Contractual Staffing has increasingly become popular because of its benefits for workers and employers. Contractual personnel methods allow employers flexibility. Contractual Staffing also includes independent contracts, part-time work, seasonal work, etc. This model has several advantages for employers and employees who want to enjoy more flexibility and free time.
In today’s changing workforce, the use of contract employees, also known as independent contractors, freelancers, or work-for-hire staffers, is becoming more prevalent. Companies often hire these kinds of employees in place of part-time or full-time staff for a variety of reasons, including budgetary concerns and the need for specialized skills.
A contract employee is an individual retained by a company for a predetermined time, for a predetermined price. Following this approach, a company is not responsible for providing a variety of traditional employer benefits, including:
- Taxes
- Social security
- Workers Compensation
- Unemployment benefits
- Health benefits
- Sick leave
- Vacation time
- Retirement or profit sharing
Benefits of Hiring Contract Employees
Hiring contract employees can be a smart business move for a company, as there are many benefits, including:
- The ability to hire workers for short-term projects, on an as-needed basis
- Lower overhead operating costs, because of fewer employer-paid benefits
- Opportunity to hire highly skilled individuals for projects in which there is no one in-house qualified to do the work
Many contract employees work remotely from a home office, so additional savings can be realized by not providing office space or equipment.