2 min read
The staffing trade-off
Permanent hires build lasting capability but add fixed cost you carry through quiet spells. Contractors flex with demand but cost more per hour. The right mix depends on how steady your workload is.
Fund either route
Both add wage cost before the extra output pays. A working-capital facility bridges the ramp-up so a new hire or contractor team is funded until it's generating revenue.
Match to workload
Steady, ongoing work justifies permanent hires; lumpy or uncertain demand suits contractors. Check the extra cost is affordable on the affordability calculator whichever you choose.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.
Frequently asked questions
Is it better to hire staff or use contractors?
Permanent hires suit steady, ongoing work and build capability; contractors suit lumpy or uncertain demand and keep you flexible. The right mix depends on how predictable your workload is.
How do I fund taking on more people?
A working-capital facility bridges the wage cost until the extra output generates revenue — whether you hire permanently or bring in contractors. Check the cost is comfortably affordable first.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.