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Last week, I had lunch with one of our Non-Execs, Philip Stride, and he reminded me of a great term – “the virtual bench”. I loved it and immediately decided to steal the phrase and use it for a blog article!
It sums up what most Dynamics partners have to build in order to be able to resource projects properly on a regular basis: we know that far too often there is a sudden need for resources at very short notice, without knowing if this demand is sustainable long-term.
Many partners would prefer to hire permanent employees, but then they face the risk of having a real bench of their own consultants in the near future who aren’t billing as their part in projects comes to an end. The cost can soon mounts up – you still need to pay their salaries, benefits, tax contributions, and so forth so it can rapidly eat into your profits. Isn’t it much better to have access to a “virtual bench” with hundreds of available and trusted consultants, where you pay them only when you need them?
This is so relevant is many situations:
The “Virtual Bench” is a great concept that allows Dynamics partners to balance the resources they have for the next job. In most cases these consultants work on a freelance/contract basis and if you are lucky some of them might consider joining you on a permanent basis once you establish more continuous demand.
So get ready to build your own “Virtual Bench” – most of your competitors have probably got one already!
About us: 365 Freelance is the first online platform that gives Dynamics partners and end-users instant access to hundreds of contractors. With a network spanning 74 countries, it allows companies to search for freelancers based on their skills, rates and available dates, enabling them to find the best person for their projects without incurring the hefty fees typical of recruitment agencies. Register here – www.365freelance.com
The post The concept of a Virtual Bench appeared first on The 365 Freelance Blog.
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