an immediate need. 

🔹 Step Two: We will provide you with 2-6 pre-vetted candidates in no longer than 48 hours. You can interview 2 or 3 to narrow down the search. 

🔹 Step Three: Onboard your preferred candidate with automated workflows, and let them get to work immediately. 

🔹 A Freelancer Management System (FMS) addresses all three of IT companies’ most common fears around working with freelancers, allowing you to achieve:

🔹 Speed: Hire any tech expertise, fast 

🔹 Cost: Reduce bench spend & stay within your budget

🔹 Quality: Get access to a global, vetted talent pool 

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