Permanent to Freelance Staff Ratio
What is Permanent to Freelance Staff Ratio?
This metric calculates the proportion of permanent to freelance staff in your business.
How to calculate Permanent to Freelance Staff Ratio?
(#) of permanent staff / (#) of freelance staff = (%) Permanent to Freelance Ratio
Tracking this ratio will help you identify threats to the stability of your business. For example, if your engineering team is mainly made up of freelance staff, it could jeopardize your long-term business objectives.
Make sure you monitor your overall cost per hire, as hiring for freelance staff may have a quicker turnaround and faster frequency, which could impact your recruitment efforts.
How should you visualize Permanent to Freelance Staff Ratio?