#42 Demystifying the differences between employees and contractors with Victoria Johnson

The Pricing Queen

Ready to outsource or take on an employee in your business? It’s a question many entrepreneurs have but are terrified of exploring, especially when they’re ready to grow. And at first glance, it may seem that an outsourcer is your best option - but is it the right option for you and your business?

It’s a subject I chatted with Victoria Johnson of Green Jay Group about for this week’s podcast. Victoria helps STEM startups get their people and culture how they want it to be. She also offers one-to-one leadership coaching, helping founders of businesses decide on the best ways to outsource, because it isn’t always easy deciding between hiring an employee or outsourcing to a freelancer.

So in this week’s episode of The Pricing Queen, we’re going to be covering:

• What you should think about before outsourcing or taking on an employee [2:13]

• What questions to ask yourself before looking for a solution [3:03]

• Why flexibility is an important consideration [3:49]

• Understanding why control and demand play a part in the role you fill [4:41]

• Contracts and financial sustainability [6:04]

• The most crucial financial element that gets overlooked [8:42]

• What financial aspects to budget for [10:22]

• Comparing a contractor to an employee [10:46]

• Pseudo employees and what to watch for in terms of IR35 -[11:10]

• Why ignorance is not a defence [13:43]

• The four things to consider when deciding between a freelancer or an employee [14:00]

• Skills gaps and contractors [17:20]

• Packages and the part they play in the role you fill [18:01]

Resources:

Help with working out your pricing, check out my pricing calculator - http://www.thepricingqueen.com/pricing-calculator.

Learn more about Victoria and Green Jay over on her website - https://greenjaygroup.co.uk/.

Follow Victoria on LinkedIn: https://www.linkedin.com/in/victoriajohnsongreenjay/.

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