Freelancer

The importance of establishing freelance terms and conditions
#Freelance

⏩ Contracts are legal agreements that are designed to protect both parties — the freelancer and the hiring company throughout the work relationship and beyond. As a hiring manager, establishing freelance terms and conditions gives you a guarantee that the freelancer will deliver the work according to the timeline and specifications that you agreed upon.

There are a few other important reasons to draft and sign a contract for every freelancer your hire:

1️⃣

Avoid misunderstandings. Contracts help you avoid conflicts that could arise down the road about who is responsible for certain things, such as covering business expenses, providing training, or issuing equipment.

2️⃣

Protection in court. Since contracts are legal documents, they can be used in court should one party breach the agreement.

3️⃣

Work “by the book.” Contracts show stakeholders outside of your company (such as investors) that you are doing everything by the book and in an orderly manner. During due diligence audits, such as before receiving funding or going public, all of your vendor and freelance contracts will be reviewed.

4️⃣Comply with labor laws. In some US states and other countries, it is against the law to work with a freelancer without signing a contract. For example, New York passed the "Freelance isn't Free" act in 2016, which requires freelancers and hiring companies to sign contracts, among other obligations.

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6 Tips for Building a Successful Talent Acquisition Strategy
#Freelancetips

🔸 A talent acquisition strategy is a plan designed to help organizations identify, attract, and hire top talent for their needs.

Here are some recommendations for establishing an effective talent acquisition strategy:

1️⃣

Assess Your Current and Future Needs. Analyze your current workforce’s skills, gaps, and potential retirements to align HR strategies with business objectives.

2️⃣

Build Your Employer Brand. A compelling employer brand is crucial for attracting top talent.

3️⃣

Leverage Targeted Sourcing. Targeted sourcing involves identifying and attracting candidates from specific talent pools that align closely with the company’s requirements

4️⃣

Consider Freelancers and Flexible Work. Incorporating freelancers and offering flexible work arrangements can significantly enhance a company’s talent acquisition strategy

5️⃣

Establish an Effective Screening Process. An effective screening process is vital to identify the best candidates from a pool of prospects

6️⃣

Improve the Candidate Experience. A positive candidate experience helps reinforce the employer brand and attract top talent

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8 Ways to Effectively Manage Your Talent Bench
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🗣 A talent bench refers to a pool of employees who have been identified as potential candidates to fill key leadership and critical roles within an organization both now and in the future.

Below are 8 tips to help you navigate the challenges of talent bench management.

1️⃣

Identify Critical Roles. Begin by identifying the key leadership and critical roles within your organization.

2️⃣

Use a Comprehensive Identification Process. Develop a rigorous identification process to assess the potential of employees to fill these critical roles.

3️⃣

Develop Tailored Development Plans. Create personalized development plans to nurture their skills and prepare them for future leadership roles.

4️⃣

Incorporate a Variety of Development Opportunities. Offer different types of development opportunities, such as mentoring, coaching, training programs, and job rotations.

5️⃣

Monitor Progress and Provide Feedback. Take time to review the progress of individuals on your talent bench and provide feedback to help them improve and grow.

6️⃣

Communicate Openly and Transparently. Communication is key! It’s super critical to maintain open lines of communication with your talent bench to keep them informed about their progress, opportunities for advancement, and organizational changes.

7️⃣

Plan for Retention. Implement retention strategies to ensure that top talent remains engaged and committed to the organization.

8️⃣

Evaluate and Adjust Your Strategy Regularly. Regularly evaluate the effectiveness of your talent bench strategy and make adjustments as needed based on changing business needs, market dynamics, and feedback from stakeholders.

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What’s Included in a Freelance Invoice Template, and Do I Need to Offer One?
#Freelance

⏺The invoicing process differs for employees on a monthly payroll, who receive a set salary through the company's payroll, versus freelancers, who use their own invoices to request payment after completing projects, which can involve upfront payments, multiple invoices, and variable amounts based on the work done.

Each business varies in their needs, but to start with, make sure to include:

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Freelancer’s Contact Information: How will you reach out to the freelancer if you have any questions about the invoice?

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Client’s Contact Information: Add your own contact information,

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Invoice Number and Date: Each invoice should be unique, and an invoice number helps make this happen.

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Description of Services Rendered: What did the freelancer do for your business?

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Itemized List of Charges: The same is true for the amount of money being requested.

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Total Amount Due: Make sure your freelancer has a place to mark the amount they are asking for, in total.

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Payment Terms and Due Date: How would the freelancer like to be paid, and by when?

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Accepted Payment Methods: What payment methods do you offer?

⏺

Additional Notes or Terms: Here’s where you can add anything you think the freelancer needs to know ahead of sending their invoice.

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