How to Achieve Maximum Success with
Working with independent contractors is not just an idea anymore as about ten percent of the American workforce is made of independent contractors working in various sectors. If you own a business or company that is looking to fill a vacant position now, you may want to consider hiring an independent contractor, popularly referred to as 1099 employee. Hiring an independent contractor instead of a full-time employee comes with a lot of advantages. You can learn more about the benefits of hiring a 1099 employee in the article below.
On top of paying a full-time employee’s monthly salary, you will also have to pay everything including workers’ compensation which can be very expensive compared to working with a 1099 employee and you can view here for more info. One good thing about hiring an independent contractor to work for you is that you only pay for the services you need and not monthly salaries and benefits like full-time employees, a move that will help you save a lot of money that can be put to other uses.
If you have too few staff on hand and you are only looking to fill a vacant position temporarily, it is better to choose an independent contractor over a full-time employee because they allow for flexibility. The flexibility of hiring 1099 employees means you can bring them in when you need and then send them home when the job you needed them for is completed.
On top of paying a full-time employee’s monthly salary and other benefits, your company has to invest in insurance for them too, however, the 1099 employees on your payroll will not be your responsibility when it comes to insurance. The fact that independent contractors fend for themselves as far as insurance is concerned as highlighted on the homepage makes them less of a legal risk than a full-time employee for your company; you will never have to be involved in costly legal battles again.
Finding a replacement for a full-time employee can take a lot of time and resources but not an independent contractor because you simply move to the next one which you can know more about hiring. Hiring a 1099 employee is beneficial because they provide specialized services; unlike full-time employees, an independent contractor can be brought in for a specific purpose that will benefit your company in a big way. These are the important reasons to hire a 1099 employee.