Today many businesses and workers are seriously considering their options \u2013 whether to hire an employee, and in the case of a worker, whether to be one.<\/p>\n
Since the recession of 2008-2009, hiring has been slow to return to normal rates and many former employees were forced to find creative ways to make a living.<\/p>\n
As the economy begins to return to normal, it\u2019s time to look at the advantages of contractors vs. employees, and vice versa.<\/p>\n
Get A Quote Today! <\/a><\/p>\n Cost Savings<\/strong><\/p>\n An employee needs to be paid every pay period and while their hourly rate may be lower, their total cost will definitely be higher. Employees not only require a regular hourly rate, they also expect a certain number of hours each week. A contractor normally has a variety of clients and isn\u2019t expecting to be kept busy by just one employer.<\/p>\n Control<\/strong><\/p>\n Let\u2019s be honest, it can be very difficult to let go of an under-performing employee. Even if you know they haven\u2019t lived up to the job, it can be emotionally challenging and bad for morale to let someone go. A contractor isn\u2019t usually expecting to have a long term job and isn\u2019t normally completely reliant upon your business for their income.<\/p>\n Also, if you need a specific task completed, especially one that requires a special skill or involves lots of repetitive work, a temp employee, or a contractor, can be a great solution.<\/p>\n Legal<\/strong><\/p>\n Employees are subject to lots of protections that aren\u2019t required of a sub-contractor, including wages laws, extensive anti-discrimination rights, and family leave.<\/p>\n Control<\/strong><\/p>\n An employee is normally more dedicated to your business than a contractor because they have a long term commitment. You can also assign an employee a much wider array of tasks (think of the old \u201cother duties as assigned\u201d clause) because you normally have a full eight-hour day to fill. An employee tends to be more flexible and more diverse than a contractor.<\/p>\n Loss of Talent<\/strong><\/p>\n Some contractors stay for the long term but they are more likely to seek another full-time job or a different, better-paying contract elsewhere. If you have invested in training someone you want to make sure they stick around. One way to handle this is to work with a temp agency where you can start a new worker as a contractor but have an agreement where they will be offered employment if they are retained for 60 or 90 days.<\/p>\n Legal<\/strong><\/p>\n Most state and federal agencies look very closely at contractors vs. employees to make sure you aren\u2019t attempting to avoid certain employer responsibilities like taxes or benefits. You have to be sure that your workers are meeting state and federal law that apply to the employee-employer relationship.<\/p>\n There are many good and valid reasons to hire an employee, full or part time. There are just as many good reasons to bring in contractors or temporary<\/a> workers. The important thing is to consider your options and make the decision that best supports your business needs.<\/p>\nThree\u00a0Reasons You Should Use a Contractor<\/strong><\/h2>\n
Three\u00a0Reasons You Should Hire an Employee<\/h3>\n