Q5s vs. W-2s
What’s this about a ground-breaking new model for the conceptual age?
Is it true that Q5s are like W-2s for sustaining roles in my business?
Is it true that hiring a Q5 is faster and easier than hiring a W-2?
Is it true that terminating a W-2 is expensive, but terminating a Q5 isn’t?
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What’s this about a ground-breaking new model for the Conceptual Age?
In the Conceptual Age, it’s imperative that you free up your highly paid W-2s to perform more valuable, conceptual age work. In order to do so, you must reduce your costs for “below the line” knowledge work. This process of freeing your best and brightest is called Q5ing. Technology advances within the last 3-5 years now make it possible to work with exceptionally talented Q5s anywhere in world – as if they were in the next room. Q5ing makes it possible to hire remote talent for ongoing, sustaining roles at 1/2 the cost of on-site W-2 employees, freeing up your valuable W-2s to concentrate on work with higher value.
Is it true that Q5s are like W-2s for sustaining roles in my business?
When you choose to hire a W-2 employee versus a contract staffer, chances are you do so because you’re interested in filling a sustaining role. Q5s are exactly like W-2s in this area. Q5s are perfect for long term, sustaining roles. Q5s learn about your business, attend your meetings, and grow with you. In the same way you might invest time and money with a W-2 to develop skills, invest in training, and develop a career track, the same is true about your Q5s in sustaining roles. When succession planning comes up, your regular W-2 employees and your Q5s should both be considered.
Is it true that hiring a Q5 is faster and easier than hiring a W-2?
Is water wet? Absolutely, hiring a Q5 is easier, and carries substantially less risk! By the time you gain approval for hiring a W-2, initiate recruitment processes, and start to interview candidates, you’ve already spent more than what your first month of a Q5 will cost. In the time that it takes for you to decide which W-2 candidate you will choose, you can have a Q5 producing for you – at half the cost. You don’t even need to set up a desk, a computer, or a phone. You don’t need to set up payroll, benefits, and taxes with a Q5. In fact, you can simply go online, get a quote, and order a Q5. Within a few minutes!
Is it true that terminating a W-2 is expensive, but terminating a Q5 isn’t?
Is the sky blue? Once you hire a W-2, assuming things don’t work out, what does the process look like? Let’s say you hire a Q5 and things don’t work out. We can do a swap and solve the problem, or you can simply provide 30 days notice and be done. Keeping in mind that your Q5 costs 1/2 of what a comparable W-2 costs, 30 days of Q5 time costs the same as 2 weeks for a W-2. Isn’t that awesome?
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