When you check the current American workforce, you are bound to find independent contractors working in different sectors both formal and informal, attesting to their increasing preference. Hiring full-time employees have been the method of recruiting for a vacant position for years, however, if you are looking to fill a position, you may want to think about hiring an independent contractor now! There are lots of benefits that come with hiring an independent contractor as opposed to the full-time employees you are used. You can read more on the benefits of hiring an independent contractor or a 1099 employee in this site.
Hiring a 1099 employee will help you save money as can be seen if you click here; for an independent contractor to provide you with the services you need, all you need to have is a paystub generator for paying them. 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. You will love the flexibility that your company will enjoy if you decide to use this service instead of hiring a full-time employee; in addition to being expensive to maintain, most full-time employees are recruited to be around for a long time but not independent and here is more info.
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. Working with independent contractors is preferred as opposed to full-time employees because they are less of legal risk; in case they are suffering personal injuries at work, it will be a matter between them and their insurance company; your business will not be involved.
You should consider hiring an independent contractor because you will incur reduced turnover costs; instead of spending a lot of money and time conducting research, hiring a new employee and get them trained, you will simply hire the next 1099 employee that walks in. The good thing about 1099 employees is their specialty; their skill set makes them the best at a particular job that will provide huge returns on investment for your business. Hiring a 1099 employee to tackle a special project will benefit your company through the ways highlighted above.