![]() This is the fairest arrangement for both parties that we have found. The main reason we pay by the hour is because we don’t want to pay for time that contractors aren’t adding value to our business. Almost all of our contractors are on hourly contracts and I believe that the days of fixed cost relationships are slowly coming to an end. ![]() We follow a few principles when hiring and arranging payments: ![]() Unnecessary fees can accumulate and form major expenses, which would be much better spent on growing your business. It greatly benefits your team as well: they can work wherever they want, whenever they feel most productive, and they can focus their energy on getting things done.Ī real-life example: How we utilized remote workforce to improve our cost effectiveness and survive during tough timesĪt ClowdWork, we have a team of remote workers spread all over the world. The salary costs of remote employees are generally lower than office employees as well, as professionals are willing to take a pay cut for complete working freedom and we use to hire team members where salaries are lower. You only have to pay for what your team has accomplished. Working remotely means you don’t have to pay rent because you don’t have a physical office. The cost savings of remote work arrangements are significant, and it comes with several advantages. One of our secrets to minimizing the costs of running ClowdWork is working remotely. As a business or startup owner, knowing how to reduce costs is essential for survival. ![]()
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